OMH 2.30% 44.5¢ om holdings limited

Interest rate is being reduced, debt is being reduced. Interest...

  1. 12,091 Posts.
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    Interest rate is being reduced, debt is being reduced. Interest has gone from $44.9 million/pa down to $32.2 million/pa.
    Read the report, its better to know the facts.
    Now that you've warned everybody again, again and again, I think that you're now becoming a broken record.
    So lets just see what happens over the next six months.
    The email the other day from OM Holdings management to me stated that there is no major complications with inventory and China slowly resumes operations. They do not foresee further problems, and it was a precautionary measure only to idle the two furnaces.
    Production is otherwise going at full steam with 2 x FeSi undergoing maintenance. The increase in the ferro silicon price will make up for this as well as the 10,900 tonnes of FeSi and 7,800 tonnes of Mn alloys in stock at end Dec 2019.

    If you want to continue with your I told you so again and again. I'll just put on ignore permanently. I prefer not to do that as most people appreciate any intelligent discussion, whether you can do that is up to you.
 
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