Contrary to what downrampers say, OMH is now a BUY.
"While commodity prices are out of OMH’s control, we continue to believe that the low cost nature of its operations globally provide a moat for periods of weakness such as these, allowing it to remain profitable throughout the cycle. Annualised Ops CF of $100m after such a meaningful commodity price drop is evidence of this;
We have lowered our price forecast for FeSi alloy to US$1,200/t in the short term (vs $1,350/t prev.) and have adjusted product mix to align with updated guidance. The result is a slight decrease in Valuation to $1.60/sh (vs $1.72/sh prev.);
We maintain the Buy recommendation on OMH. "
OMH a strong BUY
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Last
50.0¢ |
Change
0.020(4.17%) |
Mkt cap ! $383.1M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 50.5¢ | 48.5¢ | $34.31K | 69.07K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 155718 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 51735 | 3 |
View Market Depth
| Last trade - 15.45pm 02/05/2024 (20 minute delay) ? |
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Last
50.5¢ |
Change
0.020 ( 2.02 %) |
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| Open | High | Low | Volume | ||
| 49.5¢ | 50.5¢ | 47.5¢ | 44333 | ||
| Last updated 15.45pm 02/05/2024 ? | |||||
| OMH (ASX) Chart |