This bears uncanny similarities to Vita Group.
Which was hammered from 1.35 to just 6c during the GFC. PE = 1. Debt nil. Exclusive contract with Telstra.
OMH now at PE = 2. Debt more than covered by assets on books.Lucrative and long term power contract.
Vita went on to become a 100 bagger.
Malaysian smelters are flooding the alloy market initially to drive out western competitors and lately have set their focus on Chinese exporters.
If they succeed, the sky's the limit and OMH could go on to become another Vita.
On the other hand if they fail, it could all fall in a heap.
OMH management is astute and highly specialised in the manganese group and I'm placing my bets on them succeeding.
OMH - Strong Sell, page-135
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Last
47.0¢ |
Change
0.020(4.44%) |
Mkt cap ! $360.1M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 47.0¢ | 44.5¢ | $6.948K | 15.43K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 11740 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| OMH (ASX) Chart |