Their numbers will be woeful despite the new equity raising. Huge expenses in lease payments, staff costs and interest charges will barely leave $100m or so bottom line - and this is even before tax, capex and principal repayments. That is assuming the corona infused economy will keep generating the revenues they saw last year. They probably have multi-year contracts so it may not be dire but surely the upcoming recessionary environment will put them in a buyers' market. Their tangible equity is actually negative. This is not a company I would like to be stuck in. No wonder the entire board of 8 directors own under 1% of stock.
OML Price at posting:
61.5¢ Sentiment: Sell Disclosure: Not Held
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