I believe the mgt will start more aggressive IR/PR after results announced. There will be more feel good factors after end feb. seeing is believing for this stock
At this price, market has still yet to price in the full year result which will announce by end feb. Latest ASX analyst forecast is A$103m, which means 7x PE, way below peers and market.
For those who has miss plantation cpo bull , you might want to catch the manganese bull soon because Ukraine has a 40% mining producer of manganese for the world. Manganese price is raising and it benefit OMH who has manganese mining business. On top of this, due to the oil price is not above USD120, many high energy smelter will not able to cover their cost of production therefore further reduce the manganese alloy production and OMH is not affected as it has a cap energy price with bakun dam.
In summary, it is similar to what Pmetal is enjoying, high metal price and low production cost due to energy cost cap price with bakun dam electric supply.
OM Holdings and Press Metal are among the prime beneficiaries that have a significant advantage over global peers, given their access to eco-friendly low-cost hydropower. Commodity prices may stage a reversal once the lockdowns in China are eased, which will improve demand and support prices, backed by favourable supply demand balance
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Damien88
228 posts
Posted by Damien88 > 2022-01-07 10:05 | Report Abuse
Sell vol has dropped significantly from few weeks ago