Reasearch published on the HL site this morning says of OML, "market consensus remains a strong buy". Given the SP has fallen from a high of 220p (more or less) over the past 15 months, which market is this, exactly? What they should have said is "brilliant, expanding company, global diversification. We like it. but it's SOUTH AFRICAN, so its only going one way, and that ain't up ! (Not deramping, or ramping for that matter, just frustrated that the market can't see the worth of OML)
5 Aug '14
Another good set of figures from Nedbank, OML is a good investment for the future and the SP should be higher.
Nice to see the SP going up, I also think this could see £2.50 this year, or dare I say it a bid maybe forth coming.
17 Mar '14
Thanks Libero :-) I predict this time next year OML will be a 2.50p to 300p share :-) happy Days
17 Mar '14
OML owns 7% of boohoo! "Online fashion group boohoo.com (LON:BOO) strutted its stuff on AIM on Friday, becoming the latest retailer to make its shares available to the public. Those lucky enough to get a piece of the action were rewarded with a 60 per cent share price rise within minutes of trading. The shares went on offer at 50p, but soon raced up to 80p in a float which raised £300 million. The funds are earmarked for an accelerated expansion programme, as well as repaying convertible loan notes held back existing shareholders. Institutional backers, such as 7 per cent shareholders Odey Asset Management and Old Mutual, were quids in, not to mention co-founder and joint chief executive Mahmud Kamani, who made a cool £240 million from the listing."
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