Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Appreciate all at MM for a great service! What are your thoughts on the capital raise for SYR Syrah especially with such a weak discount to the current market price? Also, how do you see the outlook for OML Ooh Media? The share price seems to be on an upward trajectory at last. Thanks Rob
Hi Rob,
Syrah Resources (SYR) – this graphite developer raised $80mn at 55c, a ~21% discount to the stocks last close. We are not fans of SYR and see no reason to re-enter on Friday with the stock trading ~55c, 80% below its 2022 high.
Ooh Media (OML) – The advertising media company has followed the ASX higher over recent months. We believe OML is a solid business with top line growing mid-single digits while earnings are coming in slightly higher. The stocks not expensive ~$1.80 for investors who like the area but it’s not on our radar at the moment.
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