In the past year the stars aligned for chemicals conglomerate Omnia Holdings. The stock has made a substantial recovery from the dark days when it had to ask investors for a debt bailout via a R2bn rights issue in mid-2019 at R20 a share.

Over the past 12 months, new management under CEO Seelan Gobalsamy has embarked on a process to turn around Omnia’s operating margin and plant optimisation...

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