Buy, Hold, Sell: Which chemical share to add to your portfolio?
Investors looking for some alchemy to spruce up their returns will need to think hard about which chemical share to add to portfolios
OMNIAShare price: R148.12JSE code: OMNBUY
OMNIA, THE DIVERSIFIED provider of specialised chemicals products and services used in the agriculture, mining and chemical sectors, could be on an upward trajectory if challenges ease up. In the first half, the company had to deal with extended effects of the drought, the 86-day breakdown at Nitric Acid 2 complex in Sasolburg and stock losses in Australia, which hit the mining and agricultural divisions. But Omnia believes all divisions are set and ready to deliver an improved performance in the second half. The agriculture division will move into the traditional summer planting season with the drought having receded and increased throughput and overhead recovery expected at the Sasolburg factory. The mining division continues to improve its product performance, and service levels and the bedding down of the new business model for the chemicals division present interesting opportunities. This is a stock for investors who like to buy c...
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