obm
OBM: Underground Gold Miner - Peak Performance, Peak Peril
Updated 8 Oct 2025
Strong Sell rating with fair value $0.26 vs current $0.85. EBITDA margins of 45.7% unsustainable as gold prices normalise from record highs.
View noteMoat: Narrow
nxl
NXL: Forensic Analytics Specialist - Platform Transformation or AI Elimination?
Updated 8 Oct 2025
Nuix trades at $2.48 vs fair value $1.78. Neo platform shows 132% growth but faces 60% AI disruption probability. EBITDA margins 16.8%, churn rising to 7.1%.
View notenwl
NWL: Platform Powerhouse - Perfection Priced, Reality Pending
Updated 8 Oct 2025
Australia's #1 wealth platform with 89.2% ROIC trades at $37.14 vs $9.67 fair value. Exceptional margins face inevitable compression as competition intensifies.
View notenwh
NRW: Mining Services Contractor - OneSteel's Pain, Investor's Gain
Updated 8 Oct 2025
Mining services contractor trading at $3.47 vs $5.96 fair value (72% upside). Strong order book visibility, conservative balance sheet, temporary OneSteel impacts clearing.
View noteNCK
NCK: Furniture Retail Leader - UK Conversion's Make or Break Moment
Updated 8 Oct 2025
Nick Scali trades at $19.37 vs fair value $18.34, reflecting 5.6% overvaluation. Strong ANZ market leadership with UK expansion catalyst requiring selective entry timing.
View notemye
MYE: Underground Mining Contractor - Digging Out of Deep Value
Updated 8 Oct 2025
Mastermyne trades at $0.14 vs $0.45 fair value following external mining disruptions. Strong safety record and technical differentiation support recovery potential.
View notemvp
MVP: Pharmaceutical Turnaround - From Pain to Gain
Updated 8 Oct 2025
Pharmaceutical turnaround story trading at $0.615 vs $0.94 fair value. 54% upside potential with 31% European growth and operational recovery to 8.1% EBITDA margins.
View notemp1
MP1: Network-as-a-Service Pioneer - Platform Dreams, Valuation Nightmares
Updated 8 Oct 2025
AVOID rating with fair value $4.20 vs current $14.82. Strong 19% revenue growth and 95% recurring revenue model undermined by extreme 253% overvaluation and cloud disintermediation risk.
View notemlg
MLG: Mining Services Specialist - Discount Deeper Than the Goldfields
Updated 8 Oct 2025
MLG trades at 68% discount to peers despite operational recovery. Fair value $1.00 vs current $0.80 with 25% upside potential.
View notemhj
MHJ: Jewellery Retail Turnaround - Diamonds in the Rough
Updated 8 Oct 2025
Deep value opportunity at $0.41 vs $2.49 fair value. EBITDA margins recovering from 13.1% trough. Canadian operations prove model works with 4.4% SSS growth.
View notemgh
MGH: Construction Materials Consolidator - Infrastructure Dreams Meet Integration Reality
Updated 8 Oct 2025
HOLD rating with $3.34 fair value vs $4.24 current price. Strong infrastructure exposure offset by integration risks and overvaluation.
View notemfg
MFG: Asset Manager Alchemist - Partnerships Turn Base Metal into Gold
Updated 8 Oct 2025
HOLD rating with $13.07 fair value vs $10.94 current price. Partnership income surged 202% to 38% of profit. 6.7% dividend yield with transformation execution risk.
View note