Ohmyhome Ltd (OMH) News

OMH.......................https://stockcharts.com/h-sc/ui?s=OMH&p=W&b=5&g=0&id=p86431144783

OMH new 52 week low

OMH new 52 low

I’m thinking this moves over 1$ on the first fed rate cut and I think that will happen in September.

Do you believe the company becomes compliant before the the deadline? 10/28 (correct me if im wrong) at 1.00 for 10 consecutive days. Do the math

Seems like pretty good news to me. Are we undervalued here at .58?

OMH: But maybe it's 'OH YES' now?? (In any event, it got a late last Friday "DELISTING NOTICE" article about themselves. But didn't such a NOTICE help send a stock SOARING gloriously last Friday??)
https://www.tipranks.com/news/company-announcements/ohmyhome-faces-nasdaq-delisting-notice
They still have a cute WEBSITE!! (And Real Estate is indeed STILL 'trending', ya know --- but maybe not as trending as DELISTING NOTICES??)
https://ohmyhome.com/en-sg/
And lasting, they are on this fun daily After Market list too ---
https://marketchameleon.com/Reports/AfterHoursTrading

Oh no

OMH new 52 lo

oh well, next, lol

last time it shows that it …..

….

ran, dipped, ran more. so im hopeful. i got in late, but im hopeful just the same.

it ran today from about 1 to 7 bucks, maybe tomorrow from 2 to 10? lets see.

2.05 I thought it would go up, but it ran out of gas. This is the front load pump and dump.

sounds good to me!

Long- Lets see tomorrow, maybe again 100%

oh well, im holding til tomorrow, lets see what she does.

it moved like this in may, then took off.

lots of buys coming in now. i figured it would go up finally.

hmmm, lets see.

Out 2.60

Just bought. 2.65

it wants to goooo!!!

this stock is getting……

….

no love from ihub but it appears its going to move up. just the way its trading.

Thanks gail. Been up since 4amEST looking for the BS. Take good care!

lol, well, i wish you all the best.

I'm out at $6:75 gail. I was contemplating getting back in under $2.80 but there are so many other POS P&Ds to buy. :)

hi subs,, it appears this one …….

…

ran huge back. last may/june area. today is the biggest volume in its history so far. so, im curious what it will do.

Hey VinnyVega, it's a pure P&D, and maybe a round 2 pump on the way? :)

$OMH so more bagholders can get in for tomorrows .95 offering.

https://www.sec.gov/Archives/edgar/data/1944902/000149315224004993/formf-1a.htm

$TOP pumped up the same way.

CHINESE SCAMS

Thanks Sub. Didn’t know if this was a takeover bid.

I'm sure the Company will tell you it was a delayed reaction from their 2/8/24 news.

Ohmyhome Announces Growth Updates Following Successful Acquisition of Property Management Business Simply Sakal
Units under management reached 6,746 units, with an Annual Recurring Revenue (ARR) of over $2.7 million (SGD 3.6 million), and additional SaaS revenue streams.
Singapore, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Ohmyhome Ltd. (NASDAQ: OMH, “Ohmyhome”), a one-stop-shop property technology platform providing end-to-end property solutions and services to buy, sell, rent, and renovate homes, as well as property management services for condominiums in Singapore, is pleased to announce significant developments and milestones following its acquisition of Simply Sakal Pte. Ltd.

Simply Sakal Pte. Ltd. is now renamed as Ohmyhome Property Management further enhancing the one-stop brand of Ohmyhome.

This strategic transaction has not only expanded Ohmyhome's service offerings to include a non-cyclical recurring revenue stream, but also established a strong position in the condominium property management sector in Singapore with close to 6,800 units under management and an ARR reaching $2.7 million (SGD 3.6 million) on December 31, 2023. The condominiums are across various districts in Singapore with sizes ranging from 10 to over 700 units per project.

The property management business has historically grown its business at 57% CAGR (Compound Annual Growth Rate), achieving revenue of $2.0 million (SGD 2.6 million) in 2022 with 4,648 units under management.

Integration and Potential Synergies

Ohmyhome’s suite of services are now fully integrated and accessible in the Simple App, the property management mobile application used by the homeowners and residents of the units managed by Ohmyhome Property Management. In addition to the property management revenue stream to Ohmyhome as a combined entity, there are also significant potential synergies arising from the customers residing in the condominium units.

https://ml.globenewswire.com/Resource/Download/c06651b3-8f23-447e-ba06-7d053b1d8d61/image2.png

Simple App with Ohmyhome’s Services Integrated

Historically, Ohmyhome has primarily been active in the Housing Development Board (HDB) resale market where home values are around $0.3 to 0.8 million, with average revenue per transaction at around $4,000 at 1% commission. The integration allows Ohmyhome to quickly enter into the private condominium market where home values in Singapore typically range from $1 to 2.5 million and a revenue per transaction that would be 2 to 5 times higher ranging from $10,000 to $25,000. This would result in a lower cost of customer acquisition as compared to other agents as Ohmyhome is now seen in the daily life of the residents of the enclosed condominium communities. Renovation contracts for private condominium renovation ($40,000 - 80,000) are also typically higher than HDB flats ($20,000 - 50,000).

https://ml.globenewswire.com/Resource/Download/efd53389-727e-4d61-882d-d31c83c6a051/image3.png

Kenneth Chong, CEO of Ohmyhome Property Management (Left) with Race Wong and Rhonda Wong, Co-founders of Ohmyhome (Right)

Following the acquisition, Ohmyhome Property Management has relocated its office to merge with Ohmyhome's headquarters at 11 Lor 3 Toa Payoh, Jackson Square Block B #04-17, Proptech Innovation Centre, Singapore 319579. This creates cost synergies through the consolidation of office spaces as well as back-office functions, which streamlines operations and enhances efficiency across both companies.

New Revenue Streams and IoT Integrations

To redefine property management, Ohmyhome Property Management has also introduced Vehicle Management Systems for condominiums as a new Software-as-a-Service (SaaS) revenue source in Q4 2023 through the integration of Internet of Things (IoT) solutions. We believe this new service, focusing on resident and visitor vehicle management on a subscription model, represents a leap forward in enhancing property security and efficiency.

https://ml.globenewswire.com/Resource/Download/00ff815d-9eac-4fa5-8a09-11389b62eb66/image4.png

Illustration of Ohmyhome Property Management’s Vehicle Management System

The IoT solutions streamline vehicle entry and exit processes, allowing for pre-registered vehicles to enter and exit the estates freely without the need for human security details. We believe this offers a modern, secure, and seamless experience for both residents and property managers, and leads to savings for the Management Corporation Strata Titles (MCSTs), and further solidifies Ohmyhome Property Management as an industry leader in bringing technology to property management, where the industry is mostly paper-based and manpower intensive. As a technology player in the property management industry, Ohmyhome Property Management has the capability to integrate additional IoT solutions and services beyond its current functionalities to provide more convenience to the residents.

A Property SuperApp and Expected Growth Ahead

This post-acquisition phase marks the beginning of a new era for Ohmyhome, further propelling the growth of the combined company to become a property SuperApp. With a combined portfolio of services and customers, we believe the Company is set to deliver value and service to its clients, and additional growth curves from the ever expanding customer base of homeowners and home seekers.

Rhonda Wong, CEO and Co-founder of Ohmyhome, stated “We are extremely excited about the opportunities ahead of us with the successful integration of our new property management arm headed by a talented and dedicated team of seasoned professionals.”

About Ohmyhome

Ohmyhome is a one-stop-shop property technology platform in Singapore that provides end-to-end property solutions and services to buy, sell, rent, and renovate homes, as well as property management services for condominiums in Singapore. Since its launch in 2016, Ohmyhome has transacted over 14,500 properties, and has over 5,800 units under management as of June 30, 2023. It is also the highest-rated property transaction platform, with more than 8,000 genuine reviews, and an average rating of 4.9 out of 5 stars.

Ohmyhome is dedicated to bringing speed, ease, and reliability to property-related services and to becoming the most trusted and comprehensive property solution for everyone.

For more information, visit: https://ohmyhome.com/en-sg/

Safe Harbor Statement

This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made fr

Why is this moving?

I’m loaded here from low 4’s -praying we break $6

and she’s off to the races.

grabbed a few on premarket dip. hi all.

Hail Mary

Sweet Baby Jesus!!!!!!

Has traded more than its outstanding shares!!!!!!!!

Right. OMH CHSN

Sick moves anticipated.

mb

Oh my

I should have bought OMH DIP 2.70-3

instead I bought PTPI dip like a dipchit

And the volume is INSANE for so early in the morning! :)

OMG! OMH

Another Singapore runner!

Big reward incoming

Feel it...

and then they blocked with fat walls but its looking like a nice run coming

here we goooo!!

it appears it ran like crazy in …

…

may/june and its acting like it may do it again.

Back to 5

moving back up after hours.