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IMD - Imdex Limited

Discussion in 'Stocks I-P' started by drmb, Jan 27, 2007.

  1. drmb

    drmb

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    I hold Imdex which is a company supplies mining/resource related equipment such as "Drilling Products and Services company, dedicated to becoming a significant global player in supplying Drilling Products and Services to the Mining, Oil and Gas, Water well, Horizontal Directional Drilling and Civil industries." etc more on http://www.imdex.com.au/

    Has a nice chart and pays (small) div. From www.getapgraph.com rather machine-like descirption as follows:

    SHORT TERM COMMENTARY:
    IMDEX LIMITED [Thursday 25 Jan. 2007]: fell by -1.09% last day from AUD 0.92 to AUD 0.91. . In the last 10 days the price of IMDEX LIMITED has been rising in a total of 6 out of 10 days, and is up by 8.33% over the past 2 weeks. Volume fell last day along with the stock which actually is a good sign as volume should follow the stock. Last day the tradingvolume fell by -1 653 921 shares and in total there was bought and sold 656 560 shares for approx. AUD 597 470.

    3 MONTH TREND
    IMDEX LIMITED lays the middle of a wide and strong rising trend on short term and further rise within the trend is signalized. Given the current short term trend the stock is expected to rise 20.1% during the next 3 months and with 90% probability hold a price between AUD 0.97 and AUD 1.15 at the end of this period.
    Support/Resistance
    Support 1: AUD 0.90 Resistance 1: AUD 0.91
    Support 2: AUD 0.87 Resistance 2: AUD 0.92
    Support 3: AUD 0.79 Resistance 3: AUD 0.93
     
  2. mmmmining

    mmmmining

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    Re: IMD

    A correction is due. $0.80-0.85 should be a good entry point.
     
  3. drmb

    drmb

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    Re: IMD

    Yup, if it moves below 0.85 I'll top up again.
     

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  4. mmmmining

    mmmmining

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    Re: IMD

    I did not get chance to do it and totally forget about this one. But I managed to get some a few days ago after the placement. The SP recovered well.

    This company might ride the resources boom better that resources stock, with at least above average performance. But the ride might be much enjoyable.
     
  5. UraniumLover

    UraniumLover

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    I bought some of these today. Had a strong buy in the Fin recently and after looking at the graph which hardly had a dent feb correction and good growth rate looks impressive. Supporting the mining industry which will remain strong for a while so safe. Should fit in nicely with BKN. Not bad for a non uranium share.
     
  6. Serpie

    Serpie

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    Got in a few weeks ago at $1.11 for exactly the same reasons UL.
    If only they were all this easy!
    Long may the current trend continue.
     
  7. UraniumLover

    UraniumLover

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    Yes. Too easy. I don't even worry about shares like bkn and imd. Have far more worries over shares like pnn, mtn, wmt etc due to volatility.
    Companies that provide services to mining industry are great.
    Anyone know of any others that fit in this category and have just as impressive graphs and growth rates? I want in :blover: imd bkn ... :blover:
     
  8. Serpie

    Serpie

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    UL,

    Hadn't heard of BKN, but had a quick look, and looks pretty good. Current chart looks like one of those "golden crossing" thingys, so might be a good couple of weeks ahead.

    Another solid day for IMD. I'll take 1-2% per day all year long thanks.
     
  9. imajica

    imajica

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    check out WDS - Walter Diversified Services

    listed late last year at $1.50 and now at $2.29

    services the mining industry

    no rapid gains just nice steady rise over a few months

    Note: I don't hold but would if I had any spare cash
     
  10. Serpie

    Serpie

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    Cheers Imajica,

    I've started looking at WDS after it's coverage in the last couple of issues of Smart Investor. They seem to like it.

    Look to be similar in sector and peformance to IMD, and have the added advantage of activity in the irrigation field.
     
  11. UraniumLover

    UraniumLover

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    MND and TSE. Fund Managers love these two shares from my research.
    Looking at the graphs, they're outstanding. Both making excellent profits and are diversified within mining industy and other similar industries as well
    Hard to go past them.
     
  12. Serpie

    Serpie

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    Cheers UL,
    Will check them out.
     
  13. imajica

    imajica

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    On 11 May 2007 ANZ Banking Group Limited took a stake of 5.07%.
    On the same day ING Australia Holdings took a 5.03 %.
    On THE SAME DAY IMD picked up a huge Canadian Patent.

    large insto interest in IMD

    read their latest report - each quarter they keep increasing revenue and profit

    a solid growth stock which is reaping the rewards of the mining boom

    as always DYOR
     
  14. drmb

    drmb

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    Ann - ANZ ceased to be substantial sharholder. However, doesn't seem to have affected sp 12:26 Sydney Time, Thursday, 17 May 2007 IMD 1.580 1.595 1.580 +0.040 1.560 1.630 1.540 235,407
    I hold very happily in my smsf
     
  15. drmb

    drmb

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    I should clarify post above since I should have added that ANZ actually did not sell any shares because it was made aware 14/05/2007 that the IMD increased issued shares by 9 mil 07/05/2007, which resulted in ANZ ceasing to be a substantial holder. IMD finshed today up 0.10 at 1.640. It forms a nice trifecta with TRS and TCQ
     

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  16. pedro64

    pedro64

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  17. drmb

    drmb

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    IMD seems down with no news! From high of 1.68 in late May now seems to be barely able to hold 1.20. Any tech analysis would be appreciated
    IMD 1.200 1.215 1.200 -0.090 1.210 1.240 1.150 598,720
     
  18. Lachlan6

    Lachlan6

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    Gday drmb. Was listening to the audio Boardroom and came across (IMD). Like this from both a fundamental and technical position currently. I will enter if it can break through that 50% level shown around $1.32. Possibly completed a wave 4 corrective phase, and now look for a new impulsive wave up which would be shown with 5 subdivided waves. Very good opportunity at these levels it seems.
     

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  19. drmb

    drmb

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    Thanks for the post, it is very reassuring. I held all the way down and was going to top up again but was a bit wussy, but have been buying in since 90c. I thought that the recent report was good. Broker's report here if interested http://www.imdex.com.au/default.asp?V_DOC_ID=941 amd excerpt attached
     

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  20. drmb

    drmb

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    Don't have the charting skills but it seems to be going in the right direction.

    Near to close today was up about 4c (after auction up 5.5c to 1.52)
     

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