Australian (ASX) Stock Market Forum

IMD - Imdex Limited

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.

Lachlan - not sure if you followed up on this one. It now has taken out 1.60 again with a few good trading days closing today 1.640 up +0.120 with vol 829,056, this on news of global alliance with Sandvik, "significant revenue increases" (does that mean profit?)

Ann -----

IMDEX FORMS GLOBAL ALLIANCE WITH SANDVIK MINING AND CONSTRUCTION
Statement by I F Burston, Chairman, Imdex Limited Imdex Limited (Imdex)(ASX Code: IMD) is pleased to announce that it has executed a major global distribution agreement with Sandvik Mining and Construction, a division of the Sandvik Group (www.sandvik.com) for the supply of down hole instrumentation and drilling fluids & chemicals.
This distribution agreement will generate significant revenue over a number of years and augments the strategy of ensuring Imdex becomes a significant global company in providing products and services to the mineral, energy, water well and civil industries.
Sandvik is a world-leading provider of equipment and solutions for mineral exploration, underground mining, surface mining and specific areas of the construction industry such as quarrying and tunneling. Today, Sandvik Mining and Construction employs over 12,000
employees in 130 countries.
The alliance agreement is also further evidence of Imdex’s market leading technology, particularly in the down hole instrumentation area. The acquisitions of Reflex, Chardec and Flexit and a commitment to ongoing research and development will further add to Imdex’s market leadership in technology for the minerals, energy, water well and civil industries
globally.
 

Attachments

  • imd.jpg
    imd.jpg
    46.6 KB · Views: 199
Not too sure if it is correk etikit to post to yourself. Oh well! This is one of my most consistent performers in my SMSF, with 52 week 0.68 to 1.755. Now trading at all time high. I know I am overweight with this at 14%+ in my shares portfolio but it just keeps going up! Check out the MACD, look at the RSI!!! DYOR of course.:D
 

Attachments

  • imd.gif
    imd.gif
    22.1 KB · Views: 188
IMD is going really strong!!
up 5.7% again today!! All time high...
Ex Div date is on Monday 15th will we see a pull back???
 
IMD is going really strong!! up 5.7% again today!! All time high... Ex Div date is on Monday 15th will we see a pull back???

No pull back.. Clossed 1.99 up 0.125 which is +6.7%. The market likes the AGM report, and the announcements it would seem.
 
No pull back.. Clossed 1.99 up 0.125 which is +6.7%. The market likes the AGM report, and the announcements it would seem.

Very very happy with this one.. looks like a fantastic run even after EX DIV. Great long term hold, it has just been going up up and up...

*holder of IMD

Cheers,

Hypnotic
 
These guys seem to be parabolic except it keeps on going. closed today at 2.17 up 0.170 (+8.50%) on news of another aquisition. That's nearly 100% in 8 or so weeks. I hold in SMSF - would like chartists views please, thanks.
 
Hi all,

Just wondering of peoples thoughts on Imdex? Should they be sitting at these levels for much longer? Can much be expected in the next 2 years? (I have held a small parcel of shares for sometime now and don't think it would be worth selling).

Thanks.
 
This thread is a longer for 10 months
Any one here to give some heads up on 46% loss by the company. THe presentation is sugar coated as if investors are real stupid to see thy may be having some deal

DNH and currently searching for information
Ian Burston resigned - bad sign
 
Very quiet thread. IMD has been in a nice trend for the last few months.

I thought today's announcement of an acquisition might have put a dampener on things. Instead its up 6.5% at present. Can't figure that, but I'm holding so not unhappy.
 
Following and holding it. Been running on its 52 week highs for the past couple of days and risen 7%. Really like the look of them and they have some great prospects. Few brokers are saying it will go to around $2.60 at the moment.
 
Anyone with any idea re the big SP jump today?
Been O/s a while and have held this since <$1 even through GFC in my smsf. Any gurus out there know why it has gone up 30% this year? Can it because of expression of confidence in SEH?
 
They are leveraged to exploration expenditure, putting them at the front of the development curve. Small to mid cap miners have accounted for around 50% of global mineral exploration expenditure in recent years, but juniors are highly dependent on equity markets to raise funding. Given the current climat it is reasonable to expect exploration expenditure to come under pressure given recent equity market volatility. Despite this, in our view, they are moderately oversold and we see some upside from current levels. IMD has a strong pipeline of new products, which we expect will help cushion some of the impact of a downturn in exploration spend. However, the full impact of these new products will not be felt until 2H13.
 
After a pretty poor 1.5 yrs for IMD investors price seems to be forming a bottom reversal setup.

I read that management is trying to diversify into the oil/gas sector after experiencing significant reduction in revenues from their mining services.

The weekly chart (not shown) is in a down trend but a reversal 123L pattern has formed.
The daily chart shows that price is near a prior high and that demand is accumulating (indicated by a rising TMF).
Break out traders may like to place this one in their watch lists.

p1imd2609.png
 
After a pretty poor 1.5 yrs for IMD investors price seems to be forming a bottom reversal setup.

I read that management is trying to diversify into the oil/gas sector after experiencing significant reduction in revenues from their mining services.

The weekly chart (not shown) is in a down trend but a reversal 123L pattern has formed.
The daily chart shows that price is near a prior high and that demand is accumulating (indicated by a rising TMF).
Break out traders may like to place this one in their watch lists.

Nice chart. Thanks for sharing.
 
Top