In response to your query imaginator, ive had this stock for about the same period as yourself, and have kept a close but un-informed on eye on it. I havent seen much in the way of discussion in this forum to explain the sudden price fluctuations (often positive) at times without any reporting and then other periods of positive reporting without any change in price at all.
In saying this the company seems to doing all the right things and the price has eventually got round to reflecting this. So hard to say whether its more complicated than that..? Sure it probably is.
At 0.725 on the back of a good AGM today. A smart acquisition with the available cash could really propel this along now. That dollar that someone was waving around a few months back just might be possible?
Business Description
Industrea Ltd (IDL) (formerly GPS Online Limited (GPO)) is headquartered in Queensland, Australia and comprises a group of companies primarily involved in the provision of mining products & services, with diversified revenue streams arising from construction, asset management and engineering services. The company also acts as distributor for global mining suppliers Sandvik Voist Alpine (Scandinavia), Tagor (Poland) and is the Queensland and Northern Territory integration partner for US based National Instruments. Industrea group offices are also located in Sydney, the Hunter Valley, NSW and Beijing.
Company Strategy
Industrea commits to continue growth in both domestically and international markets through continued strategic acquisitions, generic growth, international marketing and economies of scale. The company pursuit the growth strategy via a numbers of initiatives such as realignment of existing GPS Online structure to business unit model; align cost structure and top line revenue; acquisitions of businesses that are profitable and synergistic; integration of latest acquisitions onto single operational and financial platform; streamlining operational and customer service processes including self-help tutorials and automation. Industrea reported NPAT of $19.33m for the year ended 30 June 2007. Revenues from ordinary activities were $65.38m. Diluted EPS was 3.11 cents compared to 0.006 cents last year. The net operating cash inflow was $5.72m compared to an outflow of $59,000 in the pcp. The maiden final dividend declared was 0.30 cents. The results reflected organic growth with an expanding range of products and services, judicious acquisitions which are EPS positive, and growing export revenues with a heavy bias toward China have produced an exceptional year for Industrea. 45 per cent of revenue was derived from China and expects this dynamic market to be a continued growth engine for Industrea.
http://www.industrea.com.au/html/news/2008/Industrea2008_UBS Investment Research.pdf
The UBS report on Industrea's website has a target price after the Huddy's aquisition of 80c, happy to stick this one out and keep accumulating at these prices, bargain IMHO
Well, I find most broker price targets are way too high! Sometimes double!
Watch out for a fall in global indicies, wont matter what this company does, it will still take a hit!
If you want to accumulate at these prices, make sure you set stops!
The problem with your analysis MRC is that IDL is not exposed to gold in any serious way.
Sorry MRC.
I really need to get new glasses - global/gold, bloody hell.
If I had any free cash at the moment, I would throw it in this direction!
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