If you have a look at the Ord report on the IDL website, they seem to be still very optimistic with regards IDL and a DCF valuation revised up to .93c
http://www.industrea.com.au/html/news/2008/Industrea2008_IDL Update Note 04062008.pdf
IDL - Industrea Limited
- Thread starter daaussie
- Start date
If you have a look at the Ord report on the IDL website, they seem to be still very optimistic with regards IDL and a DCF valuation revised up to .93chttp://www.industrea.com.au/html/news/2008/Industrea2008_IDL Update Note 04062008.pdf
is any1 still holding this?
ive been holding for over a month
lots of sideways movement, fall asleep watching it.
ann released about deal with bhp and the market doesnt react until day close for a measly 4% rise which retracted back the next day
good rise today tho, will it hold this time.
ive been holding for over a month
lots of sideways movement, fall asleep watching it.
ann released about deal with bhp and the market doesnt react until day close for a measly 4% rise which retracted back the next day
good rise today tho, will it hold this time.
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From FN Arena yesterday;
Cheers,
Kenny
PS I don't hold IDL presently. (short post restrictions drive me to distraction)
Cheers,
Kenny
PS I don't hold IDL presently. (short post restrictions drive me to distraction)
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The IDL SPP is now closed and shares will be allotted on 15 October. The share price has held up nicely during the SPP process and is 0.455 at the moment.
The issue price will probably come in between 40 and 41 cents. My guess is that they will have been eagerly sought after and that bids will be scaled back. I applied for around 25,000 ($10,000).
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The Industrea share purchase plan closed oversubscribed, but the company decided to accept the excess subscriptions. So it appears subscribers will be allotted what they asked for at the price of .4092c per share.
The shares are presently trading at .465c.
The shares are presently trading at .465c.
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From THE BULL 9/11. This stock is one of my favourites.
Industrea Ltd (IDL)
According to Dominic Rose analyst with Fosters Stockbroking, Industrea - a global provider of integrated mining products and services is the best ASX industrial for leverage to Chinese growth.
In the first four months of financial year 2009, Industrea announced around $40 million of new product sales into China. Much of this was repeat business with Chinese mining majors for the company’s ‘best of breed’ IME underground longwall chock carriers, AMT directional drilling and methane gas drainage systems.
Efforts by the Chinese Government to drastically boost mine-site safety, says David Shearwood of Atom Funds Management also bodes well for the company’s GPS safety technology designed to track vehicles underground. He says what differentiates Industrea from traditional mining contractors is the repeat consumables revenue stream - now comprising around 20 percent of product sold through its China-based distribution arm.
Trading on a significant discount to its peers on a P/E of 8.2X, Shearwood says Industrea looks decidedly undervalued at current levels (42.5c), and expects it to gravitate slowly towards his target price of 90c over the next 12 months.
Industrea Ltd (IDL)
According to Dominic Rose analyst with Fosters Stockbroking, Industrea - a global provider of integrated mining products and services is the best ASX industrial for leverage to Chinese growth.
In the first four months of financial year 2009, Industrea announced around $40 million of new product sales into China. Much of this was repeat business with Chinese mining majors for the company’s ‘best of breed’ IME underground longwall chock carriers, AMT directional drilling and methane gas drainage systems.
Efforts by the Chinese Government to drastically boost mine-site safety, says David Shearwood of Atom Funds Management also bodes well for the company’s GPS safety technology designed to track vehicles underground. He says what differentiates Industrea from traditional mining contractors is the repeat consumables revenue stream - now comprising around 20 percent of product sold through its China-based distribution arm.
Trading on a significant discount to its peers on a P/E of 8.2X, Shearwood says Industrea looks decidedly undervalued at current levels (42.5c), and expects it to gravitate slowly towards his target price of 90c over the next 12 months.
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IMO this stock will never hit 0.90c!!! Analysts reports that put unrealistic valuations on this minnow are mostly from those with vested interests - UBS (advisor to the Huddys deal), Ord Minett and the like. China deals/contracts don`t have cash flow - all on the never never - small deposit - paid on delivery (up to 12 months later) and 10% holdback - which you kiss goodbye. That`s how China works.......Ah the perils of doing business in China.
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Tanked again down to $0.25 cents today and "they" say this is a $0.90 cent stock??? Might be time for some serious board changes me thinks!!! Earth to Insto`s!!!!
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CFO resigns - Graham Huddy (former owner of Huddys) left in end of June - IMO this joint needs a leadership refresh from the Board down!!!
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Its been reconstructed, trading as IDLDA at the moment and down today with most others.
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E-Trade is poop as-well cant trade it, can research it, cant do anything while it slides 5%...
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I hold IDL.
They seem to have underachieved of late. Maybe I have been stooged; I was extremely lucky to have sold them for more than 5x purchase price several years ago, and I bought them again at a low point before their reconstruction. I am ahead slightly and will continue to hold. Maybe they are just one of those stocks that more or less go sideways despite good news every now and then?
They seem to have underachieved of late. Maybe I have been stooged; I was extremely lucky to have sold them for more than 5x purchase price several years ago, and I bought them again at a low point before their reconstruction. I am ahead slightly and will continue to hold. Maybe they are just one of those stocks that more or less go sideways despite good news every now and then?
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...but maybe they have awoken at last!
They traded up 6.3% today.
They traded up 6.3% today.
skc
Goldmember
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GE is taking over these guys at $1.27 per share yet they don't necessarily want to buy their Mining Services (IMS) division... This means IDL is free to go shop for the division and if they can sell it for a higher price than the "Agreed Value", IDL share holders get to keep the difference. If IDL doesn't sell IMS at a higher price, GE will pick it up for $1.27 anyway.
Sounds like a free option!
Discl. Holding at $1.24.
Sounds like a free option!
Discl. Holding at $1.24.
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Looks like the market is pricing in the MS division sale at either a very low cents per share value, or a very low % expectancy of being sold.
As SKC has said, its alot like a free option...not much downside buying at a 2-3c discount to the offer...other than perhaps opportunity cost of deploying funds for a higher return elsewhere.
Any guestimates on value of IMS? or chance of sale?
As SKC has said, its alot like a free option...not much downside buying at a 2-3c discount to the offer...other than perhaps opportunity cost of deploying funds for a higher return elsewhere.
Any guestimates on value of IMS? or chance of sale?
