ILU - Iluka Resources

[AnalysisParalysis]

Hi all,

My first post. I'm after some views on ILU, as I'm holding at a loss at the moment. I actually renewed a sell order the other day, but didn't realise I had pressed the wrong button, and got landed with another lot of shares.

The reason I bought a few weeks back is because of the big volume spikes. Learning, learning...

One thing I have noticed since following the stock is that there are orders of 100 000 shares on both sides, at increments of 5 cents. They've been there for a few weeks, and move around as the stock price changes. Any more experienced traders have any knowledge on this stock, or these big orders?

Thanks.

 

[Freeballinginawetsuit]

Lets face it ILU aren't sexy neither is mineral sands, SP appreciation is Zippo, all within a commodities boom..........disappointing. Dividends are crap also....when their are some!.

That said you can trade the spikes at times and they do have them, just hard to pick an entry........and they are a blue chip.

Not sure on the depth question could be someone trying to fake sell pressure and flush the punters to his bid in the depth. Decent size holder though.... I mean why bother, ILU are at rock bottom ATM, lowest they have been for a year.

 

[AnalysisParalysis]

Yeah, weird. One thing I can see though is that there may be "support" at 4.50, because that's the lowest bid.

 

[pacer]

Could be forming a double bottom....and at these prices it's looking like a bargain....lotta people bailed out lately...fear gottem, greed will put me in I think....I'll have a look for a small amount and hope it is a double bottom.

 

[Freeballinginawetsuit]

Not sure about the bargain pacer.....net debt for ILU is on the up, their paying divvy's from the "never, never!", and having problems squirming out of the Florida muck.

That said the Murray Basin will be a Company maker or sinker, the aforementioned seems more probable.

Took up a small entry this morning just after 11am.....like you said "the greed factor", but geez ILU are a poorly run mob .

 

[It's Snake Pliskin]

I closed my long yesterday.

 

[Freeballinginawetsuit]

I closed my long yesterday.

Yep their chart says it all, not a good year or two, for investors in ILU.

This is my first time on them.....see what pans out

 

[AnalysisParalysis]

Hi all,

This is from their website for those interested. Some interesting info. on their business, shows the uses of Zircon and so on. Some nice pie charts.

Ex-div. on 10th of April, 12 cents.

PDF Overview of Iluka

 

[CanOz]

Anybody like this setup? Seems reasonably low risk to me. Could this have been accumulation before the quick rise in price?

Cheers,

 

[Freeballinginawetsuit]

Record date soon, probably enticing a few!.... safe entry has been and gone IMO although it seems a short term base may have been found!.

ILU are cheap ATM, but thier not exactly an efficiently run Company

 

[Freeballinginawetsuit]

ILU should face a bit of resistance around $6ish, upcoming Divvy should see them nudge past IMO.

Can't see ILU testing support at $5.40ish again even after record date, all panned out O.K. , you still in Analysis?

 

[AnalysisParalysis]

Yep. I break even at 6.40.

 

[AnalysisParalysis]

It seems our friends with the big bankroll have vanished from M/D.

ILU have come back a bit lately, it's great to see them above $6. Yesterday's volume was nice and juicy, let's see where it goes from here.

Freeball, what say ye? $6 support?

 

[somesortoftrader]

Hi guys,

I'm holding a breakeven point of $6.40 also.

For what its worth I live in Hamilton (Murray Basin area) where the MSP is located, and its happening!!! The stuff is coming out out of the plant and making its way to the port! (ie. Portland)

wont be long (I hope) before this starts to appear as dollars for the Co.

 

[Uncle Festivus]

Looks like Iluka may be about to move. The turnaround may have started last Friday with good volume day and well supported since, up 2.5% today. Take over candidate once more?

 

[reece55]

Looks like Iluka may be about to move. The turnaround may have started last Friday with good volume day and well supported since, up 2.5% today. Take over candidate once more?

Yep, it was only a matter of time with this one.

Have we broken the down trend channel that has been in place for a long long time - I think so. Look at the substantial shareholder notices, accumulation by the smart money in droves....

Cheers
Reece

 

[reece55]

Anyone seen the pre-open numbers for ILU.....

I can see more than 500K volume bidding above 6.50, with minimal bidders meaning insto activity.......

What is going on??????

Cheers

 

[Uncle Festivus]

Anyone seen the pre-open numbers for ILU.....

I can see more than 500K volume bidding above 6.50, with minimal bidders meaning insto activity.......

What is going on??????

Cheers

Just normal market pre open auction. Up again today but formidable resistance @ 620 to get through.
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[reece55]

Cheers Fest, I don't have my level 2 market screen at home, as I have the kids to look after today (wifes sick!!).

Hopefully we will break that 6.20 level this morning, looking good so far. Next target for me from there would be about 6.48 at the 200d MA.

Cheers

 

[Uncle Festivus]

I was just reading a few of the announcements going back, and found one that stated earnings are dependant on the Aussie dollar remaining below 75c, & for every 1c rise the bottom line will be reduced by $8m. The dollar has gone up to 85 now, so does that mean they will be reporting a big fat zero for net profit?.