IMD - Imdex Limited

divs4ever said:

IMDEX LIMITED (ASX:IMD) – ANNOUNCEMENT OF ENTITLEMENT OFFER
On Thursday, 19 January 2023, IMDEX Limited (ABN 78 008 947 813) (IMDEX) announced a fully
underwritten pro-rata accelerated non-renounceable entitlement offer of new IMDEX shares (New
Shares) to raise approximately A$146 million (Entitlement Offer). The Entitlement Offer comprises an
offer to both eligible institutional shareholders and eligible retail shareholders (Eligible Retail
Shareholders) to participate.
The Company is also undertaking a fully underwritten institutional placement to sophisticated and
professional investors to raise A$75 million and a non-underwritten conditional placement to certain
IMDEX directors and management (subject to shareholder approval) to raise approximately A$3
million (together, with the Entitlement Offer, the Equity Raising).
If you are an Eligible Retail Shareholder, you will be able to subscribe for 1 New Share for every 6
existing IMDEX fully paid ordinary shares held on the Record Date of 7:00pm (Sydney time) on
Monday, 23 January 2023 (Entitlement) at the offer price of A$2.20 per New Share (Offer Price)
(Retail Entitlement Offer). Fractional Entitlements will be rounded up to the nearest whole number of
New Shares.
New Shares issued under the Equity Raising will be fully paid and rank equally with existing IMDEX
ordinary shares from the date of issue.
The Retail Entitlement Offer opens on Friday, 27 January 2023 and will close at 5:00pm (Sydney
time) on Tuesday, 7 February 2023.
From 9:00am (Sydney time) on Friday, 27 January 2023, Eligible Retail Shareholders will be able to
access the Retail Offer Booklet (setting out full details of the Retail Entitlement Offer) and a
personalised Entitlement and Acceptance Form online at www.computersharecas.com.au/imdexoffer.
In addition, on Friday, 27 January 2023, Eligible Retail Shareholders will be sent notification by post or
email (where they have elected to receive electronic communications) advising them that the
Entitlement Offer is open, and the Retail Offer Booklet and their personalised Entitlement and
Acceptance Form are available to view online at www.computersharecas.com.au/imdexoffer.
IMD
MR SAM SAMPLE
FLAT 123
123 SAMPLE STREET
THE SAMPLE HILL
SAMPLE ESTATE
SAMPLEVILLE VIC 3030
Samples/000001/000001
*L000001*
page | 2
Entitlements may have value, so please ensure you carefully review the Retail Offer Booklet
and Entitlement and Acceptance Form as you will be asked to select whether to take up your
Entitlement fully or in part, or to do nothing and allow your Entitlement to lapse.
If you do not take up your Entitlement in full, you will not receive any payment or value for
those Entitlements not taken up and your percentage shareholding in IMDEX will be reduced.
If you take up your Entitlement in full, you may also apply for additional New Shares over and
above your Entitlement under a top-up facility, subject to scale back pro rata to shareholdings.
Further details of the Entitlement Offer are available in the announcements provided to ASX on
Thursday, 19 January 2023 and online at www.imdexlimited.com/investors/asx-announcements.
Further Information
If you have any queries regarding the Retail Entitlement Offer, please contact your professional
adviser or please call the information line on 1300 850 505 (within Australia) or +61 3 9415 4000
(outside Australia) between 8:30am and 5:00pm (Sydney time) on Monday to Friday during the Retail
Entitlement Offer period. For other questions, you should consult your broker, solicitor, accountant,
financial adviser or other professional adviser.

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DYOR

i hold IMD ( 'free-carried ' )

at a quick glance , ( i will think more about over the weekend ) i will probably pass up this offer

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rcw1 said:

A very good morning divs4ever,

Sun is up time to dry equipment and stuff after a week or so of heavy rain...

Back to business, know nothing about IMD but might take a peak at it, concerned about this though,
"... to sophisticated and professional investors to raise A$75 million ..."

Sophisticated !!! kinda rules rcw1 out ha ha ha ha ha ha ha ha;
rcw1 just a regular straight arrow... no sophistication whatsoever ha ha ha ha

Have a great day divs4ever.

Kind regards
rcw1

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sptrawler said:

I missed this run, but a great little company.

Guess I will have to wait until the next mining downturn.

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sptrawler said:

Wow 5 bagger in one hit.
$2.58 not $12.58, smelling salts for holders that passed out. Lol

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sptrawler said:

which is dependent on demand

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JohnDe said:

I put this in my watch list, at ridiculously low notification prices. Today they're all going off, but I'm not keen anymore.


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finicky said:

If you buy into the notion that they have growth ahead from their acquisitions and that this year was depressed by costs of acquisition and integration as well as an unrelated litigation significant item - if you buy into that, then it seems like it is languishing around fair value to me. But you'd also need to accept the 'normalised' accounting tricks. E.G their 'normalised ROE for FY23 is 12%; just primitively that's worth a bit better than 2x book value to me. FY22 BV = 0.74, so around 1.50 s.p seems ok to me. I like the idea of the business - technology imbedded in the mineral resources industry - but it's been a very unsatisfying as a stock to hold.

The chart, especially the LT chart, strikes me as a stand aside until there's a good sign. A long term chart shows some deep bear markets in IMD. I'll pick ~1.40 as likely before a possible short term rally, just a guess.
I was surprised to see that institutional ownership of IMD is so high - 85%

Held

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