Mate looks horrible, I did a mass exit of all mining service plays a while back, based on the string of downgrades coming out of the sector.
The only thing I have left is HDX (with a reduced position and I guess SCD (but its a different story).
The only thing on my buy radar is LCM, which I was lucky enough to exit above my target price of $2.00. Looking for a sign of renewed interest before jumping back in.
That revenue target looks horrible here, looks like no new revenue outside of what was already contracted. I wonder what happens next year?????
I am treading very carefully in this market. The only fresh buys I have done recently are a couple of pre-agm punts, but I feel like all value has evaporated.
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