I was curious to see the open on this deal in case there was some rumour or scuttlebutt about the deal - but not really a surprising open.
IMD should be highly sought after. What better play on resources than exposure to the increasing intensity of drilling required per unit of resource output? Devico apparently has significantly better earnings margins than even Imdex had prior to the deal (based on the pres). So the higher multiple paid may have some in the market scratching their heads, but that would be a mistake IMO.
Imdex looks an even better business to me now. I'm glad they are focused on the right thing too. Very excited to have the impressive Devico team, products and IP joining up with Imdex.
- Forums
- ASX - By Stock
- IMD
- Ann: Equity Raise - Institutional Component Result
Ann: Equity Raise - Institutional Component Result, page-4
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IMD (ASX) to my watchlist
|
|||||
Last
$2.19 |
Change
-0.020(0.90%) |
Mkt cap ! $1.120B |
Open | High | Low | Value | Volume |
$2.17 | $2.21 | $2.15 | $2.061M | 943.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2177 | $2.17 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.20 | 14594 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2177 | 2.170 |
2 | 8757 | 2.160 |
2 | 8757 | 2.150 |
1 | 1839 | 2.140 |
1 | 1839 | 2.130 |
Price($) | Vol. | No. |
---|---|---|
2.200 | 14594 | 2 |
2.210 | 6594 | 1 |
2.230 | 2163 | 1 |
2.240 | 2163 | 1 |
2.250 | 2163 | 1 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
Featured News
IMD (ASX) Chart |