Hi Folks
Any sight of the IMA shipments scheduled for IMA in July
Petra has taken a more bullish stance following June shipments
ImageResources NL (IMA) - Upgrading sales – 2 shipments expected in June We haveupgraded our 2020 HMC sales estimates by 5% to 265kt following the review ofport data implying IMA completed two shipments in the month of June. Anadditional 11kt shipment makes a meaningful 10% improvement to our 2020 NPATand, in our view, will help alleviate market concerns around IMA’s ability todeliver sales guidance of 300-330kt of HMC. IMA is oversold both on afundamental basis, trading at 0.6x P/NPV and a peer relative basis, with thestock down 40% YTD vs. peers down 11-13% (Figure 1). An improving sales outlookwill be a material catalyst for re-rating, with our expectation for 1-2 yearsof mine life growth in 2H 2020 to increase both value and investor confidence.We reiterate our Buy recommendation with 67% upside to our A$0.25/sh pricetarget.
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Hi Folks Any sight of the IMA shipments scheduled for IMA in...
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Last
7.4¢ |
Change
0.001(1.37%) |
Mkt cap ! $83.10M |
Open | High | Low | Value | Volume |
7.4¢ | 7.4¢ | 7.3¢ | $8.577K | 117.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 156173 | 7.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.8¢ | 49297 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 156173 | 0.073 |
3 | 67000 | 0.072 |
2 | 155000 | 0.071 |
4 | 184220 | 0.070 |
1 | 10000 | 0.069 |
Price($) | Vol. | No. |
---|---|---|
0.078 | 49297 | 1 |
0.079 | 55889 | 2 |
0.080 | 92129 | 2 |
0.081 | 4240 | 1 |
0.084 | 37500 | 1 |
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