Hi Buddy,Not holding this one but posting out of respect.C&P.....

Hi Buddy,

Not holding this one but posting out of respect.

C&P.. company activities.

Imdex Limited (IMD) is an industrial company whose core business is providing drilling products and services. Based in Western Australia, the company has two main operating divisions which provide drilling fluids and down hole instrumentation to many industries which include; Mining, Oil & Gas, Water Well and Civil Engineering. The company has a presence throughout Australia and is also expanding internationally.

1/2 yearly NPAT C2Mil.
Ceased last div.
Market cap C 125Mil
PPT bought in C 6.12% recently (giving indicators a boost)
30% Performance rights due Aug 2010.

My read is S/T weakness but looks OK on pullback.

Moreover I'll repeat comments made on similar coys.

The energy services had a tough trot GFC and 1/2 yearly reflects this. No stimulus for these guys.
Given the AOE Shell interest and negative sentiment 1/2 yearly's surrounding these coy's these are the opportunity's that represent themselves as good buying opportunity IMO.

ATM I have some cash ready for either WOW & QBE.

-ENDS-

Love your work and thanks for your efforts.
Hope this helps.

Asked DMC to buy you a beer at B3. Was a toss up who laughed loudest when he said he was staying at the backpackers...Big time fund manager and all...

Final note: HC rampers usually receive thumbs while subjective opinions are dismissed, that's a clue on how the market works.

Cheers Rob.