somehow I think explosives used for mining have a much more substantial impact on earnings than a few quarries used for housing... the recent uplift in coal prices would have a much bigger impact, particularly for Dyno in the US with significant sales dedicated to East Coast coal mines.
My view is that IPL's SP is linked/correlated to overall commodity prices, both hard & soft. If you expect commodity prices to increase on a medium to longer term basis, globally, then you would have a position in IPL to leverage the subsequent changes in commodity volumes. But then again Macquarie have much more higher paid analysts, so I am mostly likely wrong ;-)
latest rating by macquarie , page-2
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Last
$2.89 |
Change
0.030(1.05%) |
Mkt cap ! $5.613B | |||
| Open | High | Low | Value | Volume |
| $2.87 | $2.91 | $2.87 | $3.398M | 1.174M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 107599 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 61242 | 62 |
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| Last trade - 12.27pm 07/08/2024 (20 minute delay) ? |
| IPL (ASX) Chart |