Cracking result, markets are timid if there is a small miss it will be beaten. I believe expectations on Earnings was supposed to be a bit higher then 44m. From what ive read, it was supposed to be tracking towards 46m but was a bit underwhelming.
However, the key thing for me in this report was to see if they can sustain a moderately high growth rate without stagnating revenues/profit. The blast dog contract gives me clarity that IMD revenue will be more reliable and I can sleep easier at night.
It was mentioned in the investor call in Q&A that July revenue growth for first month of FY23 was within the industry growth average of 5-15% from PCP. 1Q22 was 86.8m so with if this growth rate maintains its looking at between 358-392m rev. Analyst's assumptions stated FY23 would be around 356m. So if IMD maintain's July's number it is likely to see upgrades in analyst forecasts which already value it as a mid to high $2 stock.
Im confident this company will win in the move to an EV/green world with the good old picks and shovel approach
Good luck everyone i'm accumulating!
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News: IMD Imdex Ltd Says FY Net Profit Attributable Up 41.2% To A$44.7 Mln, page-6
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Last
$2.20 |
Change
0.040(1.85%) |
Mkt cap ! $1.126B |
Open | High | Low | Value | Volume |
$2.18 | $2.22 | $2.15 | $1.304M | 596.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 12342 | $2.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.21 | 14186 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 12342 | 2.180 |
1 | 6186 | 2.170 |
4 | 9721 | 2.160 |
1 | 1471 | 2.150 |
1 | 1131 | 2.140 |
Price($) | Vol. | No. |
---|---|---|
2.210 | 14186 | 2 |
2.220 | 7311 | 2 |
2.230 | 7358 | 2 |
2.240 | 1658 | 2 |
2.250 | 12689 | 5 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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