www.investsmart.com.au
Search
Imdex Limited (IMD)

Imdex Limited (IMD)

   Print

Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

Sign Up Today » it's FREE!

Already a member? Login now!

General Information
Company Name: Imdex Limited
Stock Code: IMD
Website: www.imdex.com.au
Market Cap ($M): 119
Equiv. Shares (M): 194

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.610 $ 0.620 $ 0.620 $ 0.605 $ 0.610 860,628 0%

Current Broker Consensus Recommendation more
Recommendation : Hold
Recommendation Date : 23rd Feb 2010
12 Month Target Price (average) : $1.005
Brokers Surveyed : 2

Market Statistics
% of Market: 0.0100
% of Sector: 0.0200
Sector: Materials
Industry Group: Materials
Industry: Metals & Mining

Company Overview
Company Overview
Imdex Limited (IMD) is a Perth-based company that provides drilling products and technical services to the mining industry in Australia and overseas. IMD provides drilling fluids, chemicals, tools and equipment as well as geophysical logging, surveying and steering services.
Company History
Imdex Limited listed on the ASX in December 2004. The company acquired Samchem Drilling Fluids & Chemicals Pty Ltd in August 2005.
Differentiating Factor
Australian Mud Company is a leading supplier of drilling fluids and chemicals in Australia. It holds a dominant position in the Australian mining and water-well market. Furthermore, the company has strong export ties to Africa, Asia and South America.
Major Customers & Competitors
With such a variety of services and products being offered, Imdex Limited has a vast client base in Australia and overseas, servicing more than 20 countries. Clients include major resources companies, including BHP Billiton, Newcrest, Anglogold and Rio Tinto. It competes against other companies offering similar drilling products and technical services.

Financial Summary
Year to Jun
 NPAT
Rep $M		 NPAT1
Adj $M		 EPS
c		 EPS chg
%		 PER
x		 PER rel
All Ords x		 PER rel
Sector x		 DPS
c		 Yield
%		 Franking
%		 ROE
%
2004A (3.7) 1.9 (3.0) n/a (20.2) n/a n/a 0.0 0.0 0 22.0
2005A 3.1 2.8 2.7 n/a 22.7 n/a n/a 0.0 0.0 0 40.2
2006A 8.0 6.1 5.9 121.0 10.3 n/a n/a 1.0 1.6 1 58.4
2007A 13.5 13.5 8.0 34.7 7.6 n/a n/a 1.5 2.5 1 30.0
2008A 32.0 21.1 16.4 104.8 3.7 n/a n/a 2.3 3.7 1 23.0
2009A 12.1 12.1 6.2 -62.0 9.8 n/a n/a 0.0 0.0 0 10.2
1NPAT is normalised by removing non-recurring items and goodwill. All the above statistics are derived from normalised earnings.

Peer Comparison
P/E (x) EPS Change (%) Dividend Yield (%)
Company Code Last Price Mkt Cap 07A 08F 07A 08F 07A 08F
BHP Billiton Limited BHP $42.85 $240,174M 15.6233 17.2899 -8.7477 -9.6393 2.7293 2.3375
Rio Tinto RIO $75.96 $148,722M 18.4997 14.7563 -49.7407 25.3676 0.6582 1.5233
OZ Minerals Limited OZL $1.19 $3,699M 38.4466 15.0975 9.9810 154.6597 0.0000 3.3755
Macarthur Coal Ltd MCC $11.86 $3,024M 18.8687 31.7231 161.4168 -40.5208 1.0961 1.4755
Imdex IMD $0.61 $119M n/a n/a n/a n/a n/a n/a

Share Price Returns
3 Months (%) 6 Months (%) 12 Months (%)
IMD -16.4384 -24.2236 125.9259
Sector 3.6093 11.4029 42.9641
Market 3.4978 6.5111 46.6448

Ratio Comparison
Year IMD Sector Market
P/E (x) FY07 7.6
FY08 3.7
Yield (%) FY07 2.5
FY08 3.7
EV/EBIT (x) FY07 6.2
FY08 4.2
EV/EBITDA (x) FY07 4.6
FY08 3.3

Directors
Name Position
B W Ridgeway Managing Director
K Dundo Director
R W Kelly Director
M Lemmel Director

Management
Name Position
B W Ridgeway Managing Director

Substantial Shareholders
Name % Holding
Fiberform Vindic Holding AB 13.2200
H H Al-Merry 8.9200
Claes and Birgitta Ericsson 5.4200
Flexit Invest AB 5.1600
Wear Services 5.0000

Calendar of Events
Date Event
15-Oct-2009 AGM Date for Final Year Result
17-Aug-2009 Reporting Date for Final Year Result
24-Mar-2009 Dividend Date Payable for Half Yearly Result (1c 100% franked)
06-Mar-2009 Dividend Record Date for Half Yearly Result (1c 100% franked)
02-Mar-2009 Dividend Ex-Dividend Date for Half Yearly Result (1c 100% franked)


Data supplied by Aegis Equities Research Pty Limited (ACN 085 293 910).
Search for Managed Funds, Superannuation Funds and Retirement Funds Find a Managed Fund Reduce your fees and save money on your Managed Funds with our 100% Entry Fee Rebate 100% Entry Fee Rebate

Login
Email
Password
     Log me in automatically in future
Forgotten password? | Secure Login | Terms & Conditions
Free Membership

Membership benefits...

  • 100% entry fee rebates
  • Cash back on your managed fund investments with our innovative TrailCap™ program
  • Independent research on...
    • over 1,000 managed funds
    • over 300 ASX-listed Companies
    • top performing suburbs/postcodes
  • Access to IPOs/floats & other investment offers
  • Superior investment tools...
    • Portfolio manager
    • Watchlists
    • Alerts
  • Regular investment e-newsletter

Advertisement

Portfolio / Watchlist

Start a new portfolio / view your existing portfolio.
Track all your assets and manage your investments easily.

eNewsletter

Keep up to date with new investments and important news - subscribe to our FREE weekly eNewsletters. Sign up now!

Featured Promotions


News

Regulator takes closer look at NAB-AXA merger

Sydney Morning Herald 13/03/2010 | THE Australian Competition and Consumer Commission has delayed until late next month the release of the findings of its inquiry into National Australia Bank's friendly $13.3 billion all-cash acquisition of AXA Asia Pacific. The ACCC is seeking further information.

ACCC delays findings of its probe into NAB's AXA move

The Age 13/03/2010 | THE Australian Competition and Consumer Commission has delayed releasing the findings of its probe into National Australia Bank's friendly $13.3 billion all-cash acquisition of AXA Asia Pacific until late next month as it seeks further information on the planned deal.

Lisa leaves her music rivals wondering

The Age 13/03/2010 | FORMER Australian Idol finalist Lisa Mitchell made the ultimate credibility leap yesterday when she became the youngest musician to win the Australian Music Prize with her dazzling debut album Wonder.

Back to black: budget analysts make early call

The Age 13/03/2010 | AUSTRALIA'S economic recovery has been so strong that analysts believe Treasurer Wayne Swan may be on track to bring down a budget surplus next year instead of the official forecast of 2015.

Taxman declares war on big guns

The Age 13/03/2010 | The ATO is set to reap tens of billions of dollars, write Adele Ferguson and Stuart Washington.

Wanna buy a power plant, or maybe a tunnel?

Sydney Morning Herald 13/03/2010 | We Australians appear to be turning into a nation of contrarians when it comes to economics and business. Our economy is booming while the rest of the world is in the doldrums. Our interest rates are rising where others are hovering just above zero and our currency is strengthening as other developed nations race to the bottom.

More...

Advertisement