MIM Holdings Limited

By Intelligent Investor · 5 May 2000

By Intelligent Investor ·
5 May 2000

Recommendation

M.I.M. Holdings Limited - MIM

Current price

n/a

Price at review

$0.84 at (05 May 2000)

All Prices are in AUD ($)

The miner has again disappointed us. Since our issue 47 brief (Accumulate - $1.34) the stock has headed backwards, and is now down 37.3%. It looks like the stock intends to return to the 60-70 cent range it traded at before April last year. The prime motivator of this is downgraded earnings expectations as a result of weaker metals prices, lower production at the Alumbrera mine in Argentina and higher costs at some Queensland coal operations. MIM has become too prone to cyclical factors for our liking and is a HOLD, at best and probably safer to SELL.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

MIM Holdings Limited

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MIM Holdings Limited

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