The CEO of Imdex has now made 3 separate purchases of Imdex at prices between $1.58-1.59. The recent low was $1.39. He now owns a total of 1,271,553 shares.

31/8-1/9 - bougth 100000 shares at $1.59

11-15/9 - bought 80000 shares at $1.58

23-27/10- bought 80000 shares at $1.59

Fairly positive sign that the Devico aquisition is being assimilated well and that he sees a positive turnaround happening in the drilling and sensors market.

@ endean, good write up of the H1 report. I also think it was a good one and they are clearly progressing their strategy well. My valuation is pretty similiar to yours.

I'm curious why you think EPS in FY21 will be 13c but will drop back to 12.8c next year. I am thinking that H2 FY22 will be less than H1. From the outlook statement-

During 2H22 IMDEX anticipates some additional expenses due to the inflationary environment, together with

increased travel and marketing costs as mobility restrictions ease.

This make me think we will get less than 6.15eps in H2 FY22, and I will be happy with EPS of >12c (FY22), but would hope that FY 23 will be >13c as we start to get some of the earnings benefits from the recent Mineportal aquisition etc. and the Covid slowdowns will hopefully be less of a problem. Eitherway the outlook looks good for continued growth by Imdex