Imdex Limited

ASX:IMD

Imdex Limited

ASX:IMD
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$2.34 (+0.9%)
Last close price
#421
Rank
3
Held by
12
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mikebrisy
Company Report
Last edited 2 years ago
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#2
Performance (45m)
-4.6% pa
Followed by
280
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#FY22 Results
stale
mikebrisy
Added 2 years ago
View author's company report

Hi @mbry9625 - I don't follow $IMD, but from a quick look I think the reaction might be explained by:

  1. Slight miss vs. consensus (NPAT of $44.7m vs. $48.6m (n=6, marketscreener.com); EPS of 11.3cps vs 11.9cps on FN Arena (n=2)
  2. No forward guidance that I can see on the the presentation


These pullbacks on minor undershoot v. consensus are great buying opportunities for long term holders if you think its overdone.

Disc: I am not bullish on mining services and not following.