mining services

Themes and stocks from the WAM Funds’ portfolios

Patrick Poke

At today’s WAM Funds presentation, Chief Investment Officer, Chris Stott, shared some of the key themes and holdings from their current portfolio. He covers their views on the Australian economy, mining services, and retail. He also discusses a company that hadn’t received a visit from an analyst in two years. Show More

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Imdex set to benefit from mining recovery

Jack Collopy

Imdex has internally developed a fleet of tools and products which it leases to drillers for use during exploration. Imdex have had significant success with their traditional core orientation tools and are progressively seeing increased demand for newer cost-saving technologies. Current R&D expenditure is focused on developing tools for the... Show More

Sunset Strip > Trading Day Wrap From Blue Ocean 20170627

Mathan Somasundaram

Local market fell on the open before recovering to finish flat. Resources and Financials help to hold the market from profit taking in the big industrial sectors. The best performing sectors were Miners, Banks and Energy while the worst performers were Utilities, Staples and Health Care. On the sector/stock front….(1)... Show More

A sector that stands out in terms of uncertainty

Livewire Exclusive

With reporting season picking up pace, Livewire interviewed Rudi Filapek-Vandyck, Editor of FN Arena. Rudi has kindly allowed Livewire to publish his ‘Reporting Season Monitor’ for Livewire readers each week, and ahead of this, we interviewed him to get his thoughts of how this season might unfold. He makes the... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market popped up on the open with US positive sentiment and then traded sideways and choppy for the rest of the day. There is a bit of macro data out today….China data were solid while Canadian rates update, UK unemployment, US housing starts, US Fed beige book and the third... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market closed negative ahead of a raft of macro data and US reporting season worries. The data continues to support US Fed rate hike while China data remains robust. The US reporting season had a good start with financials and that may continue with better rate cycle outlook. The local... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Market closed slightly positive on a volatile choppy day. We have a few Fed speeches to come tomorrow while the last one calmed the market on rate rise speed. FOMC minutes to come out tomorrow night while US reporting season also kicks off tonight with Alcoa. US market likely to... Show More

GR Engineering Stands Out

Steve Johnson

Mining services is a sector where poor margins, woeful returns on capital and poor management decisions seem to be the norm. One company that bucks the trend, though, is GR Engineering. Since listing in 2011, annual revenue has ranged between $110 million and $217m. But despite this inherent volatility the... Show More

Market Manager | September update – Adding growth before AGM season

Mathan Somasundaram

Global markets are recovering from the recent pullback on central bank uncertainty and US election worries. The yield squeeze pressures are beginning to wane while European bank worries are coming back to haunt the markets. Local market is moving into AGM season and that will raise the risk of substantial... Show More