23/06/2022 08:58

Iluka Resources Ltd (ILU) $9.02

Mineral sands operator ILU has now fallen 30% from its April high, only back in May we said the stock looked heavy above $10 as fund managers started unwinding their major overweight exposure to the resources sector and we wouldn’t have interest until sub $9. This has all unfolded according to the script but while we continue to like the business a test of the $8 region is now feeling likely hence we’re tweaking our optimum entry-level a touch lower.

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11/05/2022 09:26

Iluka Resources Ltd (ILU) $10.17

Mineral sands operator ILU slipped towards new 2022 lows yesterday, down 23% in just 5-weeks as investors start jumping ship in earnest from their major overweight commodities exposure thanks to Chinas ongoing lockdowns combined with the rising fears of an imminent recession. While MM likes ILU as a business we cannot discount the downside risks as investors reduce exposure from this extremely crowded theme hence we are unlikely to consider the stocks until sub $9, another 12% lower.

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05/04/2022 09:48

Iluka Resources Ltd (ILU) $12.22

Mineral sands operator Iluka (ILU) +6.08% rallied yesterday on the news that it would build a rare-earths refinery in WA. This is a big deal on a few fronts with the Federal Government providing over $1bn of non-recourse funding for the project signaling a desire for Australia to value-add rather than simply be the world’s quarry, while for ILU, the project is targeted to be as big as Lynas (LYC) which is currently valued at $10bn (ILU currently has a market capitalisation of $5bn).

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14/12/2021 09:29

Iluka (ILU) $9.92

Minerals sands operator ILU is arguably the one that got away for MM in the Resources Sector as we’ve maintained our overweight exposure to these value names, it’s the inevitable hassle / frustration that comes with running real money portfolios! We were considering ILU around $8 for our Flagship Growth Portfolio but we were already fully committed...

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17/11/2021 09:31

Iluka Resources (ILU) $8.77

ILU fell over 4% yesterday following a presentation at a Mineral Sands conference. We’ve been monitoring this mineral sands operator for a few months and remain keen buyers around 8-10% lower. A few tough days for the resources as sector rotation continues and our ideal purchase level could easily be achieved sooner rather than later.

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04/11/2021 09:14

Iluka (ILU) $8.94

Perth based miner ILU hit an all-time high in September following solid demand for mineral sands enabling it to deliver a strong half-year report i.e. NPAT was up 14% to $129m on revenue increase of over 60% to $735mn. However as has often been the case with the Australian Resources Sector in 2021 selling new highs, following “good news”, has paid...

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21/05/2021 09:30

Iluka (ILU) $7.80

Yesterday saw mineral sands operator ILU fall -4.4% in line with weakness across the resources sector although it did bounce strongly from its intra-day low, the company is specifically dealing with the news that subsidiary Sierra Rutile is planning a 6-month break due to a number of business issues specifically arising since COVID.

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