24/10/2023 09:01

Iluka Resources Ltd (ILU) $6.81

The selling in mineral sands and future rare earth operator ILU has intensified after the company announced that they would pause some production of synthetic rutile as uncertainty around the global economic outlook weighs on demand. It's unlikely the stock will regain its “mojo” until the news flow improves, even if it does appear to be offering value sub-$7.

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21/09/2023 09:41

Iluka Resources (ILU) $7.93

ILU slipped another -3.4% yesterday, taking it within a few ticks of its 2023 low. We sold ILU back in June at $11.66, a combination of strong outperformance vs. the broader resources sector and signs Chinese demand was easing saw us lock in a ~15% profit – since then, it has been all one way traffic.  

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24/08/2023 09:35

Iluka Resources Ltd (ILU) $8.27

Yesterday saw Iluka (ILU) smacked -11.27%, the most since March 2020, following weak production amid softer demand for mineral sands sending the shares down to new 1 year lows.

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15/08/2023 09:09

Iluka Resources Ltd (ILU) $9.65

Mineral sands operator ILU reported an ok result in July but in our opinion not one to justify the $10.50 price at the time, we continue to believe some risks remain with the company’s future growth projects in an environment that has seen miners struggle in terms of profitability/progress of new ventures just as ILU embarks on a large rare-earths project.

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28/07/2023 09:26

Iluka Resources Ltd (ILU) $10.51

ILU fell -4.4% yesterday following through from the “ok” report on Wednesday where production was in-line but we feel risks remain with the company’s future growth projects i.e. the news over recent weeks has been mixed for the Australian miners.

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20/07/2023 09:27

Iluka Resources Ltd (ILU) $10.84

Mineral sands operator ILU fell -2.6% on Wednesday testing its early May lows in the process, we exited the stock back in June on valuation grounds after its strong rally from 2022 lows, after correcting -7% our move is looking justified but it’s not yet jumped back on our radar.

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21/06/2023 09:37

Flagship Growth Portfolio – Amendment

We are making multiple changes to the Flagship Growth Portfolio.

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20/06/2023 09:24

Iluka Resources Ltd (ILU) $11.43

ILU fell over 4% yesterday after UBS downgraded the mineral sands operator to a sell following its strong price appreciation as opposed to major problems within the company i.e. they believe $12 is too rich considering the persistent headwinds around China's property market and the uncertain global macro outlook.

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09/05/2023 09:13

Iluka Resources (ILU) $11.54

Iluka (ILU) rallied strongly yesterday with better rhetoric stemming from both their mineral sands operation along with their push into rare earths, which is the key swing factor for this interesting commodity stock. Rare earths are used in the magnets that form the main propulsion in electric motors, and this is the zing that should underpin Iluka’s future growth. Ultimately,  they need stability in their traditional mineral sands operation, where their products are used in paints, ceramics and other building-related products, to finance the push into more ‘future facing’ commodities.

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14/03/2023 09:25

Iluka Resources (ILU) $10.41

Mineral sands operator ILU has traded strongly considering the sell-off in China-facing resource stocks post Beijing’s lacklustre growth targets for 2023.  The stock initially dipped after last month’s earning report although we felt it reported a resilient market environment despite the broader macro outlook.

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