Skip to Content
scroll

Independence Group (IGO)

$11.10
image description
What does Bull and Bear mean?

Market Matters View Point?

bear
Market Matters
bull
MM are buying IGO in the Flagship Growth Portfolio, allocating 3% around $11.10

OPINION

Flagship Growth Portfolio – Amendments

We are buying IGO Ltd (IGO) into recent weakness. We feel the uncertainty around the WSA deal and pullback in battery facing stocks is providing an excellent opportunity to buy into IGO.

Read more

IGO Ltd (IGO) $10.91

The selling over recent weeks has been largely influenced by investors positioning as opposed to the long term outlook for a particular sector, or business. The battery materials names had become very popular through 2021 / 22 leaving plenty of room for a correction while ironically a number of fossil fuel stocks have enjoyed a great start to 2022 i.e. the crowd is often wrong.

Read more

Flagship Growth Portfolio

The MM Flagship Growth Portfolio slipped -0.49% last week while our cash position has now risen slightly to 4%. Our performance was aided by TPG Telecom (TPG) +4% and Commonwealth Bank (CBA) +3.4% while CSR Ltd (CSR) -9.7% and Altium (ALU) -7.7% dragged on the portfolio i.e. our defensives remained the backbone through this uncertain period.

Read more

IGO Ltd (IGO) $12.43

Nickel / lithium company IGO has corrected 20% over recent weeks but we regard this correction as a potentially great buying opportunity in a stock  we’ve been eyeing / discussing for much of 2022. While our ideal entry level is closer to $11 there’s a definite argument to start accumulating into any weakness under $12.

Read more

IGO Ltd (IGO) $12.77

EV raw materials stock IGO has soared post COVID assisted by the strong investor appetite for environmentally favourable companies and a handy tailwind from nickel and lithium prices. On the corporate front, we are fans of the drawn-out takeover by IGO of Western Areas (WSA) with the acquired world-class nickel assets looking set to dovetail nicely into IGO’s existing nickel & lithium business.

Read more

Western Areas (WSA) $3.87 & Independence Group (IGO) $14.00

It’s not often that two parties negotiate a deal over an extended 6 month period against an extraordinary backdrop of ~70% price swings and come away from the table with a rare win-win type scenario, however, it appears IGO & Western Areas (WSA) have pulled off just that. It’s a win for WSA to achieve a ~15% or $0.51/share bump in bid terms and a win for IGO in managing to pull off...

Read more

IGO Ltd (IGO) $12.88

After our recent portfolio restructuring MM are now clearly underweight the Resources Sector, a stance we are comfortable with for now, but we do like having some well laid plans even if they are longer term in nature. We like this nickel miner which as a business is looking to move further towards energy storage i.e. an excellent ESG proxy into weakness, its already corrected over 11% from this week’s high but can...

Read more

IGO Ltd (IGO) $11.79

Energy storage business IGO has rallied strongly over the last year in-line with many ESG stocks, we believe the 14.5% dip after its recent report is an excellent opportunity to buy into the business initially looking for 20% upside – potentially an excellent switch for our WHC funds if the coal stock pop further.

Read more

IGO Ltd (IGO) $11.47

IGO slipped 6.4% yesterday on concerns of a major capital raise to purchase Glencores CSA Copper Mine,  with a likely price in excess of $1bn its far from small change. This purchase would come close on the heels of its proposed $1bn acquisition for Western Areas (WSA) – a bid that looks likely to succeed with Twiggy Forest now backing the move. MM likes the direction IGO is heading although its unlikely to bounce too hard with the large raise feeling highly likely.

Read more

Western Areas (WSA) & Independence Group (IGO)

Andrew Forest backed Wyloo has now confirmed their  support for IGO’s takeover of WSA. It had been thought they may launch a competing bid hence the premium WSA has been trading at ($3.48 v $3.36 bid price). The deal should complete making a bigger, better nickel company on the ASX with heaps of optionality and a lithium kicker to boot. In the absence of any other bid which now seems unlikely, WSA looks...

Read more
more

ACTION

IGO
UPDATED 18/05/2022 19:02
MM are buying IGO in the Flagship Growth Portfolio, allocating 3% around $11.10
Add To Hit List
IGO
UPDATED 18/05/2022 19:01
MM likes IGO around $11
Add To Hit List
IGO
UPDATED 03/05/2022 10:03
MM likes IGO around $11
Add To Hit List
IGO
UPDATED 27/04/2022 10:09
MM likes IGO closer to $11
Add To Hit List
IGO
UPDATED 12/04/2022 10:01
MM believes the bid for WSA will now be successful
Add To Hit List
IGO
UPDATED 05/04/2022 09:32
MM is neutral IGO around $15 but keen to buy pullbacks
Add To Hit List
IGO
UPDATED 14/03/2022 07:20
MM currently likes IGO around $10
Add To Hit List
IGO
UPDATED 07/03/2022 07:30
MM likes IGO for a test of $14
Add To Hit List
IGO
UPDATED 22/02/2022 09:34
MM likes IGO in the $10.80-11 region
Add To Hit List
IGO
UPDATED 02/02/2022 09:43
MM likes IGO under $12
Add To Hit List
more
image description

Nickel & Gold, while they've just done a good Lithium deal

IGO is an ASX-listed exploration and mining company with a strategic focus on assets of scale and longevity. The company focuses on aligning the business to the structural shift to energy storage. IGO is headquartered in Perth.

chart
image description
Independence Group (IGO)
chart
image description
IGO Ltd (IGO)
chart
image description
IGO Ltd (IGO)
chart
image description
IGO Ltd (IGO)
chart
image description
Independence Group (IGO)
chart
image description
IGO Ltd (IGO)
chart
image description
IGO Ltd (IGO)
chart
image description
IGO Ltd (IGO)
chart
image description
IGO Ltd (IGO)
chart
image description
IGO Ltd (IGO)
chart
image description
IGO Ltd (IGO)
chart
image description
Independence Group (IGO)
chart
image description
IGO Ltd (IGO) v Alumina (AWC)
chart
image description
IGO Ltd (IGO) v Western Areas (WSA)
chart
image description
IGO Ltd (IGO)
chart
image description
Independence Group (IGO)
chart
image description
IGO Ltd (IGO) v Mineral Resources (MIN)
chart
image description
IGO Ltd (IGO) v Mineral Resources (MIN)
chart
image description
IGO Ltd (IGO)
chart
image description
Independence Group (IGO)
chart
image description
IGO Ltd (IGO)
chart
image description
IGO ltd (IGO)
chart
image description
IGO Ltd (IGO)
chart
image description
Independence Group (IGO)
chart
image description
IGO Ltd (IGO)
chart
image description
IGO Ltd (IGO)
chart
image description
Independence Group (IGO)
chart
image description
Independence Group (IGO)
chart
image description
Independence Group (IGO)
chart
image description
IGO Ltd (IGO)
chart
image description
IGO Ltd (IGO)
chart
image description
Independence Group (IGO)
chart
image description
IGO Ltd (IGO)
chart
image description
IGO Ltd (IGO)
chart
image description
IGO Ltd (IGO)
chart
image description
IGO Ltd (IGO)
chart
image description
IGO Ltd (IGO)
image description

Relevant suggested news and content from the site

Back to top