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Does MM follow mining software companies?

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Question asked 18/03/2023

Does MM follow mining software companies?

Hi James, does MM have any interest in investing in mining software? if so would appreciate your thoughts on these two company's . Imdex (IMD) RPM Global Holdings (RUL) Cheers Craig

Answer

Hi Craig,

We don’t really follow these two companies closely but we’re happy to provide a technical view on both:

Imdex (IMD) $2.14 – this $1bn mining tech business is only trading on a 15.7x valuation for 2023 while its forecast to yield 1.6% over the coming 12-months. Technically we are neutral around current levels but below $2 the risk/reward is appealing for investors who like the sector.

RPM Global Holdings (RUL) $1.38 – This $320mn QLD based mining services business has fallen almost 40% from its early 2021 high, the weaker of the two looked at today isn’t yet paying a dividend. In todays uncertain environment we would be more comfortable staying with the strength, in this case IMD.

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Imdex Ltd (IMD)

LAST UPDATED 17/03/2023 13:52

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