MM’s view on UWL & IMD

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Question asked 16/04/2021

MM’s view on UWL & IMD

I have been looking at two small caps - UWL and IMD and would love your thoughts on these companies. Both have done well in the last 12 months and wondering whether there is more growth to come. Thank you as always, Liz B

Answer

Hi Liz,

We don’t follow these 2 companies closely hence our answers are coming from a technical perspective.

1 – Uniti Group (UWL): This Adelaide based $1.8bn broadband solutions business technically looks good while it can hold above $2. Prospects for the company look strong and it was encouraging to see top notch operators Soul Patts (SOL) pop up on the register last year.

2 – Imdex Ltd (IMD): This $720m global mining-technology business looks good while it can hold above this months $1.60 low.

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Uniti Group (UWL)

LAST UPDATED 16/04/2021 08:39

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Imdex Ltd (IMD)

LAST UPDATED 16/04/2021 08:40

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