Imdex's Acquisitions May Round Out 'Rock Knowledge' Sensors, Software Suite As Activity Cycle Resumes Growth, Euroz Hartleys Says

MT Newswires Live12-03

Imdex's (ASX:IMD) recent acquisitions could allow it to wield a full suite of "rock knowledge" sensors as well as data acquisition and interpretation software in an activity cycle that "bottomed out and has resumed growth," Euroz Hartleys said in a Tuesday report.

Imdex acquired Advanced Logic Technology and Mount Sopris Instruments, investing around AU$100 million in technology, tools, and software in down-hole rock property sensor systems and geoscience

processing software adjunct to its own services suite.

Investors are clearly weighing up the impact and cadence of activity, the report noted. The analysts' numbers for the earnings before interest, taxes, depreciation, and amortization, as well as amortization of intangibles, increased such that the reported net profit after tax expectations decreased modestly.

The investment firm maintained its buy recommendation and raised the price target to AU$4.05 per share from AU$3.80 per share.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment