ASX:IMDMetals and Mining
Imdex (ASX:IMD) Shares Drift As Integration Costs Cloud Record Growth
Imdex stock has slipped around 8% over the past week, even as the latest full year numbers land with the weight of record performance. The market has focused on the recent share price drift. Long term investors are more likely to focus on record A$520m revenue and a 37% jump in normalised earnings per share to A$0.115 from the drilling technology and services group.
The key question now is whether that earnings power justifies a P/E of 23.8x and a share price near A$3.69. The rest of this...