There are few companies that I feel comfortable to invest in and one of them is Industrea Limited (IDL). For one thing, the share price movement is very solid and steady. One may say.... It just keeps growing!
It keeps growing, even the 'February Minicrash' didn't really affected it too much.
And more good news...
At the start of this month, one of IDL's subsidiary (Advanced Mining Technologies) secured a deal with Anglo Coal. With this deal, Anglo Coal's Drayton mine in New South Wales will install a new AMT's collision avoidance system. This is their second major deal after BMA's in February.
Although the financial effect of this deal will be recognised on 2007-2008 financial year, this contract is very important as it most probably lead to other contracts for IDL.
The Ord Minnet on its 2nd of May release retained its BUY recommendation (at $0.475), and increased target price to $0.54 (conservative calculation). It said: There is still plenty of upside potential for IDL.
Well, there should be, especially if you are agree with what Industrea's CEO, Robin Levison, said, "It’s been managed growth at a chaotic pace. This should be, in a couple years, a $1 billion company... "
Would love that to happen.....
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