• Watch our recent video insight with David and Damon Ficklin from Polen Capital as they give some insight into the strategy behind the Polen Capital Global Growth Fund here

Why there’s a positive outlook ahead for IMDEX


Why there’s a positive outlook ahead for IMDEX

IMDEX (ASX:IMD) delivered an impressive set of results for the financial year to 30 June 2021, which materially beat expectations and led to broker forecast upgrades. The two key points from the update include revenue growth of 11 per cent and EBITDA was up 39 per cent.

IMDEX is seeing very strong activity in Canada, the US and Australia with resource companies allocating increasing budgets and showing commitment to exploration spending.

IMDEX’s CEO Paul House joined Dominic Rose to discuss the company’s focus on digital transformation, the recent acquisition of MinePortal software and the outlook for the business going forward.

The trend towards decarbonisation and the growth and demand for battery metals Copper, Cobalt, Nickel and Lithium mean that in areas like Copper, we are going to consume more Copper in the next 12 years than we have in the last 100 years. And the sheer need to prove up supply through exploration drilling and bringing those mines into production just to meet that demand and meet what we think is a irreversible trend paint a very positive picture in terms of that longer cycle. – Paul House, IMDEX CEO

The Montgomery Small Companies Fund owns shares in IMDEX. This video was prepared 23 September 2021 with the information we have today, and our view may change. It does not constitute formal advice or professional investment advice. If you wish to trade IMDEX you should seek financial advice.


Dominic Rose is the Portfolio Manager of the Montgomery Small Companies Fund. Dominic joined Montgomery in August 2019 after spending thirteen years specialising in smaller companies in portfolio management and equities research. Most recently, Dominic was a Portfolio Manager and Senior Research Analyst at MHOR Asset Management in Sydney for three years. Prior to this, he ran Deutsche Bank’s Small Caps Equity Research Team in Sydney for six years. He was also previously Head of Research at Foster Stockbroking.  

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.

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