ILU
Iluka Resources Limited (ILU) is engaged in the mining, exploration, separation and concentration of mineral sands as well as in the production synthetic rutile, rutile, ilmenite, coal, zircon and other titaniferous concentrates. ILU was listed on the Australian Stock Exchange (ASX) on the 30th of June 1962. Its average annual revenue reaches approximately $1 million out of its issued capital of $611 million. Its headquarters is located in Perth, Australia and to date; around 1,600 people are employed in the company.
WorleyParsons (WOR), an Australia based company that concentrates on engineering design and project related services along with maintenance and reliability support services to diversified industrial segments with a market capitalisation of $6042.6 million was the worst performer in the ASX100 list that lost 16.7 percent or $5.11 to its stock price closing the week at $25.35.
ABC Learning was the overall best performing stock - taking in a 57.53 percent increase in their share price this week. It was a mixture of learning services, energy, support services, and mining companies who were among the best performing stocks for the week 26 of 2008 of the Australian sharemarket: ABC Learning (ABS), Paladin Energy (PDN), Brambles (BXB), Iluka Resources (ILU). These best performing stocks managed gains above 15.32 percent by the end of the trading week.
Australian Resources Weekly provided by Australian market analyst UBS.
Impact of Apache explosion
Apache gas pipeline explosion event:
Centro Properties (CNP) was the overall worst performing stock taking in 18.8 percent decrease in its stock price. Among the worst performing stocks for the week 8 of 2008 on the Australian sharemarket were a mixture of retail investments, child care services and mining: Centro Properties (CNP), ABC Learning (ABS), Macquarie Office (MOF), Iluka Resources (ILU), Centro Retail (CER). These worst performing stocks for week 8 of 2008 recorded losses above 11.9 percent by the end of the trading week.
Fortescue was the overall best performing stock taking in a 15.72 percent increase. It was a mixture of metal & mineral, securities services, pharmaceuticals and mining that were among the best performing stocks for the Australian sharemarket for week 46 of 2007: Fortescue Metals (FMG), Computershare (CPU), Sigma Pharmaceutical (SIP), Iluka Resources (ILU). These best performing stocks managed gains over 9.93 percent by the end of the trading week.
Iluka Resources (ILU) was the overall worst performing stock taking in a 10.24 percent decrease. Among the worst performing stocks for the week 39 of 2007 on the Australian sharemarket were a mixture of forestry, paper manufacturing, refining, mining and crop production: Futuris Corporation (FCL), PaperlinX (PPX), Caltex Australia (CTX), Iluka (ILU), Nufarm (NUF). These worst performing stocks for the week 39 recorded losses between 4.03 to 10.24 percent by the end of the trading week.
Iluka (ILU) was the worst performer on the ASX200 index this week (Loser of the week for week 39 of 2007). The mining resources company lost 63 cents or 10.244 percent closing the trading week at $5.52. The Australian dollar closed the week at a strong US$0.8826, gold closed at US$732.30. The Australian All Ordinaries closed at a high of 6580.9 after a strong week and the ASX100 index closed at 6567.8. Besides Iluka, another big ASX200 loser was Nufarm, losing 10.241 percent or $1.53 in value closing at $13.41. Read a previous stock recommendation for Iluka (ILU).
ABN Amro have rated the Iluka Resources (ILU) stock as a Hold with a share price target of $6.67 and a stock valuation of $4.71. The broker has noted that while profit has met market expectations, there are continuing issues with operating costs and grades. Meanwhile Credit Suisse has rated the stock as Neutral with a share price target of $7.26 for the stock. Deutsche Bank has also given the ILU stock a Buy recommendation with a share price target of $7.95. Macquarie are also bullish on Iluka Resources with an Outperform recommendation and a shareprice target of $8.00.
SB Citigroup have upgraded their stock rating for Iluka Resources (ILU) from Hold, High Risk to Buy. The rating for the company was lifted as a result of ongoing strength in zircon prices as well as the upcoming completion of the Murray Basic project - both factors that the broker sees as positive. Meanwhile, the broker has cut its profit forecasts for 2007 by 19 percent to $150m and in 2008 by 12 percent to $210 million though to reflect higher input costs and delays to the second Murray Basin mine.
Search
Must Read Articles
- Australian Electronics Retailer Companies
- Australian Fashion Companies
- 8 Steps to Scalp the Forex Market
- Australian Media Companies
- Australian Television Companies
- Australian Newspaper Companies
- Australian Publishing Companies
- Australian Internet Companies
- Australian Radio Companies
- Australian Telecommunications Companies
- Australian Automobile Industry Companies
- Australian Capital Goods Companies
- Australian Commercial Services Companies
- Australian Consumer Durables Companies
- Australian Consumer Services Companies
- Australian Online Share Trading
- List of Trading Books
- Interesting Thoughts about the Australian Dollar
- What's the Meaning of Hawkish?
- Do You Know How To Use the P/E Ratio
- Trading, Religion and Politics - Do They Have Anything in Common?
- Shares that are Volatile that Double and Half in the Short Term
- Telstra (TLS) T3
- Margin Call by E-mail
- The Cost of Holding a Position
- Lack of Disclosure: Compensation from ASX Listed Company
- Unrealistic Returns and Benchmarks
- CMC Markets Down
- Quality versus Quantity Forex Trading
- Trading Risk and Leverage Case Study
- China Exonerates Rio Tinto on Merger
Date added 14-03-2010 - The Losing Companies of the 10th Week
Date added 13-03-2010 - The Winning Companies of the 10th Week
Date added 13-03-2010 - Oroton Profitable
Date added 11-03-2010 - Myer Sales Warning
Date added 11-03-2010 - Orica's Tax Bill
Date added 10-03-2010 - Qantas Yields Turnaround
Date added 10-03-2010 - Qantas Troubles
Date added 09-03-2010 - Top 3 Winners of the ASX for This Week
Date added 09-03-2010 - Top 3 Losers of the ASX for This Week
Date added 09-03-2010 - Arrow Energy Takeover Bid
Date added 08-03-2010 - Australian Gold Mines 2010
Date added 07-03-2010 - Dai-Ichi Mutual Life Insurance APRA Approval
Date added 04-03-2010 - Coking Coal Prices Jump
Date added 03-03-2010 - Tatts Group Buys NSW Lotteries
Date added 01-03-2010
Top 150 Public Companies Listed on the Australian Stockmarket as at 29/05/2009
- BHP Billiton
- Westpac Banking Corporation (WBC)
- Commonwealth Bank of Australia (CBA)
- National Australia Bank (NAB)
- Telstra (TLS)
- ANZ
- News Corporation (NWS)
- Woolworths Limited(WOW)
- Woodside Petroleum Limited (WPL)
- Rio Tinto
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- QBE Insurance
- CSL
- Newcrest Mining Limited (NCM)
- Origin Energy Limited (ORG)
- Santos Limited (STO)
- AMP Limited (AMP)
- Maquarie Group (MQG)
- Foster’s Group Limited (FGL)




