looks like a breakout, page-10

... and from the AFR today (Wednesday April 13)

with a chart:


Shares in the provider of integrated mining products and services have been on a tear over the past three weeks, rising 22.3 per cent since March 14, compared with a 12.7 per cent gain for the S&P/ASX Small Ordinaries Index over the same period. But the stock is still about 35 per cent below its peak reached in December 2007. The company recently acquired AJ Lucas' underground In-Seam drilling business for $25.5 million, which it expects to be immediately accretive to earnings. Customers of the business include BHP Billiton, Rio Tinto, Xstrata and Vale and management says the acquisition has established it as the second largest domestic provider of underground gaseous drilling services in Australia. Industrea is on the lookout for more "strategic and earnings enhancing" acquisitions, particularly for its technology and diesel equipment divisions. With a gearing ratio of about 32 per cent, its balance sheet looks healthy enough to do so. New York-based fund manager Neuberger Berman is one supporter of the stock, disclosing a 5.29 per cent stake in the company last month. John McDuling


Good luck to all and DYOR