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Tony is a former managing editor of BRW, Shares, Personal Investor, Asset and CFO magazines. He writes a weekly column for BRW and The Australian Financial Review, specialising in small listed companies,IPOs, entrepreneurship and innovation.
Published 27 February 2013 22:19, Updated 27 February 2013 22:51
Improving fortunes for big diversified miners like BHP should have a flow on effect for mining services companies such as Monadelphous, NRW and Calibre. Photo: Mario Borg
I recently ran filters through several sharemarket databases, using a range of financial metrics, to spot groups of undervalued stocks. One industry stood out: mining services.
BRW Rich 200 ranking: 2
All work and no play has helped Ivan Glasenberg get to the top, and stay at the top, of resources giant Glencore Xstrata. The billionaire says he sees little benefit in rest and relaxation for those who want to become rich.
Co-founder, Altius Asset Management
The best investment decision you’ve made?
There was one June 30, back in the late 1990s I think, where there was an outsized balance of payments number that produced a 50-basis point move on the Commonwealth treasuries futures contract.