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Ann: Appendix 4E Preliminary Final Report, page-4

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peejayhercules

6,693 Posts.

1578

01/09/17

13:00

Post #: 26930550
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Originally posted by Highett ↑

Going forward Ibuynew looks good to me. Cost savings to come through, one off costs wont be there,
a really significant property listings base, some great technology work being done looks like, a growing
population with people looking for more affordable housing options, a great acquisition just announced
and doing due diligence on more, lets hope this thing can trade back on the ASX shortly. If we can
see the share price increase to say 2 cents that would allow management to look at much bigger opportunities for example, I think a tie up between IBN and AU1 (Ausnet Financial) would create a
seriously tremendous player in the Real Estate Agency business in Australia especially if it does take
full control of "The Agency" real estate agency business. If IBN can get its share price up a scrip bid would
give immediate scale to the business.

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Investing in turnarounds can be a bit dicey, but there is just so much to like in that report.

IBN Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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