Anyone have any ideas what is affecting the SP of IFM??
I have been a long time holder and have sold out and bought in a couple of times. I believe IFM is ready to really prosper from here. They reported record high EPC subscriptions and so too for their Superservice menu subscriptions. They have about $14 million in cash and at todays close a market cap of $110 million. EBITDA is expected to be $21-$22m and NPAT of $13-$13.5m.
The above achievement is even with the strong AUD hurting their profits. I can see very little downside and a whole lot of upside from 34c.
Stock is usually illiquid so 2 million share turnover unusually high and could be to do with Opes Prime. Looks to be a good opportunity to pick up some more.
Thoughts??
what is going on
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Last
$1.62 |
Change
-0.005(0.31%) |
Mkt cap ! $608.7M | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.65 | $1.61 | $662.2K | 409.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2585 | $1.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.63 | 1437 | 1 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| IFM (ASX) Chart |