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Ann: Market Update - Continuous Disclosure, page-42

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thunderhead1

11,686 Posts.

388

04/01/21

15:21

Post #: 49931567
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Originally posted by madamswer ↑

IRI's DH20 result, in the context of the company's history:

View attachment 2775160

I have to say, this doesn't feel to me like your regular, garden variety downgrade.

Something has got quite seriously out of whack.

It will be interesting to see what the Revenue-Cost jaws do going forward; if they open more due to Costs going down that Revenues going back up, then that will not be a good thing and could indicate some structural issues at play.

A single half-year result does not define a company, but given the sheer size of this downgrade, my sense is that the market will wait quite some time to make sure that nothing is fundamentally broken before the stock gets re-afforded its very ritzy valuation multiples.

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Given the size of the downgrade, I am surprised the shares have not sold off further. More signs of a complacent market environment.

IRI Price at posting: $2.67 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 65.5¢		Change -0.015(2.24%)		Mkt cap ! $116.1M

Open	High	Low	Value	Volume
66.0¢	69.0¢	64.5¢	$259.0K	390.8K

Buyers (Bids)

No.	Vol.	Price($)
2	43814	65.0¢

Sellers (Offers)

Price($)	Vol.	No.
66.5¢	3969	1

View Market Depth

No.	Vol.	Price($)
2	43814	0.650
2	6382	0.645
2	4671	0.640
1	1588	0.630
2	11400	0.625

Price($)	Vol.	No.
0.665	3969	1
0.690	50000	1
0.700	62423	3
0.720	1800	1
0.725	3500	1

Last trade - 16.10pm 02/10/2024 (20 minute delay)

IRI (ASX) Chart