IFM has been very strong since reporting a great result. 25 cents even after paying a 1.37 cent dividend.
Things are looking very good gone are the 20 cent days, no debt high cash balance and huge revenue streams with new agreements in place with all the major car manufacturers.
See snip from report well worth a read
“The second half of the year will see the Company release a number of new products and product updates which have been in development for 18 to 36 months. This includes Superservice for Chrysler, General Motors and Toyota in the USA, Digital Service Passport for Hyundai in Europe, and Microcat LIVE for Toyota in Great Britain. Management expect these new releases to make a notable contribution in the 2013 financial year”.
DYOR but its a great small cap high yielding stock
IFM Price at posting:
25.0¢ Sentiment: LT Buy Disclosure: Held
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