Another one to two weeks and the results will be out. What do people expect?
In my view is INA one of the deep value plays on the ASX. Forward PE of 12.2, a forward CAGR of nearly 30 (admittedly lots of that financed with capital rises), operating in an industry with a strong tail wind, offering attractive solutions for the less well off and avoiding the pitfalls of the DMF model, which has currently not that good press in Australia.
Expecting for this FY slight EPS growth compared to last year - and much stronger EPS growth from here (with all the recent acquisitions coming online ...). This year should be in my (and according to analysts) view the last year with EPS below 20 cents.
Incredible that the current share price for such a performer sits still at NTA level ($2.45 in June 2016).
Anyway - happy to wait for the markets to wake up ...
INA Price at posting:
$2.50 Sentiment: Buy Disclosure: Held
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