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??
IFM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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