I’ve been adding to my holdings this week as well. If you view the 3-5 year chart, we are still holding in the uptrend following covid. The results have been as expected, it’s the underlying which is important, as there is a clear end to the Ovato integration costs. If the SP holds around this level, we should still be in the uptrend, with P/E of around 6 on an underlying basis, this is well below the long term average. If management feel they are comfortable to provide FY24 guidance, then I feel this is a relatively safe bet at this price.
In addition to this, the current SP is at the lower end of what the company was at worth pre-covid when NPAT was around $34M. Today, IVE’s main competitor has now been swallowed, and we are looking at close to 50% higher normalised profits with minimal additional shares added to the register. I personally see a lot of value in todays price.
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Last
$2.26 |
Change
0.000(0.00%) |
Mkt cap ! $347.9M |
Open | High | Low | Value | Volume |
$2.27 | $2.28 | $2.23 | $418.2K | 185.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | $2.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.28 | 18959 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 2.260 |
1 | 1710 | 2.230 |
1 | 6300 | 2.220 |
2 | 682 | 2.210 |
4 | 25500 | 2.200 |
Price($) | Vol. | No. |
---|---|---|
2.280 | 7975 | 2 |
2.290 | 2500 | 1 |
2.300 | 5370 | 1 |
2.310 | 3043 | 1 |
2.330 | 25000 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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