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.
- Forums
- ASX - By Stock
- IGL
- Ann: Bell Potter Emerging Leaders Conference Presentation
Ann: Bell Potter Emerging Leaders Conference Presentation, page-8
-
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IGL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.92 |
Change
0.010(0.52%) |
Mkt cap ! $295.6M |
Open | High | Low | Value | Volume |
$1.90 | $1.93 | $1.89 | $389.1K | 203.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 8841 | $1.91 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.92 | 10952 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 8841 | 1.910 |
5 | 9158 | 1.905 |
6 | 101844 | 1.900 |
3 | 9255 | 1.895 |
3 | 23399 | 1.890 |
Price($) | Vol. | No. |
---|---|---|
1.915 | 10952 | 4 |
1.920 | 4868 | 4 |
1.925 | 32986 | 5 |
1.930 | 9057 | 4 |
1.935 | 1800 | 1 |
Last trade - 12.25pm 21/06/2024 (20 minute delay) ? |
Featured News
IGL (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online