This is a once in a decade opportunity to buy a high-quality company trading on a PE of 22 (FY24) and 18 (FY25) (assuming only a 20% growth in EPS).
Yeah, the macro looks bad but I'm a bottom-up investor. Will immigration levels in Australia revert or potentially even go up in the long-term? Given that we are a country that only generates GDP growth through immigration, and we are the size of the US but have 7% of the population, I'd say it a certain bet.
@euphoria that stat about the company growing revenue in Australia by 33% despite segment shrinking by 17%. You are saying that is a good thing, right? To me that indicates the quality of the business.
Hoping for SP to fall further though, don't have spare cash at the moment.
IEL Valuation, page-14
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Last
$13.45 |
Change
-0.330(2.39%) |
Mkt cap ! $3.743B | |||
| Open | High | Low | Value | Volume |
| $13.46 | $13.56 | $13.06 | $13.69M | 1.027M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 19586 | $13.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.50 | 500 | 1 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| IEL (ASX) Chart |