First sign that the IEL business is being impacted materially.
The market seems to be willing to pay about no more than 20 - 22x for quality growers with short term headwinds. Given these issues could be more medium term it will be interesting to see how hard IEL is penalised today. Most brokers had this years numbers growing at 15 - 20% and next year up 5 - 10%. This update puts this year and next in the "No Growth" likely category.
That puts a share price drop around 20 - 25%.
Having said all that, market will do whatever it wants to do.
Ann: Regulatory and Market Update, page-2
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add IEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$14.50 |
Change
-0.310(2.09%) |
Mkt cap ! $4.035B | |||
| Open | High | Low | Value | Volume |
| $14.85 | $14.99 | $14.28 | $69.96M | 4.794M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5285 | $14.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.50 | 7606 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| IEL (ASX) Chart |