IRI has announced the half yearly profit of 2.1 mil and 0.75c divedent and 2 pm today. EPS for the half year is 1.3 and the forecast PE for 2004 is about 10. For details, refer to the Asx report or visit company web site www.ir.com
Interesting points are:
[1] Director were busying in December 2003.
[2] A few days ago, the share prices is sold down to 17c when Cisco announced the quarterly result in USA on that night before the IRI share got smashed fro 22c to 17c. Smart investors were buying it days after days till this morning (up to 20.5c/21 c) [3] Huntley's Your money weekly (Feb 5 2004) recommend it as a high risk/spec buy in their share portfolio (second line stock).
[4] There was a mad rush to buy at the close for 25c. Why the traders rushed to buy when they are high. Maybe they are using the trading principle "Buy high and sell higher" instead of "buy low and selll high". hahaha.
[5] Roadshows and analyst briefings will take place soon. Anyway, do your own research and consult your advisers before buying or selling.
IRI Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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