Summary, without explicitly saying so, management is 'guiding' for earnings to be the same as FY21.
FY21 EPS is 5c, cash flow per share 12c (but with cap ex of 7c= 5c EPS).
Hopefully this represents the base trough in earnings as the business adapts to its new model.
I have a small 1st position bought at $1.50, but I am weary of dollar averaging downwards at the moment.
Maybe if the shares drop to around $1 I will start topping up.
At $1 IRI would be trading on a PE of 20, maybe ok for what is hopefully bottom of the cycle earnings.
Ann: AGM Presentation, page-2
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