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.
Summary, without explicitly saying so, management is 'guiding'...
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Last
59.5¢ |
Change
-0.025(4.03%) |
Mkt cap ! $105.5M | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 62.0¢ | 59.5¢ | $36.21K | 59.79K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13786 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.0¢ | 15092 | 3 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| IRI (ASX) Chart |