A $10.8M loss for the half year. The market is not going to like this. I'm now very comfortable with the fact I sold down over half of my holdings during the recent highs.
I believe in the long term future of this company and definitely plan to increase my holdings again down the track. But for now it is way overpriced for a company that appears to still be a year or two away from profitability.
Should be some good buying for anyone wanting to jump on. After the news of these financials spread, I am certain it will lead to a big drop.
IPP Price at posting:
$3.59 Sentiment: Hold Disclosure: Held
