IGL 1.63% $1.82 ive group limited

Ann: Bell Potter Emerging Leaders Conference Presentation, page-8

  1. 268 Posts.
    lightbulb Created with Sketch. 131
    I’ve been adding to my holdings this week as well. If you view the 3-5 year chart, we are still holding in the uptrend following covid. The results have been as expected, it’s the underlying which is important, as there is a clear end to the Ovato integration costs. If the SP holds around this level, we should still be in the uptrend, with P/E of around 6 on an underlying basis, this is well below the long term average. If management feel they are comfortable to provide FY24 guidance, then I feel this is a relatively safe bet at this price.

    In addition to this, the current SP is at the lower end of what the company was at worth pre-covid when NPAT was around $34M. Today, IVE’s main competitor has now been swallowed, and we are looking at close to 50% higher normalised profits with minimal additional shares added to the register. I personally see a lot of value in todays price.

    https://hotcopper.com.au/data/attachments/5582/5582973-fb9516d3232e0824724f6197ef536831.jpg
 
watchlist Created with Sketch. Add IGL (ASX) to my watchlist
(20min delay)
Last
$1.82
Change
-0.030(1.63%)
Mkt cap ! $279.4M
Open High Low Value Volume
$1.84 $1.86 $1.81 $565.7K 310.2K

Buyers (Bids)

No. Vol. Price($)
1 8997 $1.81
 

Sellers (Offers)

Price($) Vol. No.
$1.85 2380 1
View Market Depth
Last trade - 16.10pm 19/06/2024 (20 minute delay) ?
IGL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.