IGL 4.96% $1.91 ive group limited

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

  1. 268 Posts.
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    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
 
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Last
$1.91
Change
0.090(4.96%)
Mkt cap ! $293.3M
Open High Low Value Volume
$1.88 $1.95 $1.86 $1.273M 668.4K

Buyers (Bids)

No. Vol. Price($)
1 2396 $1.88
 

Sellers (Offers)

Price($) Vol. No.
$1.91 5987 1
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Last trade - 16.10pm 20/06/2024 (20 minute delay) ?
IGL (ASX) Chart
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