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.![]()
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Last
$2.23 |
Change
0.000(0.00%) |
Mkt cap ! $343.3M |
Open | High | Low | Value | Volume |
$2.23 | $2.28 | $2.20 | $914.2K | 408.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6154 | $2.23 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.25 | 2978 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6154 | 2.230 |
3 | 9750 | 2.170 |
4 | 30065 | 2.150 |
2 | 5376 | 2.140 |
3 | 17986 | 2.130 |
Price($) | Vol. | No. |
---|---|---|
2.280 | 4935 | 1 |
2.290 | 6000 | 1 |
2.300 | 20295 | 4 |
2.310 | 21000 | 2 |
2.330 | 47 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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