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
$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. |
---|---|---|
$1.85 | 2380 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8997 | 1.805 |
6 | 15671 | 1.800 |
1 | 8050 | 1.790 |
1 | 1680 | 1.785 |
2 | 7379 | 1.780 |
Price($) | Vol. | No. |
---|---|---|
1.850 | 2380 | 1 |
1.875 | 45673 | 1 |
1.900 | 6000 | 2 |
1.920 | 5318 | 1 |
1.930 | 15600 | 1 |
Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
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