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
$2.00 |
Change
0.050(2.57%) |
Mkt cap ! $307.1M |
Open | High | Low | Value | Volume |
$1.96 | $2.01 | $1.96 | $237.2K | 119.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 14872 | $1.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.02 | 1272 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 14872 | 1.990 |
2 | 7047 | 1.985 |
2 | 35000 | 1.980 |
1 | 21755 | 1.975 |
1 | 476 | 1.965 |
Price($) | Vol. | No. |
---|---|---|
2.020 | 1272 | 2 |
2.030 | 1272 | 1 |
2.050 | 4401 | 1 |
2.060 | 1221 | 1 |
2.090 | 14011 | 1 |
Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
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