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.![]()
- Forums
- ASX - By Stock
- Ann: Bell Potter Emerging Leaders Conference Presentation
I’ve been adding to my holdings this week as well. If you view...
-
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IGL (ASX) to my watchlist
|
|||||
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. |
---|---|---|
$1.91 | 5987 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2396 | 1.880 |
1 | 4271 | 1.875 |
1 | 20000 | 1.870 |
1 | 5000 | 1.855 |
2 | 25000 | 1.850 |
Price($) | Vol. | No. |
---|---|---|
1.910 | 5987 | 1 |
1.930 | 10864 | 1 |
1.940 | 15000 | 1 |
1.950 | 7628 | 2 |
1.955 | 6500 | 1 |
Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
Featured News
IGL (ASX) Chart |
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Chairman
Nick Poll
Executive Chairman
Previous Video
Next Video
SPONSORED BY The Market Online