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
(20min delay)
|
|||||
Last
$1.91 |
Change
-0.040(2.05%) |
Mkt cap ! $294.1M |
Open | High | Low | Value | Volume |
$1.97 | $1.97 | $1.90 | $589.8K | 305.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 17000 | $1.91 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.91 | 1170 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17000 | 1.905 |
5 | 34412 | 1.900 |
1 | 1097 | 1.895 |
1 | 1097 | 1.890 |
3 | 2688 | 1.885 |
Price($) | Vol. | No. |
---|---|---|
1.910 | 1170 | 2 |
1.915 | 1097 | 1 |
1.920 | 1027 | 1 |
1.970 | 4415 | 1 |
1.995 | 3442 | 1 |
Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
|
|||||
Last
$1.91 |
  |
Change
-0.040 ( 2.23 %) |
|||
Open | High | Low | Volume | ||
$1.96 | $1.96 | $1.90 | 30972 | ||
Last updated 15.59pm 22/05/2024 ? |
Featured News
IGL (ASX) Chart |
The Watchlist
RDN
RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
MD
SPONSORED BY The Market Online