Chart starting to look like it has some strength. Might get 2 solid green candles and today is likely to be the highest close since the CEO resignation announcement. If management doesn't try to wiggle out of the $117 - $123m FY22 guidance, I expect the gap at $1.62 to fill at or near the AGM announcement. Seeing that they just reiterated the FY22 guidance, I am more looking for wording around where they expect to end up on guidance. I am a new investor in IFM and it's clear to me that the market isn't believing the goal of $200m revenue in 5 years so management has lost investor confidence. What I want to see is management beat guidance which will restore investor confidence and bring up the PE ratio the shares trade at. However, there is a reason the market has takes managements aim with a grain of salt so I am expecting low to mid range of the guidance to be met.
Ann: CEO & Managing Director Resigns, page-14
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Last
$1.72 |
Change
0.020(1.18%) |
Mkt cap ! $644.4M | |||
| Open | High | Low | Value | Volume |
| $1.68 | $1.72 | $1.68 | $1.636M | 974.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2872 | $1.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.72 | 5707 | 1 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| IFM (ASX) Chart |