Investment view: Upgrade to Buy: We have updated our Underlying EPS estimates
by +91.2%, +2.5% and -2.0% for FY21e, FY22e and FY23e, with the upgrade driven
by the revenue beat and JobKeeper. While the recent reallocation of marketing spend
by Coles presents an earnings headwind and risk, the improving outlook and prospect
for a resumption of dividends appears undervalued at just 3.3x P/E (NPATA). We
upgrade from Hold to Buy with a Target Price of $1.05ps
Div yield forecast 13% to current SP
Ann: FY20 Results Presentation, page-19
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add IGL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.06 |
Change
0.060(3.00%) |
Mkt cap ! $319.0M | |||
| Open | High | Low | Value | Volume |
| $2.02 | $2.06 | $2.00 | $750.7K | 369.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3930 | $2.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.06 | 6350 | 2 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| IGL (ASX) Chart |