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
Investment view: Upgrade to Buy: We have updated our Underlying...
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Last
$2.22 |
Change
0.035(1.61%) |
Mkt cap ! $337.6M | |||
| Open | High | Low | Value | Volume |
| $2.21 | $2.22 | $2.21 | $49.30K | 22.24K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 8961 | $2.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.22 | 3718 | 4 |
View Market Depth
| Last trade - 12.18pm 31/01/2025 (20 minute delay) ? |
| IGL (ASX) Chart |