I didn't invest waiting for the turnaround to occur... But IRI sits in my high conviction watchlist, and for good reason since they delivered 10yrs of 30% ROE, consistent EPS growth and no dilution...
This update might actually provide an entry through, as even with the current poor performance the metrics are starting to look okay;
EV / Revenue - 1.3x
EV / NPAT - 15x (assumed A$7M NPAT)
EV / FCF - 16x
I still think there may be further downside until the company confirms some sort of US recovery, however this IRI IMO is becoming a compelling buy if you believe the management can turn around the company, and there is no reason to think they cannot. I think I likened buying to IRI to DTL back in the day when you could pick it up for 50c, has some parallels IMO.
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I didn't invest waiting for the turnaround to occur... But IRI...
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Last
63.0¢ |
Change
-0.035(5.26%) |
Mkt cap ! $111.7M |
Open | High | Low | Value | Volume |
65.0¢ | 65.0¢ | 62.0¢ | $130.5K | 206.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14318 | 63.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
66.0¢ | 2274 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14318 | 0.630 |
2 | 1601 | 0.625 |
2 | 28413 | 0.620 |
1 | 16200 | 0.615 |
1 | 4000 | 0.610 |
Price($) | Vol. | No. |
---|---|---|
0.690 | 26900 | 2 |
0.700 | 80500 | 3 |
0.720 | 1800 | 1 |
0.730 | 50000 | 1 |
0.750 | 5000 | 2 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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