I am starting to acquire now at $4.10
The underlying business model is just fine, international students are not going to zero, they are coming off very high 2022/23 numbers.
At share price of around $4 and future earnings of 30c, PE is only around 13 times for a quality business. Market was too exuberant previously and now is panicking.
IEL will start to cut costs given revenue declines.
I am starting to acquire now at $4.10The underlying business...
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Last
$3.59 |
Change
-0.030(0.83%) |
Mkt cap ! $999.2M | |||
| Open | High | Low | Value | Volume |
| $3.59 | $3.67 | $3.53 | $10.85M | 3.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5394 | $3.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.60 | 6500 | 2 |
View Market Depth
| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| IEL (ASX) Chart |