Australia's largest stock trading and investment forum Australia's #1 stock forum

IPP

Click for more information

0.00%

$3.98 iproperty group limited

Most of the directors are Catcha Group and they own 16% and want...

First 28 Last

Share
Profile

Follow
oggy0907

1,942 Posts.

03/11/15

10:25

Post #: 16313972
Share

Originally posted by malay ↑

Agreed with you IPP has build itself to such a level as to gain recognition for its performance and thus its SP.
Morningstar has IPP valued at $4.50 and that was before the recent quarterly report which way outperform its expectation.REA itself is worth over $50 and IPP has a bigger potential market and less competition than REA. IPP has potential to run hard for the next 2 years and its SP will follow suit. The bid is nowhere near this and there is no premium build into the bid. For the directors to accept this is an injustice to the shareholders, they would have to do better than that. I thought a SP of $5 has a bit of premium, at the current bid price, the directors are not doing any justice to the shareholders. I do not know how the directors can look their shareholders in the eyes. The bid is shameless and opportunistic and likewise the directors will have a look into the mirror at themselves.

Expand

Most of the directors are Catcha Group and they own 16% and want the money. No wonder they accepted easily

IPP Price at posting: $3.85 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

ACW

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

NHF

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

Trump is President Again: What Does This Mean for Crypto?

There are more pages in this discussion • 9 more messages in this thread...

First 28 Last

Add IPP (ASX) to my watchlist