JP Morgan rates IIF as Underweight - The broker expects interim earnings per unit of 8c, while it will look for any update on asset rationalisation and group gearing. With a number of challenges still facing the group the broker retains its Underweight rating leading into the profit result.
Target price is $0.36 Current Price is $0.10 Difference:$0.26 - (brackets indicate current price is over target). If IIF meets the JP Morgan target it will return approximately 260% (excluding dividends, fees and charges - negative figures indicate an expected loss).
The company's fiscal year ends in June. JP Morgan forecasts a full year FY09 dividend of 7.00 cents and EPS of 14.80 cents. At the last closing share price the estimated dividend yield is 70.00%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 0.68.
Market Sentiment: -0.3
IIF Price at posting:
9.9¢ Sentiment: Hold Disclosure: Held
