interesting post, relaxan. I note that you have put this post in the general section- any reason for that?
IFM seem to be doing fine. They have a strong dividend (1.2c), and will maintain that as per their dividend policy, unless circumstances change for the company. This is like every other company on the ASX. The record date is coming up soon.
All holders and the market know that IFM has more profit on a lower AUD. We currently have a high AUD. The market has priced this in to the IFM share price, which is going ok. We're up nearly 30% over the last few months. The market is showing faith in IFM- it's solid. They've hedged successfully to mitigate the rising AUD.
IFM will, imo, continue to get subscriptions for their Microcat system- they have a virtual monopoly in this area. As a turnaround story, they've continued to get results and got a major contract a few months ago.
How do you know the stock well?
beware of what the future holds, page-2
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Last
$1.66 |
Change
-0.025(1.49%) |
Mkt cap ! $623.8M | |||
| Open | High | Low | Value | Volume |
| $1.65 | $1.68 | $1.64 | $371.0K | 224.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2553 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.66 | 1989 | 3 |
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| Last trade - 15.07pm 01/07/2024 (20 minute delay) ? |
| IFM (ASX) Chart |