Hergerr,
Thanks for that alert, useful to read what analysts are saying, even if don't agree.
Being biased and holding a swag of IPM, of course I agree with the FP conclusion that it's a bargain, however I"d say their discussion is pretty flawed:
1)Attributing sp entirely fall to the poo and weather is weak, as they've not mentioned 2 below:
2)Failure to achieve USR objectives clearly dissapointed the market, and accounts for much of the fall. Not even acknowleged by FP.
3)Attributing market discount for IPM mostly to soveriegn risk. I doubt this.
Still baffled by the market judgement of IPM, and by the recent Stock Analysis severe downgrade on them, and will patiently hold as a true believer.
EL
IPM
incremental petroleum limited
