IPM incremental petroleum limited

Hergerr,Thanks for that alert, useful to read what analysts are...

  1. 14,173 Posts.
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    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
 
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