Cracks me up how optimistic some people are on here about IPL.
As long as DAP keeps dropping sharply there is more downside risk to come for IPL. Could end up soon in the 200-300 USD range and might stay there for some time. If the AUD rebounds next year then the currency gain then gets eroded too making a double s**t sandwich (or should that be a triple s**t sandwich if you add the recent share issue).
IMO wait for a bottoming of the DAP price before re-entry. DAP prices mean almost everything to IPL. The rest is just peanuts to them.
fundamental analysis shows ipl now weaker, page-28
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Last
$3.06 |
Change
-0.055(1.77%) |
Mkt cap ! $5.884B | |||
| Open | High | Low | Value | Volume |
| $3.09 | $3.10 | $3.05 | $1.710M | 556.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 74761 | $3.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.06 | 23406 | 11 |
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| Last trade - 10.27am 12/11/2024 (20 minute delay) ? |
| IPL (ASX) Chart |