Well FX starting to really bite IFM as old, in money, hedges roll off. Also hard to understand paying $4.7m cash for a business that delivered only $535K revenue and $1,000 profit for 4 months to December! It either means that they expect hockey stick earnings trajectory for acquisition, or is a poor reflection in their outlook on existing business - as they could utilise cash to buyback and cancel at circa 6 times earnings, now that is accretive providing your earnings do not fall!
Dont jump down my throut asf! only my humble and consistent opinion.
rgds
Well FX starting to really bite IFM as old, in money, hedges...
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Last
$1.67 |
Change
0.030(1.83%) |
Mkt cap ! $625.6M | |||
| Open | High | Low | Value | Volume |
| $1.59 | $1.67 | $1.59 | $618.1K | 373.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 180 | $1.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 8087 | 2 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| IFM (ASX) Chart |