IGL 0.26% $1.89 ive group limited

Fy24? Expectations

  1. 1,519 Posts.
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    IGL updated guidance (slight increase) on 28th Feb this year

    EBITDA - $127m - $132m
    EBIT - $77m - $82m
    NPAT - $41m - $44m

    Share price has been steadily falling from recent highs of 2.34 (March 11th) to 1.83 today. 9.5c FF divi paid during period.

    Should they hit the low end of the guidance its currently trading on PE around 6.8 and 10% FF divi yield. Market Cap $282m

    Risks - Is management up to the task after untimely passing of Geoff.? Lasso bleeding more money, turnaround not happening? Softer revenue due to economic conditions, JacPak integration issues or synergies overstated?

    Already my biggest position but seriously thinking of buying more heading into results.


 
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