I picked up 50K of these for a dollar a week ago.
The lower dollar will add at least 10% to the bottom line alone going forward. Not many companies on the ASX have 95% of revenues in $US.
I'm expecting a 20% increase in profit for FY14 and will now become a potential take over target for a big US IT/software company or private equity with the lower $A.
Why buy blue chips when you can pile into something like this.
good strong result
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add IRI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
62.5¢ |
Change
0.045(7.76%) |
Mkt cap ! $109.1M | |||
| Open | High | Low | Value | Volume |
| 58.5¢ | 64.0¢ | 57.5¢ | $412.8K | 679.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2691 | 61.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.5¢ | 3969 | 1 |
View Market Depth
| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| IRI (ASX) Chart |