ROTFL!!You’ve been wrong on this stock alright!! You’ve been...

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Rorschach88

3,378 Posts.

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31/07/24

11:52

Post #: 75001512
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Originally posted by Burgerbuns: ↑

I tend to agree with your sentiments. I've been wrong on this stock calling $15.60 a margin of safety. So I sold out during a spike in share price in the 16's. I made bugger all but didn't really lose anything other than opportunity elsewhere. I gave one poster a serve and they were right whilst I was wrong.

However, this is a good company and if IEL are suffering, then so are their competitors. I'm kind of the opinion that what doesn't kill you can only make you stronger. Yes I agree that the P/E is still high given the forward looking lack of growth. I'm of the opinion that the wheel will turn. Education is a huge industry and I'm not so sure that you'll ever get this with a P/E in the teens. At what point does it become an absolute screaming buy? Because let's face it, growth stocks are never priced cheaply. Yes, this doesn't seem like a growth stock right now. But...

So on a personal level, I've been buying back in. Without doubt it feels like I'm catching a falling knife. But I'm buying back in incrementally. Plenty of risk. However, I'm not a trader and whilst there might be opportunity cost elsewhere, if the market is truly forward looking, then I'd suggest that by the time the crowd has figured out that that there's money to be made, the share price will already have made substantial movements.

No doubt my comment will be the kiss of death. However, one day the shorts will unwind and I want to be there when it happens.

You've got to remember that this is a global business that is profitable and exposed to a huge market. We're not talking about "revenues". We're talking about a real business with pricing power. So yep, agree with your comment. I've been wrong many times before. Future risk v reward (not in the short term at least) looks to be enticing. We'll see.

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ROTFL!!
You’ve been wrong on this stock alright!!
You’ve been wrong on that p izza company you were ramping as well and that lithium stock.
Maybe you’re reading your charts upside down? Lol
GLTAH

IEL Price at posting: $15.05 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $13.16		Change -0.625(4.54%)		Mkt cap ! $3.747B

Open	High	Low	Value	Volume
$13.46	$13.56	$13.06	$4.012M	302.9K

Buyers (Bids)

No.	Vol.	Price($)
7	57	$13.15

Sellers (Offers)

Price($)	Vol.	No.
$13.16	493	8

View Market Depth

No.	Vol.	Price($)
12	1791	13.100
6	1356	13.090
7	1846	13.080
4	798	13.070
11	2625	13.060

Price($)	Vol.	No.
13.130	853	12
13.140	1217	7
13.150	646	5
13.160	1327	5
13.170	1724	4

Last trade - 12.22pm 13/11/2024 (20 minute delay)

IEL (ASX) Chart

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