This is starting to look like a pretty asymetric trade.
IEL has not missed a beat, despite all the headlines and expectations of a slowdown. They have increased market share, grown the top and bottom line and maintained margins.
Shorts have increase to an uncomfortable level. I'm taking a big postiion here, I think the market has this very very wrong and is about to pay for it.
IEL Valuation, page-16
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Last
$14.16 |
Change
-0.305(2.11%) |
Mkt cap ! $3.949B | |||
| Open | High | Low | Value | Volume |
| $14.44 | $14.47 | $14.05 | $3.833M | 270.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 1995 | $14.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.16 | 1418 | 18 |
View Market Depth
| Last trade - 13.26pm 08/07/2024 (20 minute delay) ? |
| IEL (ASX) Chart |