Thank you for your post and taking the time to comment. Very interesting. And you're right,... lack of guidance on forward earnings and the effects of government policy changes isn't, as you say, helpful. Please be advised, I have "no agenda". I don't own IEL. I am not short IEL. I'm just interested in the collective wisdom of people who know the business better than I do and what they think of pundits the likes of the ones who appear in the clip I posted.
Indeed, sentiment is driving the price down and isn't something one can just ignore. The eternal question is how far will it drop. Momentum may take it to $12, as I see predicted by some analysts, albeit analysts in the minority.
One question, with earnings growth of 25%+ as you say, wouldn't the forward PE be closer to 24 than 26.4 on the current SP?
IEL Valuation, page-37
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$15.01 |
Change
0.120(0.81%) |
Mkt cap ! $4.183B | |||
| Open | High | Low | Value | Volume |
| $15.08 | $15.23 | $14.92 | $11.17M | 735.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 940 | $16.51 |
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| Price($) | Vol. | No. |
|---|---|---|
| $13.51 | 5679 | 3 |
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| IEL (ASX) Chart |