IEL 0.93% $14.06 idp education limited

Back to basically what it was pre budget announcement. Almost...

  1. 1,951 Posts.
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    Back to basically what it was pre budget announcement. Almost 60% drop from its all time high back at the end of 2021.
    Earnings (at least at the half year in Feb) were growing - Rev up 15% EBIT up 25%.
    A concern was the increase in debt from $218m to $284m (what was the explanation, does anyone know of the top of their head?)

    Current PE TTM shows about 21. Div. yield of about 3% (not great considering inflation is above that)

    Very interesting stock. Is this like ResMed where the selloff is overblown? Made a good 50% in 6 months from that. Very tempted to jump in here.
 
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