What dont you agree with? (not being a dick)
All im saying is IEL current cashflow doesnt justify its price in a stable environment, and only makes sense if there is a lot of growth outlook.
I dont see that growth outlook, particularly with current australian discourse on immigration, and australia being a huge market for IEL.
IEL own presentation highlights the stagnant growth in the industry, not just for australia but most western markets.
I cant see the share price recovering from here given earning multiples are still high for a low growth, let alone flat or falling growth industry.
IEL Valuation, page-7
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Last
$14.91 |
Change
0.500(3.47%) |
Mkt cap ! $4.149B | |||
| Open | High | Low | Value | Volume |
| $14.43 | $15.08 | $14.42 | $17.34M | 1.165M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 4283 | $14.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.03 | 4160 | 3 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| IEL (ASX) Chart |