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.
What dont you agree with? (not being a dick)All im saying is IEL...
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Last
$14.50 |
Change
-0.310(2.09%) |
Mkt cap ! $4.035B | |||
| Open | High | Low | Value | Volume |
| $14.85 | $14.99 | $14.28 | $69.96M | 4.794M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5285 | $14.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.50 | 7606 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| IEL (ASX) Chart |