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
$15.57 |
Change
0.070(0.45%) |
Mkt cap ! $4.333B | |||
| Open | High | Low | Value | Volume |
| $15.40 | $15.57 | $15.31 | $15.53M | 1.002M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 261 | $15.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.57 | 3275 | 2 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| IEL (ASX) Chart |