Don't know where the SP will go but I agree that there is no short term positive catalyst to move the SP up. We already know Fy24 result isn't going to be great (they said similar to Fy23 but this could mean below FY23). The earliest we could see positive news is when H125 results are announced in Feb next year and that's if market conditions end up being better than they expected. I just can't see this going up before then. However, no one can time the market or know where the bottom is so I'm holding on to my shares and I'll top up if it gets near the $10 mark. Keep in mind that's another 30% off the current price. I think it will take further bad news to get it down that low.
IEL Valuation, page-89
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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 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| IEL (ASX) Chart |