I think people were still discounting this early on as it looked like a "cyclical" play exposed to building and construction rather than defensive
But I would think lots of the electricity infrastructure needs to be replaced and maintained time and again. So there is a recurring feel to the business. And they mention this in the last report and IPO.
In their last reco 5 months back, Bell had a target of 2.34. So it's interesting they are putting a sell.
IPG price action, page-30
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Last
$4.86 |
Change
0.050(1.04%) |
Mkt cap ! $503.9M | |||
| Open | High | Low | Value | Volume |
| $4.80 | $4.92 | $4.77 | $1.314M | 270.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1281 | $4.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.86 | 3433 | 2 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| IPG (ASX) Chart |