IPL 0.69% $2.86 incitec pivot limited

keeps on dumping please!, page-16

  1. 549 Posts.
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    Trading around a PE of 12 on FY11, which is historically fair value. Forward PE of 11, which also seems fair seeings there is no dynamic short-term growth predicted.

    Depending on general market gyrations, I think it is near its bottom.

    I got in at $3.80 a few weeks back for a long term play and feel confident that there is not much down-side risk left but quite a bit of upside potential.
 
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