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.
Trading around a PE of 12 on FY11, which is historically fair...
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Last
$2.91 |
Change
-0.010(0.34%) |
Mkt cap ! $5.651B | |||
| Open | High | Low | Value | Volume |
| $2.94 | $2.95 | $2.87 | $11.42M | 3.936M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 211408 | $2.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 106143 | 4 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| IPL (ASX) Chart |