IPL 0.64% $3.11 incitec pivot limited

kevi goes long here @ $1.665, page-31

  1. 1,287 Posts.
    hector,,you have to ask why the market was only giving it a pe of 5 yesterday"

    Hey.
    I dont think the yesterdays price was based on the past profit. Most, were expecting a drop in profit, some more than others. I just dont think the last years profit has much to do with this years and also that this year has much to witrh next years!
    Hopfully for me the sellers today were part of the (again hopfully) smaller population of investers who thought things were better than they are.

    This is a big stock so in the next couple days we will know where the ballance is.

    Good luck
 
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