Hi Macrosoft. I’ve been following this for a while. I’d really like to buy it, I like the business, and it would complement my portfolio nicely, as I’ve nothing in this field. And the price has come off a long way, which also attracts my attention. But, notwithstanding that the P in PE has already come off a long way, the PE still seems a bit high to me. Twenty-six times, and you have suggested a forwards PE of 19 times. I’m fine with a high PE if I can see the clear growth potential…I can see some here, but are student numbers and IELTS test takers going to grow beyond “incrementally”? I’m not quite convinced they are…are you more optimistic about the level of growth than I am? Anyway, there’s a lot to like, and I’m watching…just looking for a cheaper entry point.
IEL Price at posting:
$12.64 Sentiment: Hold Disclosure: Not Held
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