IGL 0.98% $2.03 ive group limited

I don't want to sway anyone one way or another. To be fair, I...

  1. 4,287 Posts.
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    I don't want to sway anyone one way or another. To be fair, I have some reservations about the degree of disclosure & clarity in the accounts (eg operating lease outflows, and the division between leased equipment vs property). But i do concur with your general message. It's funny isn't it, the Ovato acquisition, almost regardless of how you look at it, makes IVE a stronger business. And yet (in the short term, at least), the market is penalising the business simply because it hasn't quite lived up to the intial expectations (on short term numbers) and because it's come with some "restructure" expenses. Go figure.

    Truth is, regardless of Ovato, IVE is a stronger business today than it was in 2017.

    I just have one question for you. Are you sure you are comparing EBITDAs on a comparable basis (AASB 16)? I'm not at my computer at the moment.

 
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