I agree its not that simple, but using FY2023 as a reference point is a bit backwards looking. FY2024 looks a lot lower, and their H1 2024 earnings result is less than a third of their H2 2023 result, and analysts (for what they are worth) forecast going forward isn't a whole heap better. I'll agree that their stock is significantly cheaper than it was at their peak during H2 2023, but don't feel it is enough yet.
I'm here cause I am watching the stock for an entry, but feel there is more downside to come before that happens, potentially into the $4-5 range (technically) unless the industry rebounds. I haven't done a complete analysis of the stock as yet, but its current market cap is a bit rich for me atm given current and future cashflow outlook.
- Forums
- ASX - By Stock
- New all time high
I agree its not that simple, but using FY2023 as a reference...
-
- There are more pages in this discussion • 94 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IGO (ASX) to my watchlist
(20min delay)
|
|||||
Last
$5.92 |
Change
-0.070(1.17%) |
Mkt cap ! $4.558B |
Open | High | Low | Value | Volume |
$6.00 | $6.07 | $5.92 | $14.64M | 2.410M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 8448 | $5.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.93 | 15618 | 30 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
40 | 22507 | 5.960 |
28 | 17713 | 5.950 |
19 | 31469 | 5.940 |
16 | 23155 | 5.930 |
13 | 17399 | 5.920 |
Price($) | Vol. | No. |
---|---|---|
5.970 | 14418 | 36 |
5.980 | 14719 | 29 |
5.990 | 20574 | 17 |
6.000 | 30189 | 22 |
6.010 | 26702 | 15 |
Last trade - 13.38pm 20/06/2024 (20 minute delay) ? |
Featured News
IGO (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online