IMP imperial corporation limited

Dissapointing price action, but not unexpected given there is...

  1. 8,333 Posts.
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    Dissapointing price action, but not unexpected given there is plenty of loose stock around.
    Despite the volume, only $700k worth of stock has traded today, so there is no serious money getting involved eitherway.

    At 0.07 it has an EV of $60m, which is about right , but if you believe that IMP has bought assets well (which it certainly seems to have) than a higher share price can be justified.
    Also looks like they are about to embark on an investor roadshow with the preso and consolidated accounts, so we may yet get someone taking a more agressive position in the stock in the next while.
 
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Currently unlisted public company.

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