IEF ief real estate entertainment group
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What are peoples view on Orbis Funds Management taking acirca...

  1. haka
    1,528 Posts.
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    16/12/08
    20:30
    Post #: 4612192
    What are peoples view on Orbis Funds Management taking a
    circa 20% stake in the fund.

    Also to bear in mind is that their price was north of 50c I believe.

    I think its good. From what I have read Orbis investments are value investors who look for mispriced investments that are likely to recover in the medium term.

    I think IEF is definitely a little unloved.

    They announced a very minor earnings downgrade, div of 5.5c for the coming year and yet they have been hammered and are in the 20-30c bracket...

    Ouch..

    I think its great buying at the moment and one of the safer property trusts.

    Please DYOR as I am often on drugs... (metaphorically of course)
    IEF Price at posting: 25.3¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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