IDL is trading at a PE of around 6 over last years earnings per share.
What sort of re-rate would there be also if they ann a .01c div like last year.
based on the companies growth with contracts coming on stream and the future growth could this stock trade at a PE of 7 based on 6c earning a share ? rerating this stock to .42c.
have been purchasing more on the dips and just awaiting the market to re-rate this stock up late next month.
IDL Price at posting:
82.5¢ Sentiment: ST Buy Disclosure: Held