Since the litigation win last week IINET has been hovering in...

  1. 13,197 Posts.
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    Since the litigation win last week IINET has been hovering in and out between $2 - $2.20

    One day up 10 percent, the next day down 10 percent

    As a half year profit announcement steaduly approaches. a lot of punters and investors will seriously consider climbing aboard

    Previous posters have pointed out, the stock is very illiquid, so it will not take a lot for the momentum of the share to swing to the upside and accelerate swiftly, I believe towards $2.50

    I estimate a fully franked dividend of 5 cents/share, half year profits between 16 and 17 million dollars and revenue around 265 million dollars

 
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