Anyone have any ideas what is affecting the SP of IFM??
I have been a long time holder and have sold out and bought in a couple of times. I believe IFM is ready to really prosper from here. They reported record high EPC subscriptions and so too for their Superservice menu subscriptions. They have about $14 million in cash and at todays close a market cap of $110 million. EBITDA is expected to be $21-$22m and NPAT of $13-$13.5m.
The above achievement is even with the strong AUD hurting their profits. I can see very little downside and a whole lot of upside from 34c.
Stock is usually illiquid so 2 million share turnover unusually high and could be to do with Opes Prime. Looks to be a good opportunity to pick up some more.
Thoughts??
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Last
$1.57 |
Change
0.035(2.29%) |
Mkt cap ! $588.1M |
Open | High | Low | Value | Volume |
$1.54 | $1.57 | $1.53 | $1.019M | 660.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 38957 | $1.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.57 | 670 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 38957 | 1.550 |
1 | 1078 | 1.545 |
1 | 1078 | 1.540 |
1 | 1078 | 1.535 |
3 | 6830 | 1.470 |
Price($) | Vol. | No. |
---|---|---|
1.565 | 670 | 1 |
1.570 | 1078 | 1 |
1.575 | 1078 | 1 |
1.585 | 15000 | 1 |
1.600 | 15776 | 1 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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IFM (ASX) Chart |