I’m a buy for IAG. Given people do not understand insolvency at the best of times, my sense is the market is misreading the impact on IAG. And my general approach to investing is that intelligent contrarianism makes money.
In my view, IAG is a well managed, diversified, profitable business, and their last response to an unexpected exposure to business interruption risk was to raise capital. If they had exposure to Greensill, there would likely be a cap raise. They have informed the market promptly that there is no exposure to Greensill, and the current pricing makes the P/E and potential upside for growth even more appealing.
DYOR but I’ll be topping up.
I’m a buy for IAG. Given people do not understand insolvency at...
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Last
$6.26 |
Change
-0.070(1.11%) |
Mkt cap ! $14.94B | |||
| Open | High | Low | Value | Volume |
| $6.37 | $6.38 | $6.25 | $17.85M | 2.847M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24106 | $6.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.28 | 28282 | 5 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$6.26 |
Change
-0.070 ( 1.36 %) |
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| Open | High | Low | Volume | ||
| $6.36 | $6.37 | $6.25 | 1114631 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| IAG (ASX) Chart |