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Fangk

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26/02/16

12:36

Post #: 17125082
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Originally posted by SuperWealthy ↑

She has bounced back a little, I topped up at $7.47 and then reviewed the reports to try and get a fix on what happened. A few things I took from the report:

1. At $9.34 (yesterday's close) IPH is a $1.7 billion company and has reported (half year) earnings of $32 million - if they report $64 million EBITDA for the year we have a p/e around 26 which is not obscene but probably needs some growth to justify - does the market believe the growth will happen? Based on today, some clearly do not.

2. Dividend of 11c per share (8.8c franked) announced. Do some sectors see this as a bad play? Possibly taking cash away from the growth and acquisition plan? Possibly but hard to fathom given they have $77 million cash, no debt and about $100 million undrawn bank facilities.

3. Money may simply be flowing out of stocks like IPH and into sectors offering a greater possible bounce (see resources/materials stocks) and this may be motivating some selling.

4. The margins IPH works with are incredible. I reviewed a report the other day for a company generating $3.4 billion earnings for about $250 million profit. Comparably - IPH generate $32 million earnings and yield $23.4 million profit.

I'm sticking with this LT.

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Well said SW. I have a question to ask you. Usually people use Adjusted Earning or Reported Earning to calculate P/E ratio? Is the used earning of EBIDTA or after some of the components stripped off? I have been confused by this. Cheers

IPH Price at posting: $6.60 Sentiment: Buy Disclosure: Held
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0 Great analysis

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Add IPH (ASX) to my watchlist

(20min delay)
Last $5.08		Change -0.060(1.17%)		Mkt cap ! $1.578B

Open	High	Low	Value	Volume
$5.17	$5.19	$5.08	$2.281M	446.3K

Buyers (Bids)

No.	Vol.	Price($)
6	19240	$5.08

Sellers (Offers)

Price($)	Vol.	No.
$5.10	2799	2

View Market Depth

No.	Vol.	Price($)
1	1335	5.980
6	25069	5.950
2	6370	5.940
1	3489	5.930
1	534	5.920

Price($)	Vol.	No.
5.990	2951	3
6.000	5688	3
6.010	8304	2
6.020	7870	3
6.030	16750	2

Last trade - 16.10pm 22/11/2024 (20 minute delay)

IPH (ASX) Chart