Quick scan of this FY16 presentation & my overall take:
Currently priced at a p/e of 22ish, only modest growth factored in. The plan looks reasonable and getting a toehold in North America and/or Europe should deliver upside growth.
Respectable free cash flow @$39 million.
With $58.5 mill cash & $95 mill undrawn facility (no debt) the balance sheet looks extremely healthy and in the current economic climate they should be able to pick up a few more strategic acquisitions for low prices.
Looks like a reasonable hold & maybe even a decent buy right now.
Quick scan of this FY16 presentation & my overall take:...
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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 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| IPH (ASX) Chart |
