Way oversold considering profit was down ~15%. And that they said they still expect to hit FY guidance. The question is how the mkt rates management to delivery this result. The price drop indicates some doubt.
Sellers at the low of 88c have dried up over the last few days and today looks like a victory for the bulls, BUT it was on the lowest vol for the last week or so. However, it was ~avg vol before the flurry which began 23/2. Macq sold up their holdings on 27 Feb and this was the last day of high vol driving the price down. Roll on next week which includes XD (DIV just 1c) on 8/3
IDL Price at posting:
92.5¢ Sentiment: ST Buy Disclosure: Held