IHG currently trading at p:e of around 10 according to one broker's website. Global company, produced profit just reported, slightly down but did well in harsh market since global company which sells not only in Australia, but Europe, USA and other parts of the worlds. Many contracts with major banks in Australia
According to final report, profit should increase next year since tax payments should be reduced compare to this year. Also within a few years, 50% of revenue will be recurrent stabilizing the business.
ANZ hold approx 9% of company.
I'm sure many of us have used their terminals this week, I think coles myer uses the Intellect range. (http://www.intellect.com.au is company website with pics).
Might be worth a look at these levels, hit a low few weeks ago at 32c, could be forming a possible double bottom if holds this level... and paying almost 1/2 what ANZ payed for it he he :P
IHG
intellect holdings limited
