ING has been a steady performer – in spite of some industry headwinds and a change in CEO, the company has done well. I've been particularly impressed by (i) the emphasis on controlling expenses during a time when input costs have been rising and (ii) cash flow/management of working capital. The latter really is the key to the company's ability to pay good dividends and to return 33 cps in capital to us shareholders with a potential share buy-back to come.
After the recent price rise, I have downgraded my sentiment from "buy" to "hold' pending the release of the next set of results – I want to see the cash flow being maintained + debt levels being well controlled before considering adding to my holding.
ING - chart, page-4
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Last
$3.13 |
Change
0.030(0.97%) |
Mkt cap ! $1.133B | |||
| Open | High | Low | Value | Volume |
| $3.12 | $3.14 | $3.10 | $2.160M | 691.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $3.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.13 | 55165 | 9 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| ING (ASX) Chart |
