At the current PE, DY, and Div stability, buyers are building up. This is an income stock, and they cant be beat at the current 6.9% DY. The SP has strong support at $2 so I'm not particularly concerned on short term SP gyrations.
The outlook for the next year is very bullish. The weakness in the SP has been a function of the reduced divvy from 2016 - and as that is to pay down debt, I don't see it as an issue.
If they deliver on the forecast EBITDA of $54-57M, from the current $21-odd, we should see the SP appreciate.
'tis the Season, page-4
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Last
$2.17 |
Change
0.010(0.46%) |
Mkt cap ! $323.7M | |||
| Open | High | Low | Value | Volume |
| $2.17 | $2.21 | $2.17 | $747.9K | 341.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4606 | $2.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.19 | 442 | 1 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| IGL (ASX) Chart |
