IBA - IBA Health

[Fleeta]

IBA Health

IBA Health have had a barrage of announcements in the past few weeks...they are better rampers than Chicken...but the market isn't buying into any of it...share price very stagnent around 50c. Which is what I got back in at after selling earlier in the year for 75c.

They started a dividend policy this year and if the recent announcements hold weight, should grow earnings significantly over the next few years.

Anybody else think this stock is significantly undervalued?

 

[Basilisk]

You keep these Fleeta? They're doing well - up over 6% to .95 so far today.

 

[billhill]

Hi guys.
Been doing a heap of research on this stock but not able to find much information regarding the indian and chinese markets it is trying to establish itself in. Can anyone tell me the level of compitition they face here and the kind of growth prospects for healthcare in these markets in general.

 

[billhill]

This stock is up over 10% today. Is anyone else watching this stock. Just announced a joint venture in china to supply internet services to 180 hospitals and are setting up a chinese health television channel. Good platform for further growth. what do others think.

 

[Duckman#72]

Hi Billhill

Yes - noticed the announcement today. I read a positive report in The Australian about two weeks ago about these guys. About the same time as your previous post. I put them on my watchlist - but no further.

Regards

Duckman

 

[redandgreen]

Hi Billhill

Yes - noticed the announcement today. I read a positive report in The Australian about two weeks ago about these guys. About the same time as your previous post. I put them on my watchlist - but no further.

Regards

Duckman

when you look around the market atm, apart from the highly speculative end, I think IBA offers outstanding potential as a good long term investment.
I have done very well out of them in the last 12 months.
I will buy more on the dips

 

[LifeisShort]

I've been following this stock for some time. Great turnaround story with plenty of upside still left. The next 12 months could put this company on a road to success.

I've owned the stock since $.40c and I'm holding on for dear life.

 

[Porper]

I've been following this stock for some time. Great turnaround story with plenty of upside still left. The next 12 months could put this company on a road to success.

I've owned the stock since $.40c and I'm holding on for dear life.

IBA seem to go unnoticed here but had a nice breakout a couple of days ago but volume was low.

Better volume today and if the wave count is correct, a target of around $1.55.

I have these a while as a medium term investment but I am tempted to trade this next potential leg up.

Please note that I am wrong 50% of the time.

 

[LifeisShort]

I think the uptrend will continue due to the company being a good growth story stock. This year should be better than last.

 

[LifeisShort]

A breakout today from the 1.28 levels to over 1.30. Anyone has any ideas why it has jumped today. Is there a research report out?

 

[deftfear]

Not sure about a research report, but there appears to be a lot of small trades ie 100-400 shares being sold, I'm not sure of the significance of this, but I think someone has written about it on another thread somewhere.

 

[LifeisShort]

Well its hit 1.37 which is a big jump of almost 10 cents. There must be a write up of it somewhere.

 

[Peakey]

IBA moving along nicely, has today broken out from a micro pattern.....

See weekly chart showing support/resistance.

 

[LifeisShort]

There must be some article or research note out somewhere on IBA thats come out recently and pushed the price up. Anyone???

 

[billhill]

No article that i know of. I expect that their is likely to be a positive anouncement released soon that is causing the price to rise. I noticed that yesterday two senior directors bought up more shares in the company. Possible insider buying IMO.

 

[LifeisShort]

Well its racing ahead of something. Hit a high of 1.43. This stock is in a great position because its in IT and Healthcare......can't get a better combination of industries IMO. IT seems to be picking up again and healthcare is always good hence high valuations are present. I've been following IBA since they dropped to 38c and have been strong supporter ever since

 

[billhill]

Yeah must admit this one may turn out to be a gem. Especially if they can consolidate their position in china.

 

[LifeisShort]

This stock never ceases to amaze me. Smart Investor had it in its top 20 stocks for 2007 (I can't remember which analyst mentioned it). All I can say is come on baby

 

[Sanhedrin]

I have been on this since it was just over $1 the fundamentals appear to be.
Quite sound and the company is growing, if the China deal takes off who knows, could turn out to be a rippa.

In a big way.
Very Happy Investor.Ha Ha

 

[Porper]

IBA seem to go unnoticed here but had a nice breakout a couple of days ago but volume was low.

Better volume today and if the wave count is correct, a target of around $1.55.

I have these a while as a medium term investment but I am tempted to trade this next potential leg up.

Please note that I am wrong 50% of the time.

Still not popular with ASF members but IBA has performed brilliantly in the past few months.

Having a fairly major...ish retracement at the moment.

I find the daily chart difficult to label, but it seems that wave 5 has completed and we are in wave A of an A, B, C correction which could take us down to around $1.18 in theory but in this market maybe we won't get that far.

I think it is a great stock to trade using Elliot wave an Fib and when .............if we get a decent retracement there could be another potential great trade coming up.

Any positive criticism , thoughts welcome.