Yeah, depends on profit. Honestly hard to say what P/E it would be on if it got to $4. Either earnings take a fair hit or it over-corrects (probably best scenario for us).
Yeah, depends on profit. Honestly hard to say what P/E it would be on if it got to $4. Either earnings take a fair hit or it over-corrects (probably best scenario for us).
and closed at $10.76 today .... seven years laterClosed at ATH today of $10.38c.
- but not cheap, PE in high 20's. Gearing creeping up @ 57%Ben Clark (TMS Capital): Mine's IRESS Market Technologies. So this is a fairly mature tech business I'd say. It's not going to have kind of the hypergrowth that the businesses that are flying at the moment, but it's quite defensive. It's got the number one platform that financial planners use in the country. It's also got the IRESS screens that a lot of advisors use. It's the dominant player, it puts up its prices consistently each year, it is slowly expanding offshore, and it's starting to get some gains there. Did a capital raising recently, reaffirmed guidance for the year, it's going to pay about 4.4 per cent, 40 per cent franked. And it is unloved. It is well off its recent highs. I think that for me is a buy.
Has been higher, but plodding along.
They kept adding bells and whistles.I haven't used the Iress trading platform for more than a decade. Has it improved at all? I doubt it.
And today: Iress advises that discussions between Iress and EQT have concluded and that the parties have been unable to agree a transaction. As a result, the Process Deed, incorporating exclusivity terms, between Iress and EQT has been terminated.11 Aug - EQT Fund Management lifted its takeover bid for Iress to $15.91 per share when including a cash dividend of 16¢ per share. Previous proposals assumed there would be no dividends paid by Iress. The offer was at a 45 per cent premium to June trading, when initial reports arose a takeover.
..... against a backdrop of challenging macro conditions, Iress experiencing some timing delays to the conversion of new sales opportunities which are expected to impact FY22 guidance. In addition, there have been some higher than anticipated supplier costs largely in technology and in part driven by FX rates on USD pricing.
Iress’ CEO Andrew Walsh, noted, “Profit expectations for the second half of this year have been impacted primarily by delays in the timing of new client opportunities. In addition, some costs are higher than we previously expected, including US dollar priced technology and software. While external macro conditions are volatile, we are making good progress in executing on our long-term strategies to build a more profitable and efficient Iress.”
Don't know but it's dead at the moment.So why is everything so quiet on the IRE hack and ransom case?? This is surely huge?? What are the implications for Commsec etc??
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?