IRI my June pick.
The weekly chart strikes me as fitting the mould of a bottoming stock. Obviously it has been levelling out for many months but for around 15 months there has been a preponderance of tiny bodied candles - a sure-fire sign! We can see that the momentum indicators have been diverging positively to price until recently as it tests the previous low. The weekly volume profile shows negative spikes yet the price has remained fairly buoyant - a total giveaway of bot churning!
A few IRI factoids to bolster the t/a:
The M.D/CEO is annex COO of Technology One (TNE). Tick
However, it has to he said, he cultivates facial hair. Cross
Founder Steve Killea still a big shareholder, 30%, albeit he sold a large whack at the height of IRI's market in Mar 2018, ushering in a 60% price drop by year's end. Did it for charity, lol. Killea started the company in his flat above a Sydney chicken shop (not his parents' garage)
IRI has some massive clients: see slide
Prior to the last two depressed financial years it was normal for IRI to earn a ROE of around 30%. In fact the median ROE figure for the last 9 years including the poorly fy21 and fy22 is 30%. IRI trading at 0.7 x book value.
Held @ 0.43 avg
Not a rec, just a spec punt
WEEKLY
DAILY