IRE +13.91%: the big winner in today’s session, IRESS announced they have another bid on the table from EQT. The revised offer ranges from $15.30-$15.50/sh, up from $14.80/sh last month. The IRESS board has once again rejected the offer, instead backing themselves to accelerate growth, or perhaps squeeze a few more cents out of the bidders. IRESS also announced a $100m on market share buyback, doubling down on the view that they are trading below intrinsic value. The buyback will kick off after the Half Year results due out on 19 August.
scroll
Gerrish: The correction is done, we’re positioning for what comes next
Close
A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
Close
Friday 9th May – Dow up +254pts, SPI up +3pts
Close
Relevant suggested news and content from the site
Video
WATCH
Gerrish: The correction is done, we’re positioning for what comes next
The Market Matters lead portfolio manager talks the recent recovery, Trump, gold, and why he thinks there's plenty of opportunities.
Video
WATCH
A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
Recorded Monday 31st March
Podcast
LISTEN
Friday 9th May – Dow up +254pts, SPI up +3pts
Daily Podcast Direct from the Desk
Members only
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.
