Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James and Team, Good work with all the excellent research. A few weeks back you mentioned you like ING in the $3.50-$3.60 range. As I am writing this, ING is at the bottom of that range. Are we still looking to buy some around here? Cheers, Richard
Hi Richard.
As we discussed last month we liked ING’s strong 1H24 result in February with earnings (EBITDA) up 66% to $138mn and as you say we flagged the $3.50-60 area as our optimum buying. Nothing has changed but as “real money” managers we cannot buy all stocks which enter our Buy Zone but ING is definitely a switch candidate moving forward if one of our holdings reaches our Sell Zone.
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