Thoughts on IPH please

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Question asked 22/01/2024

Thoughts on IPH please

What are your current view on IPH, any change from your view point in November's Q&A answer on 18th November? Richard To James, Shawn and all the M & M team members wishing you a very Merry Christmas and exciting 2024. My question today is gather your thoughts on the I P services company IPH. I have held this company in my portfolio for about 3 years but in the last 3 months I'm a little worried about the decline in their share price.Their last financial report seemed ok but cash flow was a concern. Your thoughts would be greatly appreciated ? Kind Regards Rob

Answer

Hi gents,

The view remains, which is it looks okay under $7, however we continue to believe the market will only turn more positive if we see stabilisation/improvement of A&NZ market share to restore investors confidence in what the sustainable organic growth outlook actually is. They report on 13th February so more information will be available then. If we held, we would get more information before making a definitive call on this one.

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IPH Ltd (IPH)

LAST UPDATED 22/01/2024 11:49

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