Baillieu Holst trading idea of the day
Baillieu Holst trading idea of the day. Baillieu Holst Financial Analyst Nick Burgess has BUY rating and $1.20 price target. Overall: IFM has flagged a contract loss which, whilst disappointing, does not alter the scope of the potential growth opportunity facing the company over the next few years, in our view. BUY maintained. Investment view: Our positive investment thesis on IFM has been predicated on the broad scope of the potential market opportunity offered by the Superservice product suite. The loss of the Jaguar Land Rover contract, whilst disappointing, does not alter this opportunity in our view. Investors should continue to expect a strong multi-year growth outlook; we are forecasting a three year EPS CAGR of 17%. The company's strong financial position also means holders are rewarded with a reasonable dividend (FY15F yield of 4.3%) as well as the growth. After pulling back on the downgrade, quality growth in IFM is beginning to recover towards the 200 day MA from an oversold position.