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.


2 topics

The Livewire Equities feed brings you a range of insights that relate to Australian equities

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.