Time to Pivot to Incitec (IPL) --- reporting monday -- at 12.5 times, what could go wrong

Ninus Kanna
Ninus Kanna Quay Global Investors

Time to Pivot to Incitec (IPL) --- reporting monday -- at 12.5 times, what could go wrong? Msg me for our report!

Australia equities

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Ninus Kanna

Looking at its past and its articulated, conservative strategy based on cash flow generation, we are confident the firm is able to provide the returns going forward to allow a certain payback on investment at current share prices. As the market becomes more sure of this, itsearnings multiple will re-rate accordingly. On this basis of fundamental investing, we would be quite happy buying Incitec at current levels. Contact me at ninus@fairmontequities.com

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