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IPL in free fall -

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IPL in free fall -

Anyone out there aware of any 'bad' news that could be affecting IPL. PE is below 10 and div yield above 4 yet price being pushed down. I know that weak rand affects their import business but 20% drop since start of year is surely overdone. Any comments .....
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Re:IPL in free fall -

well, after all those acquisitions - their debt to equity is close to 1 - in a rising interest rate environment coupled with declining industry. Not good at all ...
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Super Contributor

Re:IPL in free fall -

Have a look at WHL, MSM and IPL chart. Price have come back to suppport level.
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Regular Contributor

Re:IPL in free fall -

Mark Lambarti new CEO!!
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Contributor

Re:Re:IPL in free fall -

Does Mr Lamberti buying signal confidence in the company. Bought and paid for around +-80,000 shares (average +-R169/share) and 'bought' a further +-130,000 (maybe allocated at nil cost), and all this in the last two weeks.
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