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Does anybody in the team have an opinion on whether IFM is still a good medium to long term growth stock and whether at current levels one should be adding more. Knowing that the Montgomery Fund is a substantial shareholder does give me confidence.
Thankyou in anticipation.
A: Thanks for your question on Infomedia (IFM).
Whenever a company goes through a period of friction between the CEO/board/shareholders, the share price drops – and that is what you have been seeing at IFM.
It sounds like this is now largely over, although the stock remains relatively friendless.
At around $0.76, it is trading on a reasonable multiple of 16.2 times FY16 earnings. Not bad value, however, not outstanding value.
My caution on this little micro-cap, with almost no analyst coverage is – what is going to be the catalyst to take the share price higher? It will need an institution to step in and drive it up. Perhaps the Montgomery Fund might step in.
