Sorry to be such a pessimist but despite Mr.Cohens glowing testimonial IBA has traded sideways for a long long time. The markets response to new contract wins is muted to say the least as was the reaction to them retiring a significant portion of their debt. What will be the driving factor to lift the price to where it was three years ago ?. I recently took up my share in the entitlement offer so as to average down. Avg now 0.67. Next tome it trades above this level I'm out. Holding for three and a half years for no return, sorry but there are more attractive opportunities out there.
IBA Price at posting:
63.5¢ Sentiment: Hold Disclosure: Held
