IFM 0.28% $1.78 infomedia ltd

$1+++, page-5

  1. 450 Posts.
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    IFM has been a beneficiary I think of the SNX takeover -quality techs with earnings are still in demand. Genuine global player with diversified currency risks and great margins - a really good story.
    Full year result should be a beauty - little risk of disappointment given they report unaudited figures on a quarterly basis.
    Given previous track record and projected growth fundamentals are cheap, and thanks to SNX there should be a the occasional bit of takeover froth.
    Short term I'd say 1.20 is easily achievable on back of FY03 result.
 
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