ASX:IRESoftware
Iress (ASX:IRE) Shares Reprice Around A Sharper Margin Story
Iress walked into this result with the stock up roughly 21% over three months and a modest 30 day gain, yet shares now sit at A$6.99 after a weak week. The mood has cooled just as the numbers highlight something different. The real headline is margins. Cash earnings before interest, tax, depreciation and amortisation jumped to a 24.5% margin in H1, while guidance points to higher full year cash EBITDA and underlying profit after tax.
Investors considering the valuation discount and trailing...