TASE:ILDCReal Estate
Land Development Of Nimrodi Group (TASE:ILDC) Stock Flat As One Off Gain Clouds Earnings
Land Development of Nimrodi Group stock has been treading water in recent weeks, even with the share price around ₪40 and only a small move over the past month. The earnings headline tells a different story. Q2 basic earnings per share came in at ₪0.98 with net income of ₪39.83m, which keeps a very strong trailing 12 month picture alive on paper, helped by a large one off gain of ₪693m.
The real question for you is time horizon. Short term traders are reacting to modest price moves. Longer...