20-Aug-2020:  FY2020 Financial Year Results   and   FY2020 - Financial Results Briefing   plus   Appendix 4E & Financial Report for FY2020

I don't currently hold IRI but I have in the past and they are certainly on my "to buy" watchlist - on a decent pullback.  They have been sold down today on these numbers - currently they're down by around -14%, so the market seems underwhelmed by this result and was clearly expecting more.  However this is a quality company with some massive customers and I'm still looking to buy if the SP gets down to $3 to $3.50 again - which is where they were trading for most of FY20 - up until June 2020 - they have looked overpriced up above $4.50, and they got down to $2.34 in March, so they more than doubled from there to their $4.90 close yesterday, obviously rallying hard into this result today.  Back in March however, we were spoiled for choice - with so many quality names available at bargain prices as so many investors cashed out of all assets, so everything fell, and I was focussed elsewhere at the time - on other sectors.

Anyway today's drop is a welcome start, but I'd like to see them drop a lot more to give me a better entry price.