Balanced Portfolio - IPD Group (IPG)
Buy Add 1.5% (Raise total allocation from 2.5% to 4%)
Date: 27/02/2024
*** GENERAL AVICE ONLY***
IPD Group Limited, based in Australia, specializes in distributing electrical equipment, offering various solutions under well-known brands like ABB, Elsteel, Emerson, and Red Lion. They provide services such as installation, calibration, maintenance, and more. Serving a diverse customer base including switchboard manufacturers, wholesalers, contractors, and utilities, the company has a long history since its founding in 1889 and was previously known as Alstom Industrial Products Limited before changing its name in 2006.
IPD has recently released earnings and the numbers were extremely impressive. Bells analysts has also just upgraded IPD. This means the recent pullback is an opportunity to buy IPG at levels where the downside risk is easy to manage. Look to increase the balanced portfolio allocation around $4.70
IPD Group – Total Portfolio Allocation 4%
Entry: $4.70 | Target: $5.30 | Stop: $4.20
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.