External broker reports(aggregated public sources), Taylor Collison

Taylor Collison

Taylor Collison is a leading financial services firm, providing advice & wealth creation strategies to private & institutional investors and corporate clients throughout Australia. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>IPD released 1H25 earnings guidance landing around 10 percent below consensus expectations.</li><li>We’ve revised down our FY25 and FY26 estimates to reflect lower margins and sales growth, but we remain positive on prospects and a return to earnings growth in FY26.</li><li>After a sharp price decline, shares look cheap. We think this setback represents a good buying opportunity.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

IPD released 1H25 earnings guidance landing around 10 percent below consensus expectations.We’ve revised down our FY25 and FY26 estimates to reflect lower margins and sales growth, but we remain positive on prospects and a return to earnings growth in FY26.After a sharp price decline, shares look cheap. We think this setback represents a good buying opportunity.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

IPD Group (IPG) - 1H Setback Offers a Buying Opportunity