Electricite et Eaux de Madagascar SA EEM

Iren (BIT:IRE) has drawn attention after its share price closed at €2.44, with the move coming after a year-to-date decline of about 5.9% and a modest one-year pullback. Iren’s recent share price softness, including a 7 day share price return of down 3.17%, follows a more muted pattern this year. However, the 3 year total shareholder return of 65.57% indicates that longer term momentum has previously been much stronger. Compare Iren’s recent pullback with other potential rebound stories by...

Iren has delivered a strong 61.5% gain over the past three years, so the obvious question for anyone looking at the stock today is whether that share price now lines up with the cash it is expected to generate in the future. When a utility-focused business moves that far over a multi year stretch, the spotlight usually shifts from the chart to the underlying cash flows that are meant to support the current valuation. The 61.5% return over three years puts real weight on the question of...