IL&P shares 'a good buy'

BUY Irish Life and Permanent shares to get a 3.8% dividend in May, Dolmen Stockbrokers advised clients yesterday.

IL&P shares 'a good buy'
Thu, 06 Mar, 2003 - 00:00
Conor Keane, Business Correspondent

Dolmen analyst Stuart Draper rates IL&P shares a buy after the company announced a record result which surpassed broker expectations. The share price rose by 0.9% on foot of the excellent results, to €8.95 yesterday.

Mr Draper believes IL&P shares are seriously undervalued, even if there is no improvement in equity markets from current levels for the rest of 2003.

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CourtsPerson: Stuart DraperPerson: DraperPerson: Merrion StockbrokersPerson: David WentPerson: WentOrganisation: IL&POrganisation: Irish LifeOrganisation: PermanentOrganisation: Dolmen StockbrokersOrganisation: DolmenOrganisation: IL&POrganisation: IL&P group
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