Gold prices bounce off 3-week lows; demand likely longer term
Robert Dechant, the Chief Executive Officer of IBEX Ltd (NASDAQ:IBEX), recently sold a total of $72,182 worth of common shares, according to a filing with the Securities and Exchange Commission. The company, which InvestingPro analysis shows is trading near its 52-week high of $22.52, has demonstrated strong financial health with a "GREAT" overall rating. The transactions occurred on January 24 and January 27, 2025, involving the sale of 3,208 shares at prices ranging from $22.50 to $22.5008 per share. Following these transactions, Dechant holds 223,633 shares of the company. These transactions were executed under a prearranged trading plan. With the stock showing a remarkable 26% gain over the past six months and trading at an attractive P/E ratio of 11.4x, investors should note that IBEX's next earnings report is scheduled for February 12, 2025. For comprehensive insider trading analysis and 13 additional ProTips, visit InvestingPro.
In other recent news, IBEX Ltd has made significant strides. The company has completed a $70 million share repurchase from The Resource Group International Limited (TRGI), effectively altering its ownership structure and ending its status as a "controlled company" under Nasdaq rules. The repurchase involved 3,562,341 common shares, paid with $45 million in cash and a convertible promissory note valued at $25 million.
The company has also reported a strong start to fiscal year 2025 with record Q1 revenue of $129.7 million, a 4.1% increase from the previous year. Adjusted EBITDA rose to $15.6 million, while adjusted EPS saw a 30% increase to $0.52. Based on these results, IBEX Ltd has revised its full-year revenue guidance to between $515 million and $525 million, with adjusted EBITDA expected to reach $67 million to $69 million.
Moreover, at its annual general meeting, shareholders approved several key proposals. The board of directors' size has been set, directors have been elected, and the company's auditor for the upcoming fiscal year has been appointed. These developments reflect the company's commitment to strong corporate governance and shareholder value.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.