51MEDIUM

IBC

IRONBARK FPO [IBC]
Ironbark Balanced Income Limited is an closed-end balanced mutual fund launched and advised by Kaplan Funds Management Pty Ltd. The fund has an income emphasis and invests in the public equity and fixed income markets in Australia. It seeks to invest in stocks of companies operating across diversified sectors. The fund invests in various companies listed on the Australian stock exchanges. The fund seeks to benchmark its performance against RBA Cash Rate +3% p.a. (after management fees) and pays a quarterly dividend. Previously Ironbark Capital Limited was formed in March 1987 and is domiciled in Australia.
Financial Services · ASX Small Cap
$0.4300 +0.0%

Updated 26 Mar 2026 · Scores refresh every scan

Score Breakdown

Technical56
Catalyst50
Sentiment50
Fundamental91
Momentum64
Risk Gate40
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Active Signals

Bullish Signals

  • Volume surging at 20.5x normal while price falls — heavy selling pressure
  • Sitting near support — this level has held before and could attract buyers again
  • Beating the Small Ords index — relative strength of 1.13, so it's outpacing the pack
  • Volume-price trend suggests distribution — sellers may be sneaking out while price holds
  • Volatility is contracting — like a spring being compressed, breakouts often follow
  • Trading above the 200-day average — the long-term trend is on your side
  • Cash positive / operating cashflow positive
  • Moderate P/S ratio (9.1x)
  • Strong revenue growth (+28%)
  • Piotroski F-Score strong (9/9, low-confidence approx)
  • Small-cap ($20-100M)
  • CANSLIM C: Positive EPS growth (14% QoQ)
  • CANSLIM A: Strong annual earnings CAGR (31%)
  • Healthy profit margins (70%)
  • Sentiment is mixed — no strong consensus either way
  • Liquidity risk: 8 zero-volume days in last 20
  • RBA hiking (-5pts)

Risk Signals

  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Overseas neutral (-1pts, S&P500 neutral, VIX 25)
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Recent Catalysts

NONE Update - Notification of buy-back - IBC
NONE Net Tangible Asset Backing
NONE Update - Notification of buy-back - IBC

Recent ASX Announcements

2026-03-23 Update - Notification of buy-back - IBC
2026-03-12 Net Tangible Asset Backing
2026-03-11 Update - Notification of buy-back - IBC
2026-03-09 Update - Notification of buy-back - IBC
2026-03-02 Notification of cessation of securities - IBC

Key Metrics

$43.6M
Market Cap
26K
Avg Volume
20.5x
Vol Ratio
$0.41 — $0.46
52-Week Range
N/A
Short Interest
N/A
Cash Runway
5.6%
ROE
70.1%
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSweakEPS Growth: 14%
AAnnual EarningspassCAGR: 31%
NNew Highs / Catalystsneutral
SSupply & Demandinsufficient_dataFloat: 0%
LLeader vs LaggardlaggardRS: 0
IInstitutional SponsorshipweakInst: 5%
MMarket DirectionneutralNeutral

Sector: Financial Services

Ranked #23 of 115 · Sector avg: 45

View all Financial Services signals →
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NCC 55RMC 54IFL 53CVW 53MME 53
Compare:IBC vs NCCIBC vs RMCIBC vs IFL
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