IFL 2.44% $2.52 insignia financial ltd

Should the ANZ deal fold?

  1. 187 Posts.
    lightbulb Created with Sketch. 39

    With all the heightened risks around financial services revealed by the RC, is the ANZ deal still worth 25 x earnings? 


    Given that IOOF raised capital selling shares at $10.60, wouldn't the most value accretive place for IOOF to now allocate that money be in a massive share buy back at current prices?


    If ANZ's BOD have an obligation to act in the best interest of their super fund members, then surely selling their accounts to people accused of not being "fit and proper" to run a super fund would fail that test?


    Thoughts??

 
watchlist Created with Sketch. Add IFL (ASX) to my watchlist
(20min delay)
Last
$2.52
Change
0.060(2.44%)
Mkt cap ! $1.679B
Open High Low Value Volume
$2.50 $2.55 $2.47 $7.377M 2.930M

Buyers (Bids)

No. Vol. Price($)
4 84583 $2.50
 

Sellers (Offers)

Price($) Vol. No.
$2.54 97093 6
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
$2.53
  Change
0.060 ( 2.94 %)
Open High Low Volume
$2.45 $2.55 $2.45 380645
Last updated 15.59pm 29/03/2024 ?
IFL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.