The thing that struck me during the Q&A session was the myopic focus of the broking analysts on the current "noise" in the wealth management industry. Some of the questions concern such arcane minutiae, that I often wonder what analysts actually do with the answers they receive.
I am sure the strong "recency" bias evident during the Q&A would have been manifest in the notes that those brokers sent out to their clients this morning.
The herding instinct of broking analysts is a great ally of the value investor who is able distil that which is relevant, from the great many pieces of information that are totally irrelevant.
I have been adding meaningfully to my holdings today.
Ann: Investor presentation - IOOF FY 2018 results, page-20
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Last
$3.14 |
Change
0.010(0.32%) |
Mkt cap ! $1.703B | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.18 | $3.10 | $4.755M | 1.511M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16014 | $3.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 27892 | 7 |
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