Not much detail here and I certainly can’t speak for their sentiment but seemed the result was ahead of their estimates.
http://www2.aspecthuntley.com.au/pdf/bellpotter/companyprofile/today/IFL_cp.pdf
Essentially they think cost cutting is over and gross margins will continue to decrease resulting in net margin reduction.
They still see profit up to 230mil in 2 years and dividend maintained.
Would be interested in your interpretation of their assessment. I don’t think automation is maxing out - actually the opposite, and I see the added scale of the anz transaction helping with margins.
Ann: Investor presentation - IOOF FY 2018 results, page-24
Add IFL (ASX) to my watchlist
 (20min delay)
|
|||||
|
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 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| IFL (ASX) Chart |
