IFL 0.48% $3.12 insignia financial ltd

Short Positions Increasing, page-11

  1. DSD
    15,757 Posts.
    LOL. I STILL don't fully comprehend how IFL make money but thanks to your tip here on HC I've done very well trading IFL back in Feb/March. The HY div was massive and i expect it be repeated in FY result next month. I can't explain why IFL SP jumps around so much but I buy below $7.90 and intend to sell above $9.oo whilst collecting a gr div of about 40c along the way.

    The scandal from last yr (which became part of a Senate hearing) smashed SP down from 10.80 to 8.40. A class action has not eventuated and over time Mkt has forgotten about what happened a year ago.

    IFL will gain considerable increase to earnings from synergy benefits this FY as it brings acquisitions onto the same software platform. As i said before IFL is vulnerable (like all stks) to a collapse it world mkts but everything has some degree of risk. Brexit provided everyone with opportunity to get in or top up. Only 7 weeks to wait till year end. Will we get back above $9.oo? time will tell.

    Even buying at $8.00 will produce a gr yield of 10.2% assuming divs maintained going fwd. Looking back over past 12 yrs IFL have overall record of increasing divs so here's hoping.
 
watchlist Created with Sketch. Add IFL (ASX) to my watchlist
(20min delay)
Last
$3.12
Change
-0.015(0.48%)
Mkt cap ! $1.703B
Open High Low Value Volume
$3.10 $3.14 $3.06 $1.978M 635.6K

Buyers (Bids)

No. Vol. Price($)
34 44012 $3.11
 

Sellers (Offers)

Price($) Vol. No.
$3.12 8936 13
View Market Depth
Last trade - 12.40pm 04/12/2024 (20 minute delay) ?
IFL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.