The life insurance business is undergoing a big shake-up with the bank owned arms looking to unload their life insurance arms. The opportunity for FIG to come in and increase its customer base with up-to-date products suggests that FIG has the opportunity to become a major player. If instituational buying of FIG is on the up then its only a matter of time before a re-rating occurs. In the short term the rumblings within the sector may cause a wait and see approach. However, another solid 6-monthly report may push FIG back up to 1.00. In the short term I look forward to continue building my holdings around levels under 0.75c .
FIG Price at posting:
70.0¢ Sentiment: Buy Disclosure: Held
