Ann: IOOF response to APRA notice and action, page-66

I can second that and feel your pain Master Spock. I am also down 45% on IFL, more or less even with ANZ and the only financial gem I still hold confidently is MQG as well. I have a long term view in these investments, so not sure I'll be cutting losses either. I don't see the sentiment turning unfortunately with the RC reports, new government and general global trade/financials weakness. In my opinion, if IFL delivers on their growth figures (excluding ANZ Wealth), in their March report, I doubt this can recover meaningfully in the next few years.

For these reasons and disclosure, I probably will be looking for a bounce to sell part of my IFL holding to re-allocate it elsewhere.