The Development Pipeline Review does not sound optimistic. IFN is pulling out of solar in Qld. I know big solar player RCR Tomlinson has collapsed but this could signal an opportunity as much as a warning. This comes on top of reports of IFN looking for a buyer. Why would you want to sell when the share price has fallen 30% in three months? No confidence in a turnaround? Finally there is the timing of the latest announcement after the market close. I hope I am wrong but red flags appear to be flying. We will see how the market reacts today.
IFN Price at posting:
47.0¢ Sentiment: Hold Disclosure: Held