no I take that means “No, I do not care to share my...

no

I take that means “No, I do not care to share my calculations, showing why I expect a bank stock to have a better return than IFL”?

That’s a pity, because I would have really liked to understand based on what assumptions (and on what sort of time horizon) such outperformance would materialise, given (among other things):

- Slowing credit growth.
- Outsized bank exposure to the housing cycle.
- Secular downward pressure on banks’ ROE.
- Bank Price/Book ratios not providing much buffer against future ROE declines.

vis-a-vis

- Accelerating net inflows into the total pool of superannuation funds.
- Small IFL FUMAS exposure to the property sector.
- Remarkable resilience of IFL Net Operating Margins over time.
- Forward IFL PE ratio in the single digits.

Incidentally, given the general tone of this thread, I don't quite get what made you decide to participate in it, if you’re uneasy sharing the quantitative rationale behind your statements.

Cheers