Not much detail here and I certainly can’t speak for their sentiment but seemed the result was ahead of their estimates.
http://www2.aspecthuntley.com.au/pdf/bellpotter/companyprofile/today/IFL_cp.pdf
Essentially they think cost cutting is over and gross margins will continue to decrease resulting in net margin reduction.
They still see profit up to 230mil in 2 years and dividend maintained.
Would be interested in your interpretation of their assessment. I don’t think automation is maxing out - actually the opposite, and I see the added scale of the anz transaction helping with margins.
Not much detail here and I certainly can’t speak for their...
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$3.14 |
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