Ann: Investor presentation - IOOF FY 2018 results, page-71

Well, it’s most unusal for me to be pleased about a purchase, usually it’s on a sale that I feel pleased/relieved, but I must say Buying ifl at 850, and a dividend yield of 6.5% fully franked is quite pleasing.

Funny that both ifl and amp are down about 30% since the RC kicked off. One has had a complete overhaul of their management with no ceo, a reduction in dividend, a huge drop in profits, has been paraded around as unethical, and has large exposure to legacy payments, while the other has had an increase in underlying profit, stable dividend, stable management, significant growth over the next 3 years, and limited exposure to grandfathering.

So much for efficient markets...?