More good insights.
The analog that comes to my mind is banking, and particularly corporate/investment/'risk-taking' banking, post 2008. Revenue per front office employee eventually recovered post the financial crisis, but returns on capital / profitability were permanently and irreparably impaired by, among other things, a veritable explosion in compliance/support staff costs. It simply became a less profitable business as a result, across the industry.
Ann: IOOF response to APRA notice and action, page-46
Add IFL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.14 |
Change
0.010(0.32%) |
Mkt cap ! $1.703B | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.18 | $3.10 | $4.755M | 1.511M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16014 | $3.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 27892 | 7 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| IFL (ASX) Chart |
