It is difficult to think clearly under the current circumstances but I am trying to work out what IFL is worth in a scorched earth scenario.
They have $500m cash if ANZ falls over. ($1.40 per share)
They have a average free cash flow over the last 8 years of about 57c per share.
So at $4.60 take out the cash giving $3.20
Based on historical averages, cash flow yield is then over 17%
Today's announcement has bought massive uncertainty to the business which the market despises but it is a viable business with a large pile of cash to buy back shares.
Is it time to be fearful or time to be greedy??
Ann: IOOF response to APRA notice and action, page-74
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Last
$3.13 |
Change
0.010(0.32%) |
Mkt cap ! $1.703B | |||
| Open | High | Low | Value | Volume |
| $3.10 | $3.15 | $3.08 | $7.825M | 2.512M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 41279 | $3.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.13 | 3265 | 1 |
View Market Depth
| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| IFL (ASX) Chart |
