Being dumped from an index is bad news. But it does not change the fundamentals, which are great news. Still overgeared, but If you combine the results of the last two HYs you get a PE of 8.9. Very good. And revenue is growing slowly but surely year on year. And they mentioned that they may consider a dividend at the end of 2019. Also, the fact that the price bounced back after the initial (small) fall after the S&P ann. is a positive sign for the shareprice. But I'd still expect a short term decline after the removal cuts in.
IFN Price at posting:
49.0¢ Sentiment: Hold Disclosure: Held
