I think that this is a good move. Businesses need to be able to play to their strengths and not be all things to all customers. While PPT makes good money out of Trustee Services, for IFL, it seems to be a bit of a nuisance. Selling it simplifies the business, and allows the management team to spend more time on the core profit making parts of the business.
HT1
Ann: Sale of Corporate Trust business, page-4
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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 |
