I mean't I think it is going to be a lean 2nd half of FY17. Leaner than the half we just had. This is only based on what IMF state in their case investment portfolio report. However there is not much else really to go on.
If you look at the case investment portfolio statement as of June 2016, they reported $732,523,000 for possible completion in FY217. In their most recent statement, which is as of Dec 2016, they predict only $238,491,000 for completion in FY17.
I take two things out of this:
1) It appears cases have been pushed back into FY18 due to delays
2) Income in the second half of FY17 will possibly be less than the first half
For these reason I am willing to sell at these prices on the possibility that I'll be able to reenter later in the year at a lower price.
I definitely see FY18 and FY19 being very positive for IMF regardless.
IMF Price at posting:
$1.96 Sentiment: Hold Disclosure: Not Held