IFL 0.48% $3.12 insignia financial ltd

"I'm not holding this stock but for those who are should be...

  1. 7,936 Posts.
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    "I'm not holding this stock but for those who are should be ready for a possible 8% drawdown from market open on Wednesday because the placement being conducted today is fully underwritten and won't be done below $10.35. So this is likely to see the SP take a hit particularly as the purchase will cost $975m and a further $130m integration costs over the next 3yrs, totalling (1.1bil). This is not a small chunk for a company with a market cap of around roughly $3.4bil. I'm in no position to give investment advice, please DYOR. It's not in my portfolio and I don't think I will dip in as yet."


    @dml477,

    I think you and I must have been reading totally different company presentations in relation to this transaction.
 
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Last
$3.12
Change
-0.015(0.48%)
Mkt cap ! $1.703B
Open High Low Value Volume
$3.10 $3.14 $3.06 $1.978M 635.6K

Buyers (Bids)

No. Vol. Price($)
34 44012 $3.11
 

Sellers (Offers)

Price($) Vol. No.
$3.12 8936 13
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Last trade - 12.40pm 04/12/2024 (20 minute delay) ?
IFL (ASX) Chart
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