IFL 0.32% $3.14 insignia financial ltd

Double whammy with the ANZ acq going through too. Can anybody...

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    Double whammy with the ANZ acq going through too.

    Can anybody clarify the potential impact of IFL matching BT Panorama.

    BT appears to be implying that with their platform having about $11b FUA, that their revenues would have fallen $50 (cash) or 70m (stat) in FY17.

    But that is a monstrous number if a proportionate fall was applied to IFL, with about $39b on platform, and another pile coming from the ANZ. As that appears to be over $200m revenue, and the market certainly isn't pricing in that sort of possibility.

    I'm feeling a bit lazy today - lol - just back from a week skiing
 
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