Thanks Giant, it does seem attractively priced at the moment....

Thanks Giant, it does seem attractively priced at the moment. Though I should disclose that I don't have a large position because IOOF (approx 2.5%) does appear more risky than many of the larger industrials listed on the ASX. However, to compensate for that risk, it has a large potential upside.

The future earnings growth the ANZ WM acquisition was taken from slide 23 in "Investor presentation 1H18 results" released on the 16/02/18 and combined with existing organic growth. Only an estimate, but if they can get the acquisition well integrated it should be achievable.

Unfortunately, world markets were up last night. Currently in the process of withdrawing a chunk of funds from an international FM, so I can buy a few of these well priced larger industrials and a little more on shares in fund managers. Hopefully things won't move too quickly in the next few days.