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clock Created with Sketch. 19/05/16
09:47
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Originally posted by madamswer
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"One Billion acquisition on top of the recent (and fairly expensive according to a financial planner i know well) acquisition of another FP/superannuation outfit seems too much too fast. Why not consolidate and bed down what you have? " disposal acquisition fairly expensive according to someone you know ", maybe - instead of relying on the grapevine for the representation you make here - you should just spend a few minutes scanning a very few pages of the official, audited financial literature that the company goes to the trouble of making available for us investors (under the direction of the ASX and in a standardised manner, as prescribed by the accounting standards), in order to get to the real answer.
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Good post. My friend owns a FP business and he reckons IFL paid too much. But PE of 10 and maybe less is fine. Seems FirstState are also bidding for the business and will IFL be able to duplicate the ratio?
(20min delay)
