IFL 0.48% $3.12 insignia financial ltd

"1 billion is well over 20x earnings. Just as well IFL didn't...

  1. 7,936 Posts.
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    "1 billion is well over 20x earnings. Just as well IFL didn't try to match the winner. Its too much in current fragile climate imo."

    Have you ever conducted any analysis whatsoever - besides what you read on HotCopper - of what IFL effectively ends up paying for businesses it acquires? Or are you just in the glib sound bite posting business?

    As for "fragile climate", I recall you being scared of the "fragile climate" since the All Ordinaries Accumulation Index was 60% lower.

    And weren't you also at one stage cautioning how Adele Ferguson's "Financial Services Scandal" histrionics in the AFR in relation to IOOF were going to expose all manner of fundamental flaws with the business? Yet 12 months later, you are a happy shareholder.
 
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