Well catsecret, the Fin Review promotes the views of selected experts in the field that this merger:
* is a sensible move that has been mooted for some time,
* was purchased at an attractive price for IOOF shareholders,
* creates the third largest financial planning business in Aust,
* on the other-hand a notion is promoted that synergies may be difficult to see in the merger,
* a suggestion that longer term there are shrinking margins.
There are probably other takes in the media (which is where I get my info), however it looks to my mind as if there will continue to be a strong financial planning industry due in large part to the machinations/focus in the area and the realization that charting a course to financial happiness is in most cases difficult to achieve without accessing those in the industry.
That might sound simplistic, but that is my take.
From a charting perspective the sp is looking to break through at $8.50ish in order to create a strong rebound from here. As pointed out before ifl moves slowly, however this merger could see even more reason for conservative investors to nail their colours to the mast, I reckon.
In short I see the $8.01 as a low in the medium to longer term.
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Last
$2.70 |
Change
0.000(0.00%) |
Mkt cap ! $1.827B |
Open | High | Low | Value | Volume |
$2.72 | $2.76 | $2.68 | $2.147M | 787.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 15377 | $2.69 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.70 | 32647 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
30 | 18265 | 2.680 |
18 | 67298 | 2.670 |
11 | 68611 | 2.660 |
8 | 29726 | 2.650 |
4 | 13242 | 2.640 |
Price($) | Vol. | No. |
---|---|---|
2.690 | 27284 | 25 |
2.700 | 56885 | 18 |
2.710 | 72379 | 16 |
2.720 | 106282 | 14 |
2.730 | 45301 | 14 |
Last trade - 11.51am 26/07/2024 (20 minute delay) ? |
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