I think this is correct in relation to revenue, probably driven by our ageing population of retirees who require advice the most, but if the property bubble bursts all bets are off - the share price will not reflect a fair earnings multiples, but rather drop like a stone with the rest of the asx in what would create mass hysteria. However the burst wont happen within the next 3 years, there is still allot of room to lower interest rates and of course print money in our own QE if necessary. I dont expect a bubble burst, but rather a 10 year deflation period until house prices better reflect Australian's capacity to pay. Surely the ability to pay has peaked with stagnant wages and the current level of interest rates?
IAM Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
