IFL 1.96% $2.26 insignia financial ltd

Ann: ANZ Wealth Management updated financial information, page-29

  1. 12,842 Posts.
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    Thanks Transversal.

    There is no way regulatory changes will take 30% of the EPS and cause a $700m destruction in the market capitalisation of IFL.

    As far as I know IFL has had an issue with compensation of around $18m for incorrect distributions and a far from perfect performance by the CEO at the Hayne Banking Royal Commission. Apart from that what has been the crime. I could also include some issues with the previous GM of Research but that has been dealt with.

    I would expect IFL to drop further until the first report is handed down by the Royal Commission in February, unfortunately.
 
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