What is really interesting whowever is that from the same period that GNS share price plummetted (from late Feb onwards), IFL's SP lifted quite significanlty and has continued to do so to this day. The market hasn't seemed to flinch. Any thoughts?
The earnings may be down in the next announcement but I think IFL will survive. Just looking at the GNS Buyers v Sellers list and buyers outnumber sellers 5,583,811 to 4,462,614. I know this ratio is not the be all and end all but its a good indicator of where the SP for GNS is heading and it seems to be up.
I'm not trying to talk the company up because quite frankly I don't have enough at stake and I'll be holding for a while but I really think that IFL has a lot more going for it and I wouldn't be surprised if by the next 6 monthly statement, their internal cost cutting and business restructures absorb a significant portion of any write down from GNS.
IFL Price at posting:
$7.00 Sentiment: Hold Disclosure: Held
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