why is ifn getting hammered? any thoughts?, page-21

IFN was topp loser of the week 2 weeks ago for AS200
Last week it was $th highest loser of AS200.
That's a pretrty woful record. I really think management need to make an announcment on this 20% fall in a month!

If it were a significant shareholderselling they would have to announce a change in holding. I thought it may be an institution offloading in small amounts so as not to bring on a sharp fall in SP. The Emu JV thing is well known and could be affecting sentiment which is, aquisituion = more debt, CR, dilution, etc. Also I think that the High $AU is a factor as a good slice of income comes from EU and USA. Therefore without hedging the income is taking a big hit based on exchange.

So not too many positives. At least it's holding today.
With the workl going green and renewables so important now you would thing this would be a market darling.
I'll never understand Australian investor sentiment!!
Cheers
Dave