Yes IFL has no franking credits and not paying a dividend is a good thing, new shareholder in at $2.30 last month post the report. Lots to like about the cost out and restructuring going on at IFL. Lots of work to be done but the no dividends was a great call, EBITDA is strong and will pay off debt fast. The company is trying to become a growth stock and i'd rather them grow revenues, cut costs and use some capital losses and a buyback before resuming dividends TBH.
Unfranked dividends are a pain and the old IFL management paid more dividends than the company could afford so they needed to be dialed back anyhow.
Lets see if this thing can get through $3, i'm happy to hold until $3.50 plus
IFL Price at posting:
$2.99 Sentiment: Buy Disclosure: Held
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