I have always had the thought IFL is ripe for some sort of M& A activity, either being taken out by one of the four majors or AMP, although the ACCC may have something to say on that ,or itself merging with or taking over a smaller regional bank or even one of the larger non-bank financial institutions eg credit union. I think it would even make a good fit with Macquarie Bank.
It could even suit an AVIVA type group who want to expand here or perhaps a global bank ie HSCB who may want to join the big league in wealth management/financial services.
There are endless possibilities and I don't think the valuation metrics would be a major stumbling block.
Having said all ,I do not have a position and have been an observer from around the high $6.00 mark.
IFL Price at posting:
$8.95 Sentiment: Hold Disclosure: Not Held
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