yes, 2.50-3.50 would not cut it.
if any one were to bid it would take at least a $7-8 price tag. This has a solid foundation and well set up. Management have just lagged to keep it running and performing well.
Since the preferred smash repairer strategy culminating with the 'have to' diversify overseas strategy, IAG has been under intense pressure.
You have the executive for strategy still in her place and Hawker asking for a pay rise with the developments that have unfolded.
Bring in some expertise. AIG or ACE insurance would be happy to grab a portfolio and sizeable insurance book in a country like Australia. The 'fat' is just there to be cut.
possible takeover at this price, page-6
Add IAG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.05 |
Change
-0.070(0.98%) |
Mkt cap ! $16.71B | |||
| Open | High | Low | Value | Volume |
| $7.02 | $7.07 | $7.00 | $25.92M | 3.723M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 167448 | $7.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.06 | 16864 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| IAG (ASX) Chart |