Since the ANZ profit release (yesterday) and the revelation as to the NPAT performance of the business being sold to IFL, the IFL share price has increased 2.6%. I think that is confirmation from the market that it thinks the deal will proceed and therefore much of today's SP gain was based on that point.
One attribute that IFL has is its ability to integrate acquisitions well and realise the synergies available.
In the context of possible regulatory change the realisation of synergies from the ANZ deal may become a critical buffer against the costs imposed by implementing changes emanating from the work of the Royal Commission.
So if the ANZ deal proceeds IFL must retain Chris Kellaher to at least complete the full integration notwithstanding his poor performance at the RC hearings and the follow on calls for his sacking.
Cheers..............Daicosisgod
IFL Price at posting:
$7.06 Sentiment: Buy Disclosure: Held
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