Thanks Transversal.
There is no way regulatory changes will take 30% of the EPS and cause a $700m destruction in the market capitalisation of IFL.
As far as I know IFL has had an issue with compensation of around $18m for incorrect distributions and a far from perfect performance by the CEO at the Hayne Banking Royal Commission. Apart from that what has been the crime. I could also include some issues with the previous GM of Research but that has been dealt with.
I would expect IFL to drop further until the first report is handed down by the Royal Commission in February, unfortunately.
Ann: ANZ Wealth Management updated financial information, page-29
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Last
$2.32 |
Change
-0.180(7.20%) |
Mkt cap ! $1.556B | |||
| Open | High | Low | Value | Volume |
| $2.38 | $2.40 | $2.30 | $14.24M | 6.119M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 27551 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.33 | 30105 | 3 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| IFL (ASX) Chart |