they need to spend money to make money. they appear to have underinvested in their businesses since the acquisitions.
Alexis George, who used to run their ANZ a portfolio that they bought, is now at AMP soon. There will be an arms race for talent and for getting the support of the regulators for their growth strategy.
IFL Price at posting:
$3.64 Sentiment: Sell Disclosure: Not Held
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