The market is uninformed of the potential and synergies of the MLC purchase. The market is still reeling from the royal commission in the wealth management scandal imo. Same applies to AMP. In the long run the market value of IFL will eventually catch up to the fundamental. Remember, in the half yearly the original business of IFL contributed little to the underlying net profit. I'm expecting the full year results to be much much better.
IFL Price at posting:
$3.53 Sentiment: Buy Disclosure: Held
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