Revenue was looking consistently good (pretty much) over the last 10 years. But then came the Royal Commission, and Operating Performance went to pieces; and incumbent management headed for the hills.
New CEO R. Mota, since 27.06.2019, had to rejig the business model, and thus IFL (including a name change) becomes a kind of 'turn-around bet'. ... and the annual report is quite a piece of work to go through.
I bought in in March last year at $3.25 and rode it up to the high of $5.37 last year, and did not sell. Moral of the story: these turn-around stories are not a one-way street. There are always some legacies coming up and other unknown unknowns. I think, this explains the current weakness in the SP.
But, I like the direction the management is steering, and these sort of businesses are here to stay. Adding on more shares makes sense to me.
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Last
$2.98 |
Change
0.100(3.47%) |
Mkt cap ! $1.998B |
Open | High | Low | Value | Volume |
$2.90 | $2.99 | $2.90 | $10.09M | 3.413M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 800 | $2.97 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.99 | 51180 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 800 | 2.970 |
3 | 15429 | 2.960 |
2 | 39384 | 2.950 |
5 | 50401 | 2.940 |
1 | 10000 | 2.930 |
Price($) | Vol. | No. |
---|---|---|
2.990 | 51180 | 8 |
3.000 | 323601 | 40 |
3.010 | 36581 | 6 |
3.020 | 14168 | 4 |
3.030 | 20168 | 6 |
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