After IFL turned down the $4 offer, I believe Bain will still be interested in increasing their bid. A price of $4.20 seems likely, but they may aim directly for $4.50, as I understand IFL is the largest wealth management firm in Australia. This could put pressure on IFL, but in the long term, I think it has the potential to perform better and gradually return to the $5-$6 range. Letting go of a 178-year-old company doesn't seem like the best decision.
Again, this is just my personal opinion.
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Last
$3.47 |
Change
-0.055(1.56%) |
Mkt cap ! $2.324B | |||
| Open | High | Low | Value | Volume |
| $3.48 | $3.50 | $3.41 | $5.981M | 1.735M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 324 | $3.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.13 | 2004 | 1 |
View Market Depth
| Last trade - 15.59pm 16/06/2025 (20 minute delay) ? |
| IFL (ASX) Chart |