I would love to see Tanarra Capital spring an updated sub holder notice on us shortly after averaging up. Unless of course they’ve been pulled into confidential discussions with IFL and/or suitors, then there should be no limitation or standstill on them soaking up this SP weakness and benefitting from the potential acquisition re-rate. If $5 is minimum, buying at the current price would potentially deliver a 13% yield over a very short term. I think Wylie earlier expressed a view that he continued to support IFL’s transformation without ruling out the acceptability of any revised offers. Would be a bullish sign from him if he values the business at - or more - than the $5-ish mark with or without a final bidder on the home straights.
IFL Price at posting:
$4.38 Sentiment: Hold Disclosure: Held
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