Ultimately the maximum amount that any of the bidders are willing to pay will be dictated by their own valuation of IFL. This will be based on the underlying reason for interest in the company.
An ‘opportunity purchase’ due to the current share price and business performance could only see a final offer around the $4.60 or a tad higher. Alternatively If the reason for buying the company is to gain a strategic foothold into the Australian market enabling other opportunities/business strategies to be implemented, this could see a bidder willing to pay a far greater premium.
So many unknowns from all the parties involved including the IFL Board and major shareholders and what they perceive as the future value.
Good luck to all who have a piece of the pie and hopefully you get what outcome works for you.
IFL Price at posting:
$4.39 Sentiment: Hold Disclosure: Held
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