Agent Smith says: "Regardless of if it is a great result the market is going to hammer this because it's gone up so quickly. Going to end in the red today for sure."
Agent I fear you may not be happy with the impact of these results over time. This looks to me like an integration story that is beginning to work. They have a clear plan, increasing FUM, synergies working out and ramping, and structural advantages now.
This may well be the beginning of a re-rate as people consider the steadily reducing risk with this company!
As a long I am quite pleased with this announcement and happy to have taken a considerable position over the last year. I look forward to more announcements like this one.
Cheers.
Cuppa
IFL Price at posting:
$5.16 Sentiment: None Disclosure: Held
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