Hello fellow IFL holders.
I just bought in today, largely off the back of the FUMA ann.
I made a few assumptions:
1 - that the sp is primarily down from the prev. highs of nearly $12 because of the unresolved APRA legal action.
2 - that any remediation costs resulting from the above will not be devastating to the balance sheet.
3 - future dividends should be roughly in line with past dividends.
I'd appreciate any input you guys that know the IFL situation better than I do might offer in regards to those assumptions..
Cheers
Ann: FUMA for the period ending 30 June 2019, page-14
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