AEF 5.88% $4.00 australian ethical investment limited

Ann: IFL: IOOF Divests Stake in Australian Ethical Investment Ltd, page-2

  1. 3,573 Posts.
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    How come "The impact on underlying net profit after tax is immaterial".
    IFL would have got these shares at under $2, and that was before the split. Is $74M so small for IFL that it makes no difference. Or have they been equity accounting this holding since day 1?
 
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