After IFL turned down the $4 offer, I believe Bain will still be interested in increasing their bid. A price of $4.20 seems likely, but they may aim directly for $4.50, as I understand IFL is the largest wealth management firm in Australia. This could put pressure on IFL, but in the long term, I think it has the potential to perform better and gradually return to the $5-$6 range. Letting go of a 178-year-old company doesn't seem like the best decision.
Again, this is just my personal opinion.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$3.48 |
Change
-0.045(1.28%) |
Mkt cap ! $2.314B | |||
| Open | High | Low | Value | Volume |
| $3.48 | $3.50 | $3.41 | $4.606M | 1.339M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 18122 | $3.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.48 | 21571 | 20 |
View Market Depth
| Last trade - 15.30pm 16/06/2025 (20 minute delay) ? |
| IFL (ASX) Chart |