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.
After IFL turned down the $4 offer, I believe Bain will still be...
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Last
$3.45 |
Change
-0.070(1.99%) |
Mkt cap ! $2.360B | |||
| Open | High | Low | Value | Volume |
| $3.48 | $3.50 | $3.45 | $335.1K | 96.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 36108 | $3.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.46 | 4384 | 4 |
View Market Depth
| Last trade - 10.22am 16/06/2025 (20 minute delay) ? |
| IFL (ASX) Chart |