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...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$3.52 |
Change
-0.080(2.22%) |
Mkt cap ! $2.360B | |||
| Open | High | Low | Value | Volume |
| $3.57 | $3.57 | $3.48 | $7.580M | 2.154M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15629 | $3.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.52 | 39699 | 8 |
View Market Depth
| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| IFL (ASX) Chart |