IFL insignia financial ltd

Prior offer was $4. IFL has taken forever to hit $4. Now an...

  1. 4,877 Posts.
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    Prior offer was $4. IFL has taken forever to hit $4.
    Now an offer of $4.30? eek.png

    Seems to me like DEG, when NST offered a takeover over $2.10 and prices barely reached $2 and dumped towards $1.77 and lower. frown.png
    I made this thesis some time back in the DEG threads: https://hotcopper.com.au/threads/afternoon-trading-december-13.8365551/page-140?post_id=77039770

    https://hotcopper.com.au/data/attachments/6715/6715572-1ec77d8778c29d501ffa3f90727f73cb.jpg


    IFL has gone up on margin calls from 17th July til current. only 7M shares remain short. Could have just been catalysts to margin call them into highs before the offer declines or something else occurs. Just a funny feeling is all smile.png I believe sellers will be back soon I don't trust this news or the price action moving simply on shorts closing positions. GLTAHz! biggrin.png

    https://hotcopper.com.au/data/attachments/6715/6715576-8695feb116270d49c33f662d8b306d0d.jpg

    https://hotcopper.com.au/data/attachments/6715/6715580-67981cfffe431b921505a61a270d8e52.jpg


 
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(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
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