The final bid should be at least $5 is my guess following due diligence. With a battle between Bain and CC to provide their best offer to secure a growing long term business, they’d have to outbid each other to secure the business.
These guys have done the long term calcs for revenge and profits. Helped by general market movements upwards over time and compulsory super, which increases 0.5% to 12% from 1 July 2025. And a 0.44% net revenue margin on any growth in FUMA. That’s theoretically, an extra $132million in revenue on 10% growth in FUMA. And with cost to income ratios coming down, historical remediation costs coming down and program completion soon, that’s an attractive proposition, for a business with the scale of IFL.
IFL Price at posting:
$4.68 Sentiment: Buy Disclosure: Held
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