Ann: Insignia Financial FY24 Results Announcement, page-40

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gc2016

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23/08/24

12:10

Post #: 75341392
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Originally posted by roughie12: ↑

I'm long, the new management is shaking the foundations that has been needed for decades. The last two MD's just kept buying businesses much like the old QBE pre the GFC. That always ends in disaster as cost out and no internal growth is not a good nor sustainable way to grow a company.

Scott has put the cleaners through the place very aggressively from what i have heard from mates and the old days working in Government like staff conditions and no direction are now over. The EDITDA lift was good and will only keep lifting, staff and operational costs are coming down as needed to boost cashflow and pay down debt.

It was either pay a dividend and dilute shareholder or cut the dividend and get the business back on track, they chose the later and that's the smartest plan. Scott was handpicked to get master trust back firing as it's half of the company's revenue. The largest shareholder chose him from all accounts and they are a turnaround specialist that are currently under water.

New MD wipes the floor and cleans out the dead wood, tick. Increased EBITDA and reduces costs, tick.

Give him a couple of years and IFL will be trading $4 plus again. MKT cap currently $1.6 billion and EDITDA $381 million and lifted 11% and will lift again with reduced costs and dead wood/cleaner business model. Now work out the PE ration on EBITDA and some good on the horizon, just a a free cashflow multiple is not expensive plus the added retained earnings negative losses to chew through and tax a minimum for years to come. IFL will be a growth stock not a dividend paying dog going backwards in my eyes. I'll take growth over dividends every day of the week.

GLAH and lets see what the September/October Master trust plan is when it's unveiled to the market

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you may be right, but the question is will it survive before opportunistic TO bids are made at lows....

IFL Price at posting: $2.37 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $2.62		Change -0.010(0.38%)		Mkt cap ! $1.757B

Open	High	Low	Value	Volume
$2.62	$2.65	$2.60	$2.883M	1.099M

Buyers (Bids)

No.	Vol.	Price($)
1	6130	$2.62

Sellers (Offers)

Price($)	Vol.	No.
$2.63	2426	2

View Market Depth

No.	Vol.	Price($)
1	6130	2.620
7	99982	2.610
6	17111	2.600
6	31512	2.590
2	9978	2.580

Price($)	Vol.	No.
2.630	2426	2
2.640	10378	2
2.650	58322	5
2.660	45365	9
2.670	2406	1

Last trade - 16.10pm 01/10/2024 (20 minute delay)

IFL (ASX) Chart

Ann: Insignia Financial FY24 Results Announcement, page-40

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Ann: Insignia Financial FY24 Results Announcement, page-40

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