I'm not happy with the update. The share price performance is still appalling, ever since we were blind sided by the MLC take over, and the share price was annilhilated by the massive capital raise to purchase MLC. I was forced to average down, and thereby increase my holding in IFL, which I would not have ordinarily done.Today's results are ok, at least their not bad. At least their better than AMP's. But its just another plodding step in the long, long, journey to get this stock back to a reasonable valuation where money is being made.My frustration is that there are so many better investments, here and in the US, where my money would be working so much harder. I liked IFL up until the MLC takeover, which stranded me, and no doubt and whole lot of other shareholders. It will be fine in the "long run", but the "long run" is too long for me. I am hoping today I can get out at breakeven ($3.66). But the update doesn't look good enough to achieve that, yet.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)