IFL 0.60% $3.33 insignia financial ltd

Ann: IOOF Q4 FY2021 Business Update, page-18

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  1. 163 Posts.
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    I sold at $4.25 on the day the Business Update was announced, not because it was bad, but because it might be "perceived" by the market as negative. It's a fool who tries to predict what the market will do, but today I jumped back in at $4.18. The outflows referred to in the Business Update is all water under the bridge, and with $510 billion of FUM, the stock is compelling value. Renato Mota has a strategy and a plan, and will deliver further gains when MLC becomes fully integrated under the IOOF banner.
 
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