I can second that and feel your pain Master Spock. I am also down 45% on IFL, more or less even with ANZ and the only financial gem I still hold confidently is MQG as well. I have a long term view in these investments, so not sure I'll be cutting losses either. I don't see the sentiment turning unfortunately with the RC reports, new government and general global trade/financials weakness. In my opinion, if IFL delivers on their growth figures (excluding ANZ Wealth), in their March report, I doubt this can recover meaningfully in the next few years.
For these reasons and disclosure, I probably will be looking for a bounce to sell part of my IFL holding to re-allocate it elsewhere.
IFL Price at posting:
$4.54 Sentiment: Sell Disclosure: Held
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)