Listened to analyst report yesterday. IFL has 9% of Platform after deal will increase to 20% and become No1 In Australia. Deal will immediately add 20% growth to EPS However @ $3.50 existing shareholders will be diluted by 85% Means your got to get in it to stay with it. One off transaction costs will reduce dividend by -27% short term. At current price Dividend yield is 7.94% Figures are conservative. Long term deal is good.
IFL Price at posting:
$3.43 Sentiment: Buy Disclosure: Held
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