IFL insignia financial ltd

0.29%

$3.49

interesting thoughts. Get the interest for another 6 months then...

First 14 Last

Share
Profile

Follow
Just_a_guy

5,426 Posts.

298

28/04/19

09:09

Post #: 38291771
Share

Originally posted by CaptainBarnacles: ↑

They could set up the office very quickly with interim management. Obviously there are obligations that the superannuation trustee will have, and it could be preferable that the carrying out of these obligations does not impact the 2019 FY accounts. There are a lot of people who could do that job.

I think APRA are being fools if they actually grant that extension. They should be putting somebody/anybody into the job in an interim capacity right now if IFL don't want to do it, and there are a lot of people who could be appointed at a high hourly rate (I would do it for those sorts of rates - anybody else putting up their hand - lol). And if that job ad is still out now . . .

The timing is too fishy IMO. The previous timeline would have ensured that the FY19 reporting included input from the new OST. Now if the delay occurs the ANZ will not have any OST input into the FY 19 reporting either, and neither will shareholders or ASIC. Might this delay some necessary disclosure for up to another year?

I have seen delaying tactics before, and this looks like that to me. Best case would be if the "delaying tactics" were aimed at getting out of the ANZ PI acquisition. That $112m pa in coupon interest is a ripper deal, so maybe drag it out as long as possible, but $800m is a huge amount of money to pay for a business that is now probably a (relative to the initial deal date) poisoned chalice.

All IMO obviously

Expand

interesting thoughts. Get the interest for another 6 months then get the 800mil back. What a dream.
I doubt that’s the case though, just a slow process with lawyers and agreements etc.

IFL Price at posting: $6.46 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

NVO

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

AL3

AML3D opens new facility in Ohio as US Defence strategy bears fruit

PIQ

Proteomics notches up as company launches PromarkerD into the US

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

PV1

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

First 14 Last

Add to My Watchlist

What is My Watchlist?

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)
Last $3.49		Change 0.010(0.29%)		Mkt cap ! $2.340B

Open	High	Low	Value	Volume
$3.47	$3.49	$3.44	$24.22M	6.965M

Buyers (Bids)

No.	Vol.	Price($)
2	89566	$3.49

Sellers (Offers)

Price($)	Vol.	No.
$3.50	40371	8

View Market Depth

No.	Vol.	Price($)
1	3500	3.430
1	5923	3.370
3	4986	3.350
1	7552	3.310
7	31466	3.300

Price($)	Vol.	No.
3.500	25485	5
3.520	10000	1
3.580	3332	1
3.590	14006	2
3.600	4870	2

Last trade - 16.10pm 20/06/2025 (20 minute delay)

IFL (ASX) Chart

interesting thoughts. Get the interest for another 6 months then...

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Proteomics notches up as company launches PromarkerD into the US

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

interesting thoughts. Get the interest for another 6 months then...

Top Stories

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Proteomics notches up as company launches PromarkerD into the US

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News