Given that the ANZ deal was struck at $975m representing a pre RC multiple of around 25x FY17 NPAT (twice IFL's current PE) and that over $540m was raised at $10.51 a share, wouldn't the most shareholder value accretive move be to kill the ANZ deal, return the money and institute the mother of all buybacks giving existing shareholders a 20+% increase in EPS???
IFL Price at posting:
$6.46 Sentiment: Hold 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)