IFL insignia financial ltd

No this is done because there is a rule against self...

  1. 1,746 Posts.
    lightbulb Created with Sketch. 562
    No this is done because there is a rule against self acquisition. IOOF is a wealth manager and also a listed stock. A listed company can't just run around and buy its own stock whenever it wants. As a wealth manager for superannuation funds and managed funds, there is a special exemption that allows them to buy their own stock, if that stock is for the investors in their funds. There's a lot of other rules around how they do it as well. You'll see similar disclosures for other listed asset managers (NAB used to own MLC and so they had to use the exemption and disclose too).
 
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
$3.45
Change
0.010(0.29%)
Mkt cap ! $2.314B
Open High Low Value Volume
$3.45 $3.48 $3.42 $2.954M 855.3K

Buyers (Bids)

No. Vol. Price($)
3 32716 $3.45
 

Sellers (Offers)

Price($) Vol. No.
$3.47 500 1
View Market Depth
Last trade - 16.10pm 18/06/2025 (20 minute delay) ?
IFL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.