I keep changing my mind on whether I hope the ANZ acquisition completes, but either way ifl have over paid for the adg dogs. I’m sure they’ll turn it around eventually, but it was 150mil down the drain. Fortunately the market cap has lost about 2 bil so at least we are well compensated.
The key here is the remediation costs and uncertainty.
Hac do you want a throw out a number as your best guess for the updated remediation costs we can expect in August. I’m guessing it jumps up to about 100mil with a low level of confidence.
IFL Price at posting:
$5.31 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)