Yeah agree the results are likely to surprise to the upside.
Noting the synergy costs in the prior year likely to have incremental positive impact on underlying profit.
The AET sale has gone to reduce debt which is good in the current environment given higher interest rates which should give management more confident of their capital management strategy including paying more dividends.
Also I am anecdotally hearing / seeing plenty of organic moves by MLC staff in advance of finalisation of integration in the last half year; this means no need to pay out redundancy costs and this adds to synergies / current / future profits.
Meanwhile super rates are to go up yet again this year to 11% so that will help for next year.
IFL Price at posting:
$3.43 Sentiment: Buy Disclosure: Held
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