IFL 2.20% $2.32 insignia financial ltd

IFL HY delivers the full package

  1. DSD
    15,761 Posts.
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    Just as i had hoped IFL has shown significant gains aross ALL the key metrics.

    UNPAT UP 18%
    Operating cashflow UP 10%
    Underlying EPS UP 11%
    Dividend (reason i bought) UP 14%!

    I targeted IFL as i hoped the stk would produce a very high dividend (i.e. gr yield) at/above 10%. With SP at $7.70 and ffr HY div of 28.5cents it extrapolates to a gross yield of a whopping 10.6%!!!

    Great effort by company has seen:
    Organic growth
    exc integration of acquisitions
    increased productivity (very pleasing)
    ROE of 13.6%
    Net debt/equity a miserly 12.8%

    Strengths
    Diversified earnings base
    Reliable cost control
    PREDICTABLE cash flows... phew!
    Positive LONG TERM (sustainable) fundamentals with more people and high per capita growth. (see graph p.20)
    Plus this model has the ability to SCALE.

    Very satisfied shareholder. One of the few stks i intend to hold onto. Cracker of a report. BUY.
 
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Last
$2.32
Change
0.050(2.20%)
Mkt cap ! $1.552B
Open High Low Value Volume
$2.30 $2.34 $2.28 $6.372M 2.754M

Buyers (Bids)

No. Vol. Price($)
5 31921 $2.32
 

Sellers (Offers)

Price($) Vol. No.
$2.33 1030 1
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Last trade - 16.10pm 30/08/2024 (20 minute delay) ?
IFL (ASX) Chart
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