"Thanks M, I've been looking at IFL as an addition to my big four bank holdings and as a long term hold and the ANZ purchase has increased my interest. What do consider a fair purchase price now bearing in mind the ANZ purchase.
Commsec before trading today at 6am showing: 79 buyers for 83,570 units - 55 sellers for 177,852 units."
I'm not really in the business of advising others how to invest, but I will make a few observations that might inform your thinking:
The time to buy shares is when the market hates them, or has no interest in them. That was the case 12 months ago before the significant re-rating that the stock has undergone.
So now ask yourself, "Does the market today still have zero interest in IFL?"
Also, watch out for a pretty ordinary FY2018 result, which I strongly suspect will have a number of hollow logs (related to the ANZ Wealth acquisition) built into it.
(PS. As for , "Commsec before trading today at 6am showing: 79 buyers for 83,570 units - 55 sellers for 177,852 units.", even in the middle of the trading day that is absolutely meaningless as an indicator of the buying and selling intentions of various market participants (which is, I suspect, why you referenced it), let alone at 6:00 am in the morning.)
IFL Price at posting:
$11.85 Sentiment: Buy Disclosure: Held
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