I Pasted the data. The data comes from 7 professional analyst and was last updated on 29th September. Share price is suffering presently. I admit the balance sheet is stressed presently from last report FY21.
Australian economy is over stimulated especially Western Australia. Mining Last FY went gang busters especially Iron Ore. To September we had 12 positive months. It has been a record year for income; buybacks, Dividends, take overs/ mergers.
Present stresses from take overs of MLC over time will wane. IFL should have a good year as market has done well. Super returns should be good and clients should be happy. Fees should be up and balance sheet should improve.
I think the Prime minister expects economy to boom after lock down finishes on Monday 11th October.
My question to you is when is the best price to pick up a few more as price is becoming very attractive and I could reenter my average is higher than current price. How low could this go?
IFL Price at posting:
$4.17 Sentiment: Buy Disclosure: Held
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