Remember as well ANZ wealth was bought on 25x earnings for $975m.
This is a massive multiple. It was roughly half financed by a capital raising and half financed by debt.
It only makes sense if the costs savings of $65m come true.
If the $65m of integration synergies do not come to fruition, then IOOF will have seriously over paid for the deal and in the future could be at risk of goodwill/intangible write down on its assets.
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Last
$3.51 |
Change
0.020(0.57%) |
Mkt cap ! $2.354B | |||
| Open | High | Low | Value | Volume |
| $3.50 | $3.55 | $3.47 | $3.449M | 982.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15628 | $3.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.52 | 17 | 1 |
View Market Depth
| Last trade - 16.15pm 23/06/2025 (20 minute delay) ? |
| IFL (ASX) Chart |