As I said up there ^^, they had $17 million of cost synergies, yet still reported a flat NPAT year on year.
From the numbers organic profit went back 9.8%
Whilst it's one report that doesn't really signal a significant trend its still a backwards step. Shareholders aren't exactly fans of backward steps in reports.
I've been a long time IFL holder and I've seen significantly worse days in this stock than today but it does worry me slightly that their platform might be structurally out of whack.
With all that said. things can change pretty quickly through acquisitions growth and I can see this back up above $9 without much trouble at all. Its not like they're in horrible shape.
IFL Price at posting:
$8.67 Sentiment: Buy Disclosure: Held
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