It's a tough one.39c seems reasonable, though I do expect an...

It's a tough one.

39c seems reasonable, though I do expect an upgrade to NTA simply because the recent acquisitions are going through at significantly less than proper value from portfolios in administration.

So there are three main factors that could push the SP above 39c:

1. Rise in NTA to 40+ (quite possible)
2. Rise in div to 2c which would be a yield of 5% (not impossible)
3. Market confidence in future growth meaning INA trades at a premium to NTA (definitely possible)

There is certainly a possibility of all three happening. And if NTA was 45c, div 2c and INA trading at a premium, we could easily see well over 50c.

Whether another 25%+ return in 2 years is worth it is up to you... personally I'm in for the long haul. I bought at 7.8c and it's now my biggest holding so 2c dividends would be equivalent to over 25% yield at my buy price.