I too am relatively pleased. The 14.4% coupon rate flatters the result though. I’d ‘hoped’ remediation would be around 100mil plus 40-50 in costs, so an extra 80mil in total.
Will be be very interesting to see what happens with onepath, I wouldn’t be surprised if IOOF pull the plug in mid Oct.
i think we can assume the new base for dividends is 38c pa which is a ff 8% yield at current share price.
IFL Price at posting:
$4.76 Sentiment: Hold Disclosure: Held
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