IFL insignia financial ltd

News: IFL Australia's IOOF posts 68% decline in annual profit, page-8

  1. 432 Posts.
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    Am I the only one relatively pleased with the result? All looks really promising with the exception of the increase in expected remediation cost.

    Also, sure, the remediation cost significantly exceeds the original $5-$10m estimate, though I don't think this is a shock and it is still much less than what some pundits were expecting (eg Macquarie's ~$600m call).

    Granted, it's still a bitter pill and who's to say that it ends here but I am really pleased with how bew management seem to be handling things going forward
 
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