Revenue was looking consistently good (pretty much) over the last 10 years. But then came the Royal Commission, and Operating Performance went to pieces; and incumbent management headed for the hills.
New CEO R. Mota, since 27.06.2019, had to rejig the business model, and thus IFL (including a name change) becomes a kind of 'turn-around bet'. ... and the annual report is quite a piece of work to go through.
I bought in in March last year at $3.25 and rode it up to the high of $5.37 last year, and did not sell. Moral of the story: these turn-around stories are not a one-way street. There are always some legacies coming up and other unknown unknowns. I think, this explains the current weakness in the SP.
But, I like the direction the management is steering, and these sort of businesses are here to stay. Adding on more shares makes sense to me.
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Last
$2.43 |
Change
0.060(2.53%) |
Mkt cap ! $1.629B |
Open | High | Low | Value | Volume |
$2.40 | $2.44 | $2.37 | $5.189M | 2.153M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 5099 | $2.42 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.44 | 5265 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 5099 | 2.420 |
1 | 4098 | 2.410 |
6 | 40444 | 2.400 |
2 | 19812 | 2.390 |
2 | 30406 | 2.380 |
Price($) | Vol. | No. |
---|---|---|
2.440 | 5265 | 1 |
2.450 | 104413 | 7 |
2.460 | 19689 | 2 |
2.470 | 16775 | 2 |
2.480 | 6975 | 2 |
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