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 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| IFL (ASX) Chart |