IFL 3.06% $2.36 insignia financial ltd

News: IFL IOOF says as at Dec 31, 2015, funds under management, administration, advice and..., page-2

  1. DSD
    15,757 Posts.
    Poster madamswer alerted me to IFL mid 2015 when the SP fell from 10.60 - 8.40. I didn't buy then as wanted to learn more. I feel the stk offers a fairly secure base along with high ffr divs. Waited patiently and then entered for 1st time this morn at 8.07av. Maybe i should have waited a few more days but want to hold these and get 3 divs in 13 months.

    My guesstimates for FY16: eps 61.5c and 55c ffr divs. With SP at 8.07 gives PE of 13.1 and more importantly gross div yield of 9.7%. Keep it for 13mths and total return is 14.2%.

    Query to madamswer: Are you topping-up at these levels?
 
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