IFL 3.06% $2.36 insignia financial ltd

Poster madamswer alerted me to IFL mid 2015 when the SP fell...

  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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