New to IFL, just got in at the open this morning. At 11.5 cents fully franked dividend, if IFL can keep up with this rate, grossed up dividends for the full year will be 8.95% return on a $3.67 capital investment. Where do you find that kind of return on the market nowadays?
Unless of course IFL can't keep up with the profit at the current level. We will see.
GLTA
News: IFL UPDATE 1-Australia's IOOF to buy NAB's wealth unit for $1.1 bln, eyes cost savings, page-151
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$2.32 |
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