Short Term Trading Week Starting: 12 Dec, page-127

  1. 6,413 Posts.
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    STTCOMP IAM, FA Long

    Today had the biggest smoke signal a photo posted on Twitter from one of the Directors having drinks in Sydney with two of the other IAM members, one being the Chairman. With Patrick Canion (director) flying from Perth to Sydney and another deal with a large financial planning group in December, (noted by the company in their presentation) too many smoke signals going off for a deal or announcement to come very soon, maybe even tomorrow! Deal is with a planner bigger than Sentry group, there aren't many; CBA, AMP, NAB, MLC, Westpac this deal will be one of them and then the next likely another one of them as each start to join IAM.

    Either way it's going to go on for a big re-rate, more than the current re-rate it's been having since 4.5c only a few weeks ago to current 8c (new high today of 8.5c).

    So far I and many others here from SRT days are sitting on 750% profits and holding strong for over a year.

    Highly active now and one to buy, leave and let it run or a nice short term trade for the next few weeks from current entry levels.

    $40m NPAT can be hit with the deal with Sentry Group alone (stated by the directors at the Investor Seminar) by 2019, with more contracts and planners signing up they will just achieve this quicker they have stated.
 
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