I expect IFN to re-rate in the near term.The ducks are aligning.
-LGC prices going North as the supply overhang is cleared.
-Abbott going South as everyone works out he is a complete moron living in the past and more than likely to be booted out at the next election if not before.
-Retirement of partial Debt via the sale of the USA business
-The near term contracting of the OZ assets.
Funds wont be able to ignore this stock once they see certainty of cash flow and re-financing of debt. It's getting very attractive at these prices.
Knackers
IFN Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held