Hate to be a spoiler. I am a long-term holder and a substantial shareholder. By accumulating more, I lowered my average to $5.43 It will be a capital loss for me. Maybe with the final Dividend and franking credits I might get a little closer to break even. The problem here stems from the fact this company has too much debt. They paid too much for MLC and ANZ funds. While money flowed out and into other platforms Debt is out of control and grows yearly.
This cheap take over will wipe my slate clean. This country is getting harder and harder to invest one's money in. Farwell fellow shareholders!
IFL Price at posting:
$4.41 Sentiment: Hold Disclosure: Held
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