@jiantan86
May I ask on what basis you see the earnings stream from Financial Advice as being more volatile (or of a lower quality) than those from Platforms Management and Administration? The main difference I see between the two is that the Advice business has an inherently higher Cost-to-Income ratio, but that doesn’t necessarily make it a worse business, if it can achieve higher revenue growth.
Regarding market speculation about the asset swap, whether or not such a transaction could be value-accretive for IFL’s shareholders ultimately depends on its exact economic details (i.e. on the “price” paid, essentially); and, unfortunately, there just isn’t enough information at this stage to even attempt such a quantification.
In principle, I do not see such an arrangement as being automatically detrimental from the perspective of an IFL shareholder, though.
@jiantan86 May I ask on what basis you see the earnings stream...
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Last
$2.36 |
Change
0.070(3.06%) |
Mkt cap ! $1.582B | |||
| Open | High | Low | Value | Volume |
| $2.33 | $2.38 | $2.32 | $3.518M | 1.494M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 77309 | $2.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.37 | 7808 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| IFL (ASX) Chart |