Monthly Chart... Has the worm turned- have we started our upward march?
3 monthly- Was the bottom in recently? What will the acquisition and fact Australia coming out of recession do?
My personal view is we will have some global weakness- but Australia might have had a V correction to the market and not a W- just my hope and feeling- definitely no guarantees!
If it’s been just a V shaped correction- most of share market weakness has been factored in- and as the ASX builds back towards $7000, then cos such as IFL will have a pretty solid turnaround and next 6-12 months. Used the crash to acquire and will reap the benefits down the track.
Look forward to putting this stock in bottom drawer of SMSF and seeing its SP triple over next couple of years and then company start paying pretty solid divis.
Great long term potential- 3-5 years hold- imo.
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