IMO they would have sussed out the likely outcome of the ACCC review well before going to market with the aquisition announcement and / or the CR. I would be disappointed if they didn't. The ACCC need to be seen to be performing their duty. It is the reason they exist after all !! Normal market reaction regarding the MLC purchase should already be baked into the SP. Any further downward movement is fear based selling, or perhaps re-balancing of portfolios by fund managers. Either way it's short term. The SP is currently trading at a 15% discount to the CR / SPP with no further significant disclosure from the company. No unexpected news. Unless they come out with an earnings downgrade, the current SP looks to be a very reasonable risk / reward trade in the medium term. At around $3 the SP is almost at its lowest since listing... (excluding the GFC panic). DYOR.
IFL Price at posting:
$3.01 Sentiment: Buy Disclosure: Held
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