"A massive operation like IFL is going to have breaches somewhere"
Well said. That puts things into context.
Even highly-sophisticated and mature organisations like CBA, TLS, AMP, AGL have certain error rates in their data metrics.
The minute I saw the reason for the share price was a media report related to something someone said about something that happened years ago, I added to my holdings at around 865c.
I have held this stock since they acquired Australian Wealth Management in which I was a shareholder. Since then the share price has trebled and I have received over $2.50 in dividends.
Paying 14x P/E and 6.5% DY for a business that is fully integrated across the structurally-growing superannuation/wealth management/financial advisory industry makes far more sense to me than to become spooked by a newspaper article.
I will take fundamentals over popular hysteria any day.
IFL Price at posting:
$9.28 Sentiment: Buy Disclosure: Held
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