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As one in pension mode, is IFL a buy for the longer term?
DJW offers an attractive yield with, I gather, more risk than the larger LIC’s. Would you recommend a limited investment in it?
Regards
A: IOOF (IFL) reported a much stronger second half result and the price has rallied strongly. CEO Chris Kelaher is viewed as doing a very good job.
According to FN Arena, the stock is now a touch expensive. The consensus target price is S10.46, about 6.3% below the last market price of $11.16.
Of the 5 major brokers who follow the stock, there are 4 neutrals and 1 sell.
Although IOOF has a multi-faceted wealth business, I am a bit wary about the business economics of financial planning – and so combined with the current share price – would probably recommend caution about buying in at these prices.
With Djerriwarrh Investments Limited (DJW), it is trading at a very big premium to NTA. I would not recommend investing in it when the premium is so large.
Regards
