Question 1. Should I sell my IOOF shares now, or hang in?

Answer (by Paul Rickard). I legally can’t advise you to buy or sell IOOF (IFL) because I don’t know anything about your financial situation, investment objectives or particular needs. I can say that the risk on this company remains very elevated due to regulatory action. The current share price of $5.20 is above the analysts’ consensus target price of $4.99. Each of the 5 major brokers who cover the stock has a “neutral” recommendation.

Question 2. What has happened to Djerriwarrh (DJW)? It  keeps going down. If the trend continues, is this a sell?

Answer (by Paul Rickard):  Djerriwarrh (DJW) has underwhelmed with its performance. I note that it is back up to $3.35 – so not sure about the premise of your question. It is, however, still trading at a substantial premium to its NTA (net tangible asset value) and on this basis, it is vulnerable to more downward pressure. I don’t buy LICs (listed investment companies) trading at a premium.

Important: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. Consider the appropriateness of the information in regard to your circumstances.