Question: As one in pension mode, is IOOF (IFL) a buy for the longer term? Djerriwarrh Investments (DJW) offers an attractive yield with, I gather, more risk than the larger LIC’s. Would you recommend a limited investment in it?
Answer: 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 FNArena, the stock is now a touch expensive. The consensus target price is S10.46, about 8.3% below the last market price of $11.41.
Of the five major brokers who follow the stock, there are four neutrals and one 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.
Question: Regarding the top 200 ASX shares, how can I view the upcoming dividend dates?
Answer: I am not sure of whether a complete fact set exists, but:
a) you can view individual company dividend dates in the company’s website – most companies maintain a ‘financial calendar’ that includes dates such as the AGM date, half/year and full year reporting dates and expected dividend payment dates;
b) some brokers such as CommSec publish a diary of forthcoming dividends;
c) the Australian Financial Review publishes a weekly round-up on Saturday; and
d) check the ASX website – there is a section on dividends declared here.
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 regards to your circumstances.