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IOOF (IFL)

$4.20
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What does Bull and Bear mean?

Market Matters View Point?

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Market Matters
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MM remains a holder of IFL in the Income Portfolio

OPINION

IOOF (IFL) $4.20

IFL -8.5%: The weath manager provided a trading update today and while they sighted growth in funds it was market gains (+$5bn) that did the heavy lifting, overcoming around $2.3bn in outflows for the 3 months to September 30. They also changed some methodology around how they report funds under advice  as they continue to harmonise the significantly....

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Active Income Portfolio

Transurban (TCL) are in a trading halt finalizing a $3.97bn capital raise to buy the remain piece of WestConnex they don’t already own.

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IOOF (IFL) $4.53

FY21 Result: The wealth manager came into today’s result at 52 week highs so a fair amount was baked int0 the cake, and while the result was above market expectations on both revenue & profit lines + a better than expected dividend, it was not enough to entice new buyers post an early pop higher, a big reversal with the stock trading down ~10% at time of writing.

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Reporting Today (A2M, APX, ALX, AUB, BKL, CGC, CWM, APE, EDV, FLT, IFL, LNK, NIC, PRU, PTM, PNV, QAN, QUB, RHC, RMS, SBM, SSM, TYR, WHC, WOW)

Companies reporting today include: A2 Milk (A2M), Appen (APX), Atlas Arteria (ALX), AUB Group (AUB), Blackmores (BKL), Costa Group (CGC), Cromwell Property (CMW), Eagers Automotive (APE), Endeavour Group (EDV), Flight Centre (FLT),  IOOF (IFL), Link Administration (LNK), Nickel Mines (NIC), Perseus Mining (PRU), Platinum Asset (PTM) – yesterday afternoon, Polynovo (PNV), Tyro Payments (TYR), Service Stream (SSM),  Qantas (QAN), Qube (QUB), Ramsay Health (RHC), Ramelius Resources (RMS), St. Barbara (SBM), Whitehaven Coal (WHC), Woolworths (WOW)

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IOOF (IFL) $4.44

When we bought IFL in the Income Portfolio towards the end of 2020 the news flow was horrible, much like the backdrop was for the banks during their darker days, however as the negative rhetoric around financial planning has eased the stock has rallied.

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IOOF (IFL) $3.39 – decent update

The beaten up wealth manager reported 1H21 results this morning that were okay, and an okay result was all they needed to deliver to see the stock higher. Underlying profit was $65.9 million, up +7.4% yoy and they reported an interim dividend of 8c plus a special dividend of 3.5c. That’s 11.5c for the half or nearly 7% annualised, which is strong.

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IOOF (IFL) $3.20

IOOF (IFL) -10.61%: the worst of the top 200 today, IFL’s business update disappointed with FUMA falling marginally to $202.4b. For the most part, the fall was driven by one off drawdowns such as $8.1b from the termination of the partnership with BT Financial.

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ACTION

IFL
UPDATED 28/10/2021 17:38
MM remains a holder of IFL in the Income Portfolio
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IFL
UPDATED 29/09/2021 09:40
MM are trimming CBA, NAB & IFL by 1% each in the Income Portfolio to raise cash for a new purchase
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IFL
UPDATED 27/08/2021 08:57
MM remains bullish IFL targeting ~$5.50
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IFL
UPDATED 10/06/2021 10:32
MM remains bullish IFL
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IFL
UPDATED 09/06/2021 11:44
MM are adding to IFL in the Active Income Portfolio, allocating a further 2% around $4.36
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IFL
UPDATED 03/06/2021 17:18
MM remains long and bullish IFL
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IFL
UPDATED 24/02/2021 16:59
We view IFL as a cheap turnaround play, offering a solid yield while we wait.
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Wealth management group

IOOF (IFL) is a financial services company operating in Australia. The Company’s services include personal superannuation, allocated pension services, employee superannuation retirement services and investment services.

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IOOF Holdings (IFL)
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IOOF Holdings (IFL)
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IOOF (IFL)
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