IOOF (IFL) may be confident with the MLC purchase but the market seems to be less soWe bought IFL today @$3.10 and may have to average down if they drop. Hard to pick the bottom but IOOF are confident with the MLC purchase.
Spoke with Acorn ACQ today and we have been impressed with them.
Yes @flydoc IFL shares have been trashed by this deal and the institutions are under water. There is a base price for everything but it is always difficult to work out what that figure is.
Long Short Fund LSF had insiders buying so we held onto some instead of trading them. That worked well.
Codan is an Ophir pick. Had not heard of them because we don’t go gold prospecting. They had a really good result.
We will be taking up the Acorn ACQ and Generation Development GDG share issues.
Acorn typically invest for just under 3 years as companies grow and get ready to list or sell out.
I had rff for a long time but after their massive ”short” attack a while ago I decided to let them go, not a bad company overall and probably should have held on. However since then have changed my way of investing to try and get more franking credits, which reits like this don’t offer.Decided I'd get into farming with RFF last week