Speaking of IFT divestments....still waiting the outcome of their strategic review of Retire Australia. :)
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I believe that they announced during the recent annual meeting that the strategic review has now led to a sale process being instigated. Expect it to conclude prior to the end of the year. They also commented that Retire AU is performing better than expected with a strong post covid demand for retirement units (claimed punters felt the retirement villages were safe havens and it had strengthened demand) and presumably this increases both the value of the entity and the likelihood other operators on the sector will be prepared to acquire.
IFT is the only major stock whose market cap has increased a lot in last 3 months due to SP going up around 22% ....with index rebalancing coming ahead ...its very possible some funds have to increase its holding based on new market cap thus brokers are accumulating for them
It may peak around 3rd Friday of the month ie 16th Sept ...like it did last time in June too !!!
Where’s the peak of this run?
$9.77 - $9.88?
Over 9 million shares will be traded. Sorry 11 million
My info says 10,622,012. Jeepers alot.
Ok I see that now
If it was Index rebalancing then would expect SP to go up?
SH selling into this rebalancing???