IMF Australia Added to The Hypothetical Ethical Share Portfolio (ASX: IMF)

This is just a short note on IMF Australia (ASX:IMF), [name changing to Bentham IMF] the litigation funders. IMF have recently expanded into the USA, and they had quite low profits in FY 2013. Furthermore, they have just diluted shareholders at a share price of $1.70, and convertible notes are being redeemed at $1.65 per share.

The upshot of all this is that there is selling pressure. I’m adding it to the Hypothetical Ethical Share Portfolio¬†at $1.70, today, which is the current sell price (it’s 11.30am). Full research will be sent to Newsletter¬†subscribers in due course.

The author owns shares in IMF Australia. This blog is for my own entertainment (and record keeping). Nothing on this website is advice, ever. Take professional financial advice from someone with integrity before you do anything.

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