{"id":51011,"date":"2014-05-16T02:40:19","date_gmt":"2014-05-16T06:40:19","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=51011"},"modified":"2014-05-16T08:48:59","modified_gmt":"2014-05-16T12:48:59","slug":"why-the-ioof-holdings-share-price-went-up-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/05\/16\/why-the-ioof-holdings-share-price-went-up-today\/","title":{"rendered":"Why the IOOF Holdings Share Price Went Up Today"},"content":{"rendered":"<p>By <a href=\"http:\/\/ift.tt\/10cDh0v\" target=\"_blank\"><u>MoneyMorning.com.au<\/u><\/a><\/p>\n<h2>What Happened to the IOOF Holdings Share Price?<\/h2>\n<p>Shares in diversified financial services provider <strong>IOOF Holdings Ltd [ASX:IFL]<\/strong> have gained nearly 1.5% today, outperforming a sluggish broader market. The stock has risen off a nine-month low to close at $8.25 per share.<\/p>\n<h2>Why Did this Happen to the IFL Share Price?<\/h2>\n<p>IOOF has been on the acquisition hunt for several years now. Today it announced its latest target, <strong>SFG Australia Ltd [ASX:SFW]<\/strong>. <\/p>\n<p>IOOF has been keen to boost its total funds under advice, and bringing SFG under its wing is expected to create the third-largest advice business in Australia and one of the largest wealth management businesses listed on the Australian Stock Exchange.<\/p>\n<p>IOOF will pay SFG shareholders the equivalent of around 90 cents per share. That\u2019s nearly 25% more than what SFG shares were worth before the deal was announced. Even with that premium, the market is calling this a good deal for IOOF\u2026 which is why its share price has risen.<\/p>\n<h2>What Now IOOF Holdings?<\/h2>\n<p>IOOF shareholders should be glad to see this kind of proactive behaviour from their company\u2019s management. SFG is a solid business. When it\u2019s integrated with IOOF, shareholders of the combined group should reap the benefits of scale.<\/p>\n<p>You should remember, though, that although this deal is unanimously recommended by the directors of both IOOF and SFG, its completion is subject to an SFG shareholder vote\u2026 so there could be some twists in the tale to come.<\/p>\n<p><strong>Tim Dohrmann<a href=\"http:\/\/ift.tt\/1doR2pO\">+<\/a><br \/>\nSmall-Cap Analyst, <em>Australian Small-Cap  Investigator<\/em><\/strong><\/p>\n<p><strong><a href=\"http:\/\/ift.tt\/141OQNu\" title=\"Join Money Morning on Google Plus -- and read about the things we can't always fit into our regular essays\"><u>Join Money Morning on Google+ <\/u><\/a><\/strong><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/ift.tt\/1lnlwrm\"><img decoding=\"async\" src=\"http:\/\/ift.tt\/Nk9u5P\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/ift.tt\/1qHvzhP\"><img decoding=\"async\" src=\"http:\/\/ift.tt\/1lnlxLJ\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/ift.tt\/1qHvzhR\"><img decoding=\"async\" src=\"http:\/\/ift.tt\/1lnlxLP\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/ift.tt\/1lnlwHF\" height=\"1\" width=\"1\" \/><br \/>\nBy <a href=\"http:\/\/ift.tt\/10cDh0v\" target=\"_blank\"><u>MoneyMorning.com.au<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By MoneyMorning.com.au What Happened to the IOOF Holdings Share Price? Shares in diversified financial services provider IOOF Holdings Ltd [ASX:IFL] have gained nearly 1.5% today, outperforming a sluggish broader market. The stock has risen off a nine-month low to close at $8.25 per share. Why Did this Happen to the IFL Share Price? IOOF has &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2014\/05\/16\/why-the-ioof-holdings-share-price-went-up-today\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Why the IOOF Holdings Share Price Went Up Today&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-51011","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/51011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=51011"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/51011\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=51011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=51011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=51011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}