IMF now trading at $1.71 so LIZ after tipping IMD a couple of years back it just proves that I am strong on IM shares.
Seriously though, the settlement that they have just announced over the Sons of Gwalia claim should make this a very good year for IMF. They had previously issued a forecast earnings of around $20mill for this year. The Sons of Gwalia claim resulted in a $17 million profit. It would be interesting to know how much of this they built into their forecast.
Still looks very reasonably priced based on current PE, DIV Yield and management structure.
Good luck to holders.