Collected Wisdom

Buy IOOF Holdings, hold Seek, Adelaide Brighton and Woodside, and sell Gindalbie Metals, the newsletters say.

The lower and middle end of the financial services sector in Australia has continued to consolidate since the last time Collected Wisdom looked at IOOF back in June. Having bid for Plan B (PLB) successfully in the interim, the newsletters are of the view it was a prudent and well-timed purchase, and continue to see IOOF as a gem of the industry maintaining plenty of upside.

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