The forthcoming review of the "capital structure options" by IMB Ltd receives attention in the
Sydney Morning Herald and Financial Review. Advisory firm Grant Samuel is preparing the review for the board.
The board disclosed the review was underway in its half-year results in January.
A recent report by stockbroker InvestorFirst has fanned interest in what is presumed to be one option canvassed by the review, a demutualisation.
That analysis noted that shares in IMB (which trade in a market maintained by IMB) are trading at a yield consistent with those of bank stocks. Shares in IMB have declined by about 30 cents over the last two months to $3.50.
Other capital raising initiatives, inlcuding the use of preference shares that maintain the mutual statuds of IMB (and used by some credit unions) will presumably also feature in the review