IMF says If Court approval is obtained IMF currently expects to generate gross income of approximately $8.6 million, including reimbursement of project costs.
This investment is part of IMF’s on-balance sheet portfolio.
Investment Bank Goldman Sachs currently has IMF Bentham flagged as a 'buy' and says it expects a significant step up in the level of contract income recognized in FY20 vs FY18 and FY19 for the company.
Shares in IMF Bentham (ASX:IMF) 1.11 per cent higher at $3.18.