I expect a gradual appreciation in the share price before the entity is either bought out by management/member firms or taken over by Findex and rolled into their unlisted group, as WHG/ Crowe Horwath was ( a profitable stock for those who persevered and bought at attractive prices).
A listed company where a business made up of private entrepreneurs is valued by pros/amateurs on a daily basis seems like mixing oil and water.
Somewhat like my own CPA/FPA business, there are times when short term profits and performance are impacted and sacrificed to achieve a greater stronger outcome. In private companies this happens every day without attention. In the case of a listed entity, no day passes without some sort of question or scrutiny. I do not envy any public company managers, and am certain my business and my enthusiasm would have been lost decades ago if every move made was 2nd guessed and the value (read success) of the business was judged on a daily basis.
I am waiting for a takeover of Countplus or share buy back/delisting. These are the only ways true value will be restored to the underlying owners.
CUP Price at posting:
60.0¢ Sentiment: Buy Disclosure: Held
