So now CIW owns a small accounting/advice firm with $3M in revenue and paid $7M for it? They could buy mid-tier licensee businesses with 100+ advisers and bolt into Madison for not much more than they paid for this small accounting firm with own AFSL and 4 advisers, eg Synchron sale to WT Financial. How is this part of the strategy? Went into a trading halt, to then read about the deal in the AFR night before the ASX announcement was made.How do they compete with others in this space?
Ann: Acquisition of MTIS Wealth Management, page-3
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Last
35.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $26.65M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17433 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 7600 | 1 |
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| Last trade - 16.12pm 08/11/2024 (20 minute delay) ? |
| CIW (ASX) Chart |
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