Looks like most of the buying today might have been directors based on the notices that were lodged this afternoon. Not necessarily a bad thing.
i found this article when trying to figure out why they would be able to pay less than cash at the bank and other "net assets".
https://www.copyright link/companies/financial-services/wealth-firms-bleed-in-post-hayne-transition-20210204-p56zgz
$1.1m in operating cash outflows in FY20 and bleeding advisors by the looks of it - article said they had 185 advisors back then and the announcement makes it sound like there is just over 100 left.
Hopefully they can rip out a heap of duplicated costs post acquisition to get more out of the business- but an indication on the anticipated impact on CUP earnings would have been useful.
News: CUP Countplus Finalises Terms For Acquisition Of Affinia Financial Advisers, page-3
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Last
94.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $159.1M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 476 | 93.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 94.0¢ | 17537 | 3 |
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| Last trade - 09.59am 07/08/2025 (20 minute delay) ? |
| CUP (ASX) Chart |
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