CUP 10.0% 77.0¢ count limited

I would not read too much into a director buying stock....

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,770 Posts.
    lightbulb Created with Sketch. 2136
    I would not read too much into a director buying stock. Sometimes it is necessary to demonstrate commitment to the company when doubt would otherwise prevail.

    Whilst it is very rarely a bad thing, it should not be construed as a special endorsement or indicator of future value.

    Countplus has a big job ahead, one that they acknowledge and one for which they have a clear plan, that will take time and a little luck to execute.

    Can adverse market movements interfere with the plan and/or its success? Absolutely. Many clients will run from advisers in any market downturn, just when they need advice the most. Such is the uncertainty ahead in the integration of Count Financial.

    By the same token, if the newly acquired clients can see value in the CP service, this transaction can be transformational and catapult revenue and earnings over the next 3 years.

    As a considerable stakeholder, I very much welcome the (not so modest) additional skin in the game from Matthew Rowe. It is the sign of confidence that will not go unnoticed, especially by institutional investors.

    As a very long time holder (since the float), I look forward to the periodic release of progress being made on the integration process, warts and all. I expect the challenge will test staff, management and shareholders alike. Let's be confident it ends well.

    Today's buying in the high 80's should bring a smile to all.

    GLTASH

    Last edited by Jack1960: typo 27/08/19
 
watchlist Created with Sketch. Add CUP (ASX) to my watchlist
(20min delay)
Last
77.0¢
Change
0.070(10.0%)
Mkt cap ! $123.2M
Open High Low Value Volume
71.0¢ 77.5¢ 71.0¢ $162.7K 221.9K

Buyers (Bids)

No. Vol. Price($)
2 5021 74.5¢
 

Sellers (Offers)

Price($) Vol. No.
76.5¢ 1182 1
View Market Depth
Last trade - 14.42pm 04/11/2024 (20 minute delay) ?
CUP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.