CAF centrepoint alliance limited

Talk about inheriting a ball and chain when acquiring PIS (yes,...

  1. 4,596 Posts.
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    Talk about inheriting a ball and chain when acquiring PIS (yes, it stands for Professional Investing Services)! It was anything but professional judging by the claims still being settled...some $6m provided for in FY18 knocks the guts out of the years efforts...a statutory loss of $6.3m. Thank God for the statute of limitations, it (hopefully) will staunch the claims losses going forward., but FY19 will be a flat year, I feel.

    A fairly banal "Operation Refresh"...almost comical...business coaching, indeed! How many would be professional consolidators have made a mess of this one. Fact is, you cannot be all things to all people.

    The market has judged the new plan as rubbish and I am not sure whether my strategy of investing in CAF to pick up some of the spill of advisors leaving the Big 6 is going to play out. But I will wait. Let's see what the RC findings in Feb next year are all about. By then the "Benbow plan" will be starting to unfurl or flop.
 
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(20min delay)
Last
41.5¢
Change
0.000(0.00%)
Mkt cap ! $82.53M
Open High Low Value Volume
43.5¢ 43.5¢ 41.5¢ $5.033K 12.1K

Buyers (Bids)

No. Vol. Price($)
3 25263 41.5¢
 

Sellers (Offers)

Price($) Vol. No.
43.0¢ 23298 1
View Market Depth
Last trade - 15.47pm 30/07/2025 (20 minute delay) ?
CAF (ASX) Chart
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