CF1 0.00% 2.2¢ complii fintech solutions ltd

Its a matter of public record CBA plans to spin of there...

  1. 921 Posts.
    lightbulb Created with Sketch. 221
    Its a matter of public record CBA plans to spin of there financial planning business, they are not going to let them wither on the vine and take a balance sheet hit of $Billions, just one business alone they paid $9 billion (Colonial First State) so there is no way they are not going to extract as much money as possible for those assets
    Following is one such article:disallowed/business/banking-and-finance/cba-to-spin-off-wealth-management-and-mortgage-broking-arm-20180625-p4zni4.html"Macquarie analsysts estimated the new company, to be known as CFS Group, would be worth between $6.5 and $10 billion, making it one of the biggest wealth firms in Australia.
    CBA plans to  create a new sharemarket-listed company to house its superannuation, financial advice, funds management and mortgage broking businesses that produce $500 million-a-year in profits."
    At that time CBA said they would continue to employ the 460 salaried financial advisers who work in its Commonwealth Financial Planning arm but with the RC?
 
watchlist Created with Sketch. Add CF1 (ASX) to my watchlist
(20min delay)
Last
2.2¢
Change
0.000(0.00%)
Mkt cap ! $12.58M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 1025000 1.8¢
 

Sellers (Offers)

Price($) Vol. No.
2.2¢ 541902 3
View Market Depth
Last trade - 16.12pm 07/11/2024 (20 minute delay) ?
CF1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.