Centrepoint Alliance is now up over 3.5x since hitting a low of 14c. The share price was pummelled on the back of claims made against financial advice delivered by planners operating under their license within the PIS division.
Management have since focused on getting claims under control, reducing the risk of the business operating model and growing earnings within the premium funding segment.
As the weekly chart shows - it is illiquid and churny, but things look to be getting to the pointy end now. It will be interesting to see if the FY results offer any news which could send CAF breaking out (either way), or if it will continue to meander along, as if it never knew the triangle was even in play
CAF Price at posting:
50.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)