Nothing can ever be sweetness and light in a people business, especially at the top end and doubly especially when their equity has gone south !
Having said that, the past is the past. The new owner driver model seems infinitely preferable to the old one. Let's also not forget that there is always talent coming through - it's not just about the old guard.
The accountancy industry is consolidating. Stay small and niche, be part of a medium size group like Countplus, or go and join the Big 4. Take your pick.
The convergence of accountancy with financial planning has a long way to go too. The fall out from the Royal Commission can only create more opportunities for a mid size player like Countplus.
Is Countplus going to be part of the problem, or part of the solution ? I'm backing the second option, because I like what the new CEO has already accomplished in a small amount of time.
CUP Price at posting:
58.0¢ Sentiment: Buy Disclosure: Held
