I can’t see the H1 results being that important as they have...

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gosouth

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150

08/10/19

19:00

Post #: 40780189
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Originally posted by Jack1960: ↑

The CUP share price needs to consolidate above $1 for a week or so, allowing weak hands or profit takers to exit presumably at a handsome profit.

There is clearly some interest in CUP as evidenced by the strong run up from $1.05 - $1.13 this morning. Quite naturally any price above $1.10 was a very good sell price for anyone who has bought in the last 4 or 5 months and wanting out and the sell side stacked up.

I suspect there are a lot of Count Financial clients who have deep pockets and don't mind investing in their financial advisers. This brings an entirely new group of investors to the buy side.

The morning trade today had very few sellers, and I mean very few sellers. That is a strong sign for the weeks/months ahead. Most existing holders, myself included, appear to believe in the ability of management to execute a successful Count Financial integration strategy, or at least give them the chance to.

As always, few stocks continually travel just in one direction so there may be some price volatility over the next 3-6 months. This will have everything to do with the business and little to do with the gyrations of the broader market. A firming SP around $1 should provide a nice platform for a re-rating after the H1 results are announced at the end of February, 2020. Who knows what the price will be then, but the odds would favour a healthy appreciation well above the current price.

DYOR

GLTASH

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I can’t see the H1 results being that important as they have only just completed the acquisition. So H1 will only have 3 months of full Count ownership in it.
However the outlook statement will be very interesting, if they elect to make a forward forecast.
Gosouth

CUP Price at posting: $1.05 Sentiment: None Disclosure: Held
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0 Great analysis

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(20min delay)
Last 94.0¢		Change 0.000(0.00%)		Mkt cap ! $159.1M

Open	High	Low	Value	Volume
94.0¢	94.0¢	94.0¢	$13.93K	14.82K

Buyers (Bids)

No.	Vol.	Price($)
2	16250	93.0¢

Sellers (Offers)

Price($)	Vol.	No.
94.0¢	17461	2

View Market Depth

No.	Vol.	Price($)
2	16250	0.930
1	7500	0.920
1	2222	0.900
1	8506	0.890
1	5000	0.870

Price($)	Vol.	No.
0.940	17461	2
0.960	38484	4
0.980	2000	1
0.985	3550	1
1.000	95669	4

Last trade - 16.10pm 30/07/2025 (20 minute delay)

CUP (ASX) Chart

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