News: CUP Countplus Finalises Terms For Acquisition Of Affinia Financial Advisers, page-3

Looks like most of the buying today might have been directors based on the notices that were lodged this afternoon. Not necessarily a bad thing.

i found this article when trying to figure out why they would be able to pay less than cash at the bank and other "net assets".

https://www.copyright link/companies/financial-services/wealth-firms-bleed-in-post-hayne-transition-20210204-p56zgz

$1.1m in operating cash outflows in FY20 and bleeding advisors by the looks of it - article said they had 185 advisors back then and the announcement makes it sound like there is just over 100 left.

Hopefully they can rip out a heap of duplicated costs post acquisition to get more out of the business- but an indication on the anticipated impact on CUP earnings would have been useful.