Its an interesting post @Jack1960. The terms of the sale of Count to Countplus showed how desperate CBA was to exit the business. However, their equity sale in CUP doesnt carry the same brand and regulatory urgency as Count itself.
For me the question is, given CUP is a true, non-conflicted advice business, which major player would want to buy it? Not product manufacturers with typically deep pockets, i believe.
It will be good to see CUPs growth trajectory in a post Hayne advice world. I think theyll show there's a $ in it.
CUP Price at posting:
89.5¢ Sentiment: Hold Disclosure: Held
