Count predicts 30 per cent rise in EPS
Accountancy-based financial planning dealer group Count Financial appears to have emerged from the global financial crisis in solid shape, using a quarterly business report to predict a 30 per cent increase in earnings per share and a 10 per cent increase in operating profit.
The quarterly report, lodged with the Australian Securities Exchange (ASX) this week, revealed that funds under advice on preferred platforms had risen by 21.64 per cent to stand at $6.69 billion over the past 12 months and had increased by 15.54 per cent over the last nine months.
The quarterly report also signalled that the listing of Countplus remained on schedule stating that the business remained on track to buy-out the balance of its investee equity from July/August and thereafter list at the end of this year.
The management comment attaching to the quarterly report did not specify any new acquisitions, but claimed that the company was “positioned to take advantage of opportunities as they arise”.
AUTHOR
Mike Taylor
Recommended for you
As ASIC looks to publish firm-level data on the internal dispute resolution regime, a compliance professional has warned it could have unintended consequences, such as under-reporting.
Selfwealth’s acquirer, Syfe Group, has said the firm is hopeful of opportunities from the mass affluent population as it believes a gap exists between DIY brokerage and financial advisers.
Rose Partners, which has a strategic partnership with AZ NGA, has purchased an advisory and accounting business based in Queensland to drive its expansion.
Having already completed three major sales, Iress has announced its latest divestment following a strategic review conducted during its transformation program.
