Centrepoint sees best day since February on results, acquisition

Clearview Wealth

25/08/2021 05:30

** Shares of Australia's Centrepoint Alliance Ltd  CAF.AX 
jump as much as 11.54% to A$0.29, their biggest intraday
percentage gain since Feb. 4
    ** Stock opened 3.9% lower but recouped losses to hit its
highest since April 21
    ** CAF posts https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02411732-2A1318132?access_token=83ff96335c2d45a094df02a206a39ff4
 FY21 NPAT of A$1.8 mln vs loss of A$2 mln last year, helped by
higher revenue growth in advice fees
    ** Co says to buy financial services provider ClearView
Wealth Ltd's  CVW.AX  financial advice businesses for A$15.2 mln
($11 mln)
    ** Combined entity to have 1,303 financial advisors and CVW
as a strategic partner with 25% stake in CAF
    ** CVW up as much as 1% to A$0.5
    ** CAF up 26.83%, CVW up 23.75% so far this year, as of last
close 

($1 = 1.3812 Australian dollars)

 (Reporting by Dhriti Garg in Bengaluru)
 ((Dhriti.Garg@thomsonreuters.com))