Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,633.50
0.16%
Copper
4.10
0.2%
Oil
70.17
0.88%
Bitcoin
98,136.42
(0.49%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
38,995.33
(0.44%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,633.50
0.16%
Copper
4.10
0.2%
Oil
70.17
0.88%
Bitcoin
98,136.42
(0.49%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
38,995.33
(0.44%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,633.50
0.16%
Copper
4.10
0.2%
Oil
70.17
0.88%
Bitcoin
98,136.42
(0.49%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
38,995.33
(0.44%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,633.50
0.16%
Copper
4.10
0.2%
Oil
70.17
0.88%
Bitcoin
98,136.42
(0.49%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
38,995.33
(0.44%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,633.50
0.16%
Copper
4.10
0.2%
Oil
70.17
0.88%
Bitcoin
98,136.42
(0.49%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
38,995.33
(0.44%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,633.50
0.16%
Copper
4.10
0.2%
Oil
70.17
0.88%
Bitcoin
98,136.42
(0.49%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
38,995.33
(0.44%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,633.50
0.16%
Copper
4.10
0.2%
Oil
70.17
0.88%
Bitcoin
98,136.42
(0.49%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
38,995.33
(0.44%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,633.50
0.16%
Copper
4.10
0.2%
Oil
70.17
0.88%
Bitcoin
98,136.42
(0.49%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
38,995.33
(0.44%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,633.50
0.16%
Copper
4.10
0.2%
Oil
70.17
0.88%
Bitcoin
98,136.42
(0.49%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
38,995.33
(0.44%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,633.50
0.16%
Copper
4.10
0.2%
Oil
70.17
0.88%
Bitcoin
98,136.42
(0.49%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
38,995.33
(0.44%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,633.50
0.16%
Copper
4.10
0.2%
Oil
70.17
0.88%
Bitcoin
98,136.42
(0.49%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
38,995.33
(0.44%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,633.50
0.16%
Copper
4.10
0.2%
Oil
70.17
0.88%
Bitcoin
98,136.42
(0.49%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
38,995.33
(0.44%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,633.50
0.16%
Copper
4.10
0.2%
Oil
70.17
0.88%
Bitcoin
98,136.42
(0.49%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
38,995.33
(0.44%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,633.50
0.16%
Copper
4.10
0.2%
Oil
70.17
0.88%
Bitcoin
98,136.42
(0.49%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
38,995.33
(0.44%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,633.50
0.16%
Copper
4.10
0.2%
Oil
70.17
0.88%
Bitcoin
98,136.42
(0.49%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
38,995.33
(0.44%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,633.50
0.16%
Copper
4.10
0.2%
Oil
70.17
0.88%
Bitcoin
98,136.42
(0.49%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
38,995.33
(0.44%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,633.50
0.16%
Copper
4.10
0.2%
Oil
70.17
0.88%
Bitcoin
98,136.42
(0.49%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
38,995.33
(0.44%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,633.50
0.16%
Copper
4.10
0.2%
Oil
70.17
0.88%
Bitcoin
98,136.42
(0.49%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
38,995.33
(0.44%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,633.50
0.16%
Copper
4.10
0.2%
Oil
70.17
0.88%
Bitcoin
98,136.42
(0.49%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
38,995.33
(0.44%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%
Iron Ore
101.25
(0.04%)
Lithium
42.74
1.28%
Gold
2,633.50
0.16%
Copper
4.10
0.2%
Oil
70.17
0.88%
Bitcoin
98,136.42
(0.49%)
USD/AUD
0.62
0.06%
FTSE 100
8,137.00
0.42%
Nikkei 225
38,995.33
(0.44%)
Dow Jones
43,297.03
0.89%
Hang Seng
20,098.29
0.94%

Centrepoint Alliance (ASX: $CAF) announces no additional payment for FAM acquisition

Key facts about Centrepoint Alliance's announcement


Centrepoint Alliance (ASX:CAF) has announced that it will not make any additional payment to Financial Advice Matters Group Pty Ltd (FAM) shareholders, following the company's acquisition. The decision comes after FAM's EBIT contribution fell short of the target, resulting in a one-off profit increase for Centrepoint Alliance.

Overview of Centrepoint Alliance's acquisition update


Centrepoint Alliance Limited, a financial service provider, highlighted the performance-based earnout clause related to its acquisition of Financial Advice Matters Group Pty Ltd. The acquisition, initially announced in November 2023, included a clause requiring a minimum EBIT of $1.5 million for additional payments. However, FAM achieved an EBIT of $1.1 million, falling short of the target. As a result, Centrepoint Alliance will not issue further payments and will release provisions set aside for this, leading to a $1.3 million profit increase before tax in the first half of 2025. The company continues to focus on its core business lines, enhancing profitability and operational efficiency.

Executive commentary on performance-based earnout clause


The actual unaudited EBIT achieved was $1.1 million. Consequently, Centrepoint Alliance will not pay any additional consideration to FAM shareholders. This decision will allow the company to release previously allocated payment provisions, resulting in a one-off profit increase of $1.3 million before tax in the first half of the fiscal year 2025.

CENTREPOINT ALLIANCE LIMITED
CAF | ASX | Financials
0.330(+0%)
At close 24/12 (AEDT)
Market cap
$65.6M
Volume
26,840
DY Yield
0.0846
PE Ratio
8.250001
52 Week Range
0.27 - 0.35
1YR Return
N / A

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