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Count Limited (ASX:CUP)

ALERT: Price-sensitive ASX Announcement for CUP
Current share price for CUP : $1.050 -0.085 (-7.49%)+
Announcement
Release
31 Mar 2026 11:06AM
Price at Release
$1.135
Full Release
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Summary
Count Limited has announced the acquisition of Oracle Group, a prominent Australian provider of financial advisory and investment services. The acquisition, with an enterprise value of approximately $72.2 million, is expected to be low double-digit EPS accretive by FY26 on a pro forma basis. Count plans to fund the transaction through a combination of external debt, equity raising, and issuance of scrip to Oracle shareholders. The acquisition will expand Count's adviser network, adding 22 employed advisers and 14 offices to Count's existing operations, thus strengthening its financial advice model across key Australian regions. The transaction is contingent upon various conditions, including approval from the Australian Competition and Consumer Commission (ACCC). Oracle Group's integration is anticipated to bolster Count's wealth segment and enhance its service offerings, resulting in increased funds under advice (FUA) and funds under management (FUM).
Key Points
  • Count Limited acquires Oracle Group for approximately $72.2 million.
  • The acquisition is expected to be EPS accretive by FY26.
  • Funding through external debt, equity raising, and scrip issuance.
  • The acquisition adds 22 employed advisers and 14 offices to Count.
  • The transaction enhances Count's financial advice model in Australia.
  • Conditions include ACCC approval and other regulatory requirements.
  • Oracle Group integration expected to strengthen Count's wealth segment.
  • Significant increase in funds under advice (FUA) and funds under management (FUM).
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.