A Clear View for the Future
When you have more cash on your books than the company is worth, as Clearview Wealth does, then something needs to be done - hence the ’strategic review’ announced on Friday by the company.
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News
ClearView Wealth Warns On Profit
Financial services company ClearView Wealth says its first half of 2019-20 underlying profit will be down by around 23% to about $10.2 million, thanks to rising claims costs and policy lapsing.
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Videos
Stocks of the Hour: KNeoMedia, ClearView Wealth, Steadfast Group
A snapshot of the stocks on the move, featuring KNeoMedia (ASX:KNM), ClearView Wealth (ASX:CVW) and Steadfast Group (ASX:SDF).
WATCH VIDEOAnalyst Views
CVW – Macquarie rates the stock as Neutral
A trading update from ClearView suggested an FY19 profit -7.6% below the broker's forecast, due to the adverse impact of a change in income protection claims assumptions. Changes have been made by management in all of expense, claims, lapse and discount rate assumptions to take into account recent experience.
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