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Clime Investment Management Ltd ( (AU:CIW) ) has provided an update.
Clime Investment Management Limited has announced the sale of its retail client book to an external financial planning practice, aligning with its strategy to streamline operations and focus on its core wholesale business. This divestment is expected to positively impact the company’s profitability and allows Clime to concentrate on providing value to high-net-worth clients by rationalizing lower-value offerings.
The most recent analyst rating on (AU:CIW) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Clime Investment Management Ltd stock, see the AU:CIW Stock Forecast page.
More about Clime Investment Management Ltd
Clime Investment Management Limited operates in the financial services industry, focusing on investment management. The company primarily serves high-net-worth investors and private clients, offering access to unique investment strategies and structures not commonly available through mainstream channels.
Average Trading Volume: 50,165
Technical Sentiment Signal: Sell
Current Market Cap: A$29.78M
For an in-depth examination of CIW stock, go to TipRanks’ Overview page.