The failure of Rip Curl to complete a sale may have been more sport- or company-specific than anything else. Given the rise in the stock market, it’s possible we are on the cusp of an upturn in corporate activity. Macquarie Group’s (ASX: MQG) share price has already run hard, perhaps factoring in the uptick in corporate merger and acquisition (M&A) activity, however there may still be pockets of value amongst some of the smaller listed financial services companies including stockbrokers Wilson HTM (ASX: WIG) and Bell Financial Group (ASX: BFG), who will benefit from an uptick in trading volumes and also any resurgence in M&A business.
8622444