CASE Study: Cover-More and Cerno

nga dionline
CASE Study: Cover-More and Cerno

Subject of analysis: Evolution of the Cover-More and Cerno in the Australian insurance and loss adjustor market segments. We track their story over a sufficiently long time horizon. We assess the growth in revenues, the increase (decrease) in employees and offices in Australia as well as across other markets.\nAnother key point is achievements and awards that the companies had received for innovation as well as major contracts awarded to them. Both the companies had evolved from relatively small sizes to becoming market leading companies in their segments. Cover-More and Cerno have reported revenues in excess of AUD200MM and AUD40MM respectively for FY2013 which is a major achievement.\nHowever, all said it seems Cover-More emerges on top and has been consistently delivering profits since 1986. Further since listing (CVO.AX) it has gone on to beat its own projected estimates in the prospectus it has filed with ASX. Equity research coverage by firms like Macquarie add credibility to fut

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