I have had a good look at the prospectus and the profit guidance for next year - which looks good however I don’t really understand if you were a dentist running a successful practice why you would buy into smiles inclusive unless you were either a) struggling and not making a good return which means the guidance for next year is ambitious or b) you have a successful practice and have been paid too much by smiles inclusive.
I would understand this one better if the target dentist was just starting out in the profession and couldn’t afford their own practice. This would then sound a little more logical
I see Mike Timoney from what I understand has 9 mil of shares for no consideration - sounds like a lot even considering he has established a dental group previously.
SIL Price at posting:
$1.02 Sentiment: None Disclosure: Not Held