Depends on valuation, current seems to be well below $3. Bell potter had around $2.60 a few months ago... Any other reports/valuations out there ? New management seem to be intent on investing/spending a whole lot of money on the Australuan divisions, the question is how quickly and effectively will they execute and derive the expected benefits and revenue, will it be at better margins? It's seems there are to many Australian parts underperforming. You expect some of the individual locations to underperform in a large portfolio but the question is what % is this as it is a drag on profits?! I think management have not been transparent on this ...
AAD Price at posting:
$2.60 Sentiment: Hold Disclosure: Held