GXL 0.00% $5.54 greencross limited

GXL investment thesis, page-23

  1. 7,936 Posts.
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    @Maestro73,

    Gearing of 47% is quite meaningful when almost 120% of the balance sheet is comprised of intangibles.

    I suspect you might not have truly seen operating leverage in action when like-for-like sales stall in what is largely a fixed cost business.

    The resulting impact on the bottom line is not pretty.
 
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