They have said that they will expand into the panel arm once all of the consolidation dust settles.
The bullbar play is a good established business with years of historical earnings, etc.
The panel industry is going through a major consolidation with estimates of at least a 50% reduction in operators over the next few years.
The Australian market is following the USA and approx 5 years behind.
I believe Mr Gloss are in a great position.
In Victoria, AAMI have just recently announced a furthur reduction in shop numbers.
I think from about 160 down to about 60 effective from next April.
The Mr Gloss shops should not be affected by this and may even prosper.
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Last
5.9¢ |
Change
-0.001(1.67%) |
Mkt cap ! $286.9M |
Open | High | Low | Value | Volume |
6.0¢ | 6.1¢ | 5.8¢ | $126.4K | 2.136M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 729133 | 5.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 359639 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 59761 | 1.050 |
3 | 2596 | 1.045 |
3 | 3726 | 1.040 |
2 | 2898 | 1.035 |
1 | 50000 | 1.030 |
Price($) | Vol. | No. |
---|---|---|
1.055 | 77023 | 3 |
1.060 | 53603 | 4 |
1.065 | 51503 | 3 |
1.070 | 2503 | 1 |
1.080 | 1158 | 1 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
AMA (ASX) Chart |