As an agent of 30 years standing let me tell you anyone can buy market share if you have the money. Their reps are on 80% commission. That's why they have so many of them. How does a business model like that stand up? All they are doing is bragging about market share. That does not equate to profit and never has. As far as their agency purchases in WA is concerned they paid over the odds with substantial goodwill and then closed the agencies. What was the point of the goodwill payment? Did you notice they paid for most of the Vicus acquisition with 41m shares. Good luck to the directors of that company offloading them before the balloon goes up
AU1 Price at posting:
0.9¢ Sentiment: Sell Disclosure: Not Held