GXL 0.00% $5.54 greencross limited

News: GXL Greencross Sees FY2018 Underlying EBITDA Between $97 Mln And $100 Mln, page-40

  1. 2,965 Posts.
    lightbulb Created with Sketch. 70
    I have a different take if you read their announcement carefully, they don't have a revenue issue, they have cost controlling issues and being an ex- QAN man he knows all about cost control.

    so plenty of money coming in if you can reduce cost and tightly control it like QAN you get a good profit driver once these cost control processes are in place.

    The vet business made up 30% of their revenue and probably 40% of their profit so not be all end all if they run into some issue with Vet side, the retail side is still very healthy.

    I stand by my conviction market overreact, it will be a different business once Hickey keep the cost under control and growth will come in FY2019
    Last edited by ROEROC: 09/05/18
 
watchlist Created with Sketch. Add GXL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.