Quite a few go broke every year gilly. However many of these are simply bought out by the likes of CW and converted to their format so the true figure is not so evident. Why are 15% not making money? Rent , wages, rent , falling margins (what business do you know makes $70 margin on a$22'000 sale?). Simple factors like removal of panadol osteo a year or so ago from the pbs removed huge dollars from the bottom line. Price disclosure reductions have cut generic discount to the bone which for years hid the fact that government remuneration didn't the reflect the true costs involved. ... I could go on !!
SIG Price at posting:
76.0¢ Sentiment: Hold Disclosure: Held
(20min delay)
