APM apm human services international limited

Great to see nobody is discussing APM, page-26

  1. 1,279 Posts.
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    A roll-up with management incentivised to hit NPAT(A) targets.


    https://hotcopper.com.au/data/attachments/5600/5600135-718eb4c9599f7d0457a462118febdfda.jpg
    Guess what they do when debt is cheap?https://hotcopper.com.au/data/attachments/5600/5600136-f4a458f555a3bc8b24111fc4edcfc08b.jpg

    Yup, exactly what you'd expect them to do. Use debt to make sure they hit their bonus targets.

    I've seen the story of the debt funded roll up. It doesn't usually end well.


 
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