If the Flynn group is making profits in the US then those are earned in US dollars that are worth significantly more than Aussie dollars. Therefore, they can subsidise the local Australian stores. If they inject US dollars doesnt this give them an advantage? This would be especially apparent in their ability to run corporate owned locations.
DMP Price at posting:
$30.22 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)