There has been a series of acquisitions since 2018, Revenue from 888 - 3500M (3.94x), shares 2.57x, debt approximately 2x. Its clear that this dramatic expansion (almost 4x) has come at the cost in terms of reduced profit margin. The hope looking forward is that expansion via acquisitions can slow, consolidation can be completed, debt reduced and NPAT margin increase, and the gains/synergies of acquisitions can be reap rewards for shareholders. The outlook seems strong, global coverage is good and penetration into the US market is positive. Was hoping for a larger margin this half but happy to hold.
PRN Price at posting:
$1.16 Sentiment: Hold Disclosure: Held
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