Piggy, you are spot on. Rationalisation of numerous acquisitions since 2012 was always on the agenda.
Company's that haven't experienced stress due to heavy debt load simply call it synergy benefits.
Duplication across businesses acquired needs to be assessed and restructured, which is where benefit is derived from scale.
It became a headline for S&G due to needing to explain how it was tackling the impairment issue. If not for that, similar changes would still have occurred but more of a back page footnote instead of front page answer to a crisis.
Good business in my view. Continuously monitor strengths and redeploy where opportunities present.
SGH Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
