G'day Simon
I had a quick look this morning and thought that NPATA forecast was about 4% above last year. 4% growth is okay (certainly less than consensus of +10%) but an acquisition would fix that. The underlying fundamentals of the business are great and most of the 4% will be coming from efficiencies. So the real question is whether SIQ can restart the growth engine.
At some stage people will start replacing older vehicles with new vehicles, they cannot put it off forever. Also i think any employer worth their salt will be trying to help employees get greater value for employees by utilising more salary packaging options.
But for the time being a very rocky road ahead for long time shareholders.
Ann: Change of CEO and Earnings Update, page-3
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$8.38 |
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Mkt cap ! $1.123B | |||
| Open | High | Low | Value | Volume |
| $8.47 | $8.48 | $8.30 | $2.070M | 246.9K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1216 | $8.35 |
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| Price($) | Vol. | No. |
|---|---|---|
| $8.39 | 137 | 1 |
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