Fund managers, page-194

@WizzardofOz
Some comments after reading Close the Loop prospectus :
- some of the figures are distorted as some costs were differed in FY 21 (explains why they expect + 38 % for operating expenses in FY 22 vs + 10 % for revenues),
- surprised that the margins are similar for Close the Loop and OF Group (before merger). As we do not have more information, we have to assume that the deferred cost impacts the 2 businesses a similar way.
Surprised in particular by the really high margins of OF group : gross margin of 30.5 % and EBITDA margin of 19.3 %.
Really high for a packaging group. It answers one of the my potential concern (whether it is really a high value added business).

This story reminds me the one of DGL group which was also listed recently.