GNC has fallen by about the same amount (c.1.25 per cent) that UMG (in which GNC retains a c.8.5 per cent interest) this morning.
UMG incurred a $16 million bad debt in the past year that somewhat crimped net profit, but has also suffered from COVID-19 government restrictions. Australia is only about seven per cent of UMG's revenue in a typical year: it's largely in the USA, UK and Canada, plus some from Mexico.
GNC Price at posting:
$7.93 Sentiment: Hold Disclosure: Held
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