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18:06
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Originally posted by DollarManWon:
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I'm late to read the AGM stuff. It was quickly glossed over but that LINC buy has been a total dud. Only just last year they paid 3.6 million dollars for 75% to some bloke who can now cough up just $100,000 in ebitda income (if I've got that right?) down from 500k/year. That is absolutely atrocious by the Ashley person who scoped it out and believed the salesman/ and why he was selling (yeah, he knew!) as much as it is on the seller, surely? I appreciate clients can come and go but if the income can turn down so much and you can't win other clients this was a horrible reflection on all involved. Now the company is just washing it's hand of it all. It's very disappointing for sure.
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Well said, suspect ASH has been o/done? Await updates!
