They have said that they will expand into the panel arm once all of the consolidation dust settles.
The bullbar play is a good established business with years of historical earnings, etc.
The panel industry is going through a major consolidation with estimates of at least a 50% reduction in operators over the next few years.
The Australian market is following the USA and approx 5 years behind.
I believe Mr Gloss are in a great position.
In Victoria, AAMI have just recently announced a furthur reduction in shop numbers.
I think from about 160 down to about 60 effective from next April.
The Mr Gloss shops should not be affected by this and may even prosper.
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4.0¢ |
Change
-0.002(4.76%) |
Mkt cap ! $72.25M |
Open | High | Low | Value | Volume |
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7 | 319097 | 0.039 |
11 | 1519210 | 0.038 |
3 | 335888 | 0.037 |
2 | 37800 | 0.036 |
Price($) | Vol. | No. |
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0.043 | 310404 | 1 |
0.044 | 49980 | 1 |
0.045 | 516246 | 1 |
0.046 | 201915 | 3 |
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