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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They have said that they will expand into the panel arm once all...
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4.8¢ |
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Mkt cap ! $86.70M |
Open | High | Low | Value | Volume |
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1 | 250000 | 0.047 |
3 | 226000 | 0.046 |
5 | 635221 | 0.045 |
2 | 265822 | 0.044 |
Price($) | Vol. | No. |
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0.051 | 534782 | 2 |
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