Having listened to the result webcast, the one recurring theme - besides the subdued market conditions - is one of acquisition opportunities and GUD's capacity to fund acquisitions.
In that light, I found the following slide to be the most pertinent when it comes to what major developments can be expected from GUD in the coming 12 months:
A major redeeming feature of the current sluggish business environment is that it will, presumably, have a moderating effect on the pricing expectations on the part of the vendors of the businesses that GUD is seeking to buy.
Ann: Amended Full Year 2019 - Results Briefing and Audio Webcast, page-2
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