ASH 5.26% 20.0¢ ashley services group limited

Ann: Appendix 4D and Half Yearly Accounts, page-21

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  1. Emu
    49 Posts.
    Bubby,
    There are many reasons. Labour Hire is a cut throat single digit GP business v Training which is typically 60-70% GP. At the same time training businesses (historically - ie pre-Vocation !!) attracted a much higher valuation multiple so it was always more attractive to promote the business as a training group.
    The plan was always for the labour hire businesses to "feed" the more profitable training businesses by providing unskilled casuals to train.
    Its a pity the "colourful identities" in the industry tainted all operators - and the rest is history !
 
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