The tables on page 5 and 11 demonstrate why this company is a 'market darling' despite low share turnover - today, just 30,000 shares changed hands.
The alignment of Directors with institutional and retail SH is another reason to give SNL a tick.
Interesting that it will open its third branch in Perth, Western Australia. I' have no doubt this was very carefully considered by the Board before it got the go-ahead. The report also briefly mentions two possible future opportunities (but doesn't go into detail). We'll be informed at an appropriate time.
Quite a few months ago, I attended the open day for the commencement of its Truganina branch in the industrial western suburbs of Melbourne. Typical of SNL's foresight, it had purchased an adjacent vacant block and is opening an extension.
Exciting that the above expansion will facilitate up to $400 million in annual sales. No doubt @madamswer will provide one of his famous graphs to show the continuing progress of SNL.
FY 25 growth is estimated at around 14 per cent, a metric that many other listed companies would love to have, but may not.
SNL Price at posting:
$27.04 Sentiment: Hold Disclosure: Held
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