2022 will also be strong you would expect - capacity in the warehouse has increased significantly and there is DA to increase even further so they are primed for more growth. Exceed will continue to deliver incremental earnings and synergies, and just general good management and organic growth from existing clients will see another strong year. Year on Year 2022 to 2021 will be around 25% growth, and 2023 will be poised for more double digits growth and another 20% is not beyond them. In addition, while Exceed is really just a bolt on, DD and the team are actively scouring and are open to all sorts of substantial M&A opportunities in a disciplined manner. If something of scale occurs at the right price it may be another extraordinary windfall.
DDR Price at posting:
$14.72 Sentiment: Buy Disclosure: Held
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