The statement on page 10 'over one million unique catalogue entries developed over decades' is key to the success of SNL.
It acknowledges two major competitors with its page nine matrix, but to me, the complexity of servicing truck and bus users means that it's extremely difficult for further significant competitors (for the 'aftermarket') to enter Australia and NZ.
This is a terrific, conservatively run business.
Another example of a growing entity that the vast majority of retail investors completely ignore, while concentrating on companies such as QAN that by comparison have lukewarm at best future prospects.
SNL Price at posting:
$10.39 Sentiment: Buy Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)