BKL were very lucky. GT went backwards under BKL guidance, the numbers suggest they cut out a lot of staff, gave it no investments like they said they would back in 2016 and reduced inventory to make the cash flow look better. But we know they didn’t have enough stock ans have lost its shine in the market place. what I heard was the tender process sent to many businesses as an EOI was turned down due to the higher price expectations that many thought was ridiculous considering the business theoretically went backwards in sales, had a high churn rate of knowledgeable engaged staff and profit only increased due to the significant reduction across innovation, products and staff.
MCP Price at posting:
85.5¢ Sentiment: Hold Disclosure: Held
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