Good question. I can offer the following. The number of public servants around Australia has increased quite some over the last 10 years. I suspect the NFP sector has grown but not sure if the charity sector has grown particularly the bigger charities where salary packaging may be offered.
I was reading yesterday that Eagers Automotive )ASX code:APE) formerly A.P. Eagers has had a stellar share price run recently and new car sales are on the way up (except Sictoria) and in fact some shortages in supplying new cars was being experienced for the first time in a long time. The shortages were put down to production delays overseas due to Covid.
That being said, new cars means new leases and that should be positive for SIQ.
Organic growth will be a little slow but M&A activity from left field will put a rocket under the SP.
SIQ Price at posting:
$5.84 Sentiment: Buy Disclosure: Held
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