im not sure if you had a look at the carter holt acquisition but...

im not sure if you had a look at the carter holt acquisition but they had massive revenues but very very low margins. something that the current mgmt addressed.

I believe they will be able to achieve more than the 7% average. margins will improve once carter holt harvey has been fully integrated.

The carter holt acquisition was a game changer and will give ckl something like 25% of the folding carton market making and has made it an industry leader ahead of visy but equal to Amcor .

I like colorpak management have skin in the game and a great history of savvy acquisitions. grab buying at these levels and in my mind a better buy than amcor that trades at 20X earnings with margins around 4%

that said i am no financial advisor so please do your own research :)

sent from iPhone