Hi. Nice to know I was missed. No had not lost interest just accept the fact that my predictions are not coming true as quickly as I expected. However I would contend that the evidence is not against me it is just so very slow moving.
Suppose you gave me 10 million dollars for my business.(I pay tax at CGT rates on this money not income tax rates) I could give you back 1.2 million dollars per years for 5 years and all would like good. I could retire after 5 years with 4 million dollars. You then may manage to milk my clients for 1.2 million dollars over the next 5 years even with bad Dentistry (if you charged enough) you will probably get at least one go at most of my clients. In 9 years you have got your money back and the business is now worth next to nothing because the goodwill is burnt.....less than nothing if you still have an expensive lease on some CBD real estate.
How long has 1300 been going 13 years about 10 since they started serious acquisitions?
If this is the business model then it is not sustainable even if you move south and try and recreate the dream for another 10 years?
However if the business model is to create the illusion of growth and sell shares to enthusiastic punters who want to believe that this will just keep going then yes there is some serious money to be made by someone! Reading the sales pitch that accompanies the annual reports I suspect this is the business model....look up the history of Glencross Vet practice acquisitions...he is a board member of 1300smiles
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