Any management accoontant wid tell ye, that when you are looking at differing columns of profit contribution .............and considering how much capital is tied up in the different columns:
.......you recommend shrinkage where capital is least well employed.
Quick look at SGS metrics ( excluding NIHL) in the morning and by your logic SGH Oz would be toast.
SGS you will find has more Midas aboot it than anything else in the group. Which is why AG says it is an "Excellent" business model . He is right.
Mel ( Up yer chantie^^ mode)
Chantie is a large 700 year old castle with 100 pipers , servants, 1000 cares of sculpted grounds and a Bentley at the portcullis. Or it could be lots of other things.
SGH Price at posting:
83.0¢ Sentiment: Hold Disclosure: Held