Strong future growth

Greencross reported sales were up 14.5 per cent in the first 43 weeks of the 2015/2016 financial year and revealed plans to add more stores (21) and more in-store co-located vet clinics (14) to its network before July. Greencross vets are getting cross referrals from their retail network.
Now Greencross can fend off a hostile takeover. That's why Quadrant has sold down and the view is that the takeover premium is removed.

Greencross strength is driven by a strong veterinary sector in Australia and NZ, strong future growth and scale. Those factors and the undervalued share price make GXL very attractive buy.

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