Australian (ASX) Stock Market Forum

spotless group holdings

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    SPO - Spotless Group Holdings

    new ipo added today spotless group private equity bought it for $720m, and now offloading for $1.7 to $1.9bn, an increase of 150%. basically they stripped out costs, thats how the profit went up. but such cost increase benefits aren't sustainable. revenue has been stagnant around 2.5-2.7bn for...