Ansell: Result 2015

A sluggish Industrial division and looming currency and tax headwinds made for a disappointing result for this condom and glove maker.

In Ansell: Interim result 2015 from 10 Feb 15 (Sell – $24.06) we finished with ‘as many of Ansell’s customers have learnt, hope is not a strategy – you need protection … until a margin of safety returns, we’re downgrading to SELL.

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