Spotless Group Limited

By Intelligent Investor · 6 Apr 2001

By Intelligent Investor ·
6 Apr 2001

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Spotless Group Holdings Limited - SPO

Current price

$1.71 at 16:40 (02 September 2019)

Price at review

$6.55 at (06 April 2001)

All Prices are in AUD ($)

The world demand for plastic coathangers seems insatiable. In the six months to 31 December Spotless was on top in most businesses, however, the share price is down 6.3% from issue 73 (Accumulate - $6.99). Sales in the half gained 40% to $929.6m, pushing net profit after tax up 18%, to $20m. This is one to keep HOLD WHILE UNSTABLE.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

Spotless Group Limited

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Spotless Group Limited

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