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Savvy investors who bought Greencross Limited (ASX: GXL) back in 2011 – 2012 will know how quickly a business can grow through acquisition. Michael Glennon of Glennon Capital believes recent listing National Veterinary Care (ASX:NVL) is well positioned to execute a similar roll-up strategy, “it’s a recent float, it’s trading at 1.14, it’s on a PE of 11, it’s 40 million dollar market cap and it has got very bright prospects in terms of acquisitions it can make. It makes an acquisition…it is far more accretive…than it is for a Greencross to make that acquisition…Its got good management, the management are all ex-Greencross, they know the systems and they know how to do the acquisitions. I think it’s low risk and it has good upside.” With regard to ASX:NVL growth prospects, “it has got a lot of room to grow, I can see that business doubling over the next year or two”. Watch the video for more insight into National Veterinary Care.
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Disclaimer: The information contained in this presentation is general in nature and should not be relied upon. Before making any investment or planning decisions, you should consult a licensed professional who can advise you weather your decision is appropriate for you. Contributors to this show may have commercial or financial interests in the companies mentioned.
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