Burson Group: clear growth strategy

Robert Frost

OC Funds Management

Burson Group (ASX:BAP) reiterated its credentials as one of the better managed growth stories in the Australian small companies universe by posting an interim result ahead of consensus expectations. The company purchased MAH (formerly Metcash Automotive) in July 2015, which included Autobarn, ABS and Midas store networks. Pleasingly, both the existing highly defensive Burson trade business and recently acquired MAH stores delivered strong sales and margin growth and demonstrated an impressive ability to pass on supplier price increases (which were driven by the lower Australian dollar). In our post-result meeting, management articulated a clear strategy to grow each of its key business units and cement itself as Australasia’s leading provider of after-market parts, accessories and services. (VIEW LINK)


2 stocks mentioned

Robert Frost
Head of Investments
OC Funds Management

Robert was appointed Head of Investments in 2009 and has been a Portfolio Manager since joining OC Funds Management in 2001. Robert is also an Executive Director of parent company, Copia Investment Partners.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment