What insights are listed company executives providing on the state of the Australian economy? According to Simon Conn who runs the small cap fund at Investors Mutual the message coming from both listed companies and those looking to IPO is the same. Australia is entrenched in a low/slow growth environment. To gain growth you either need to be making acquisitions, gaining market share or bringing new products to market. A trend Conn says he has been following is companies raising money in Australia to pursue growth opportunities offshore. Mayne Pharma, in particular, is one example of an Australian business benefitted from this strategy. Following an acquisition in the US Mayne Pharma has been able to grow revenue and earnings through a diversified product offering. In this video Simon explains why he sees more upside for Mayne Pharma:
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