How long have you held Greencross Limited (GXL)?
Platypus initiated a position in Greencross in February 2014.
What do you like about it?
Greencross has a leading position in pet food and pet accessories retailing as well as in rolling up veterinary practices. They have a track record of delivering impressive earnings growth, and while they are a clear market leader, they only account for a 5% market share. The market remains very fragmented in an estimated $7 billion addressable market.