McGrath Limited has released its FH19 results, which delivered an 18% crash in revenue and a EBITDA loss of $2.5 million:
McGrath operates primarily out of Sydney, where both prices and volumes are crashing:
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Accordingly, its share price has collapsed around 88% since it floated:
Surely it is now one of the great IPO failures of Australian history. Perhaps not the Dot Bomb as yet but it’s not over either…
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