Greencross romps into the ASX200 index

July 16, 2014

Greencross

Following the recent merger of veterinary group Greencross and Mammoth the owner of rapidly expanding Petbarn stores,  the share price of combined entity, listed as Greencross Limited (GXL), has improved markedly.  As a result, Dow Jones has announced that Greencross will replace David Jones on the S&P/ASX200 index after the close of trading on July 18, 2014.   We expect that the latest price increase will be supported by fund managers whose investment mandates are limited to ASX200 taking positions in Greencross.

Morgan Wealth clients who have held the stock for the year ended 30 June 2014 have achieved returns of 97.64%.

Our Top Recommendations
Total returns on capital growth and dividends for 12 months ended 31 August 2018
Afterpay Touch
380.90%
Altium Limited
183.65%
Lovisa Holdings
141.83%
Xero Ltd
114.40%
CSL Limited
78.36%
Resmed Inc
62.62%
Bingo Industries
61.40%
Macquarie Group
55.13%
Nextdc Limited
54.80%
Relance Worldwide
52.21%
ASX200 Accum Index (comparison)
15.96%