It only just entered China, and there's plenty to do there, so there's concern the management may get stretched.
More Quotes from Stuart Fraser:
The background has been encouraging so I don't think it's just a Christmas rally to expire completely in January. We've seen good confidence numbers from the U.S. and Germany, stronger growth, inflation well contained. The oil price is admittedly sticking a bit around 60 but it isn't going up anymore.Stuart Fraser
The U.S. has been a graveyard for U.K. retailers, so investors are a little cautious. It could be that it wants to a get a flavor for the market through a small operation and then make a massive acquisition to get instant size.
Stuart Fraser
The concern is there'll be less capital investment and fewer buybacks.
Stuart Fraser
We're not particularly concerned about rises in interest rates in the medium term. It's a red herring to markets and people can get too carried away.
Stuart Fraser
We have seen quite a few people walk away from deals after the management rejects it. Interest rates are going up. Debt financing is costing more, so that's going to put a bit of pressure on what people can bid for.
Stuart Fraser
This is encouraging because it gives a clearer view of where they want to be. With pest control they're focusing on what they do best and where the company began.
Stuart Fraser
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