Who said capitalism was dead in the new world order of prolific government handouts? The profit motive is at least alive and kicking in the sexed-up sanitiser sector, as both new and established participants grab on to what’s hopefully a once-in-a-lifetime opportunity.
So far this year Crowd Mobile Limited has launched in Denmark, Turkey and the Asian markets. However the most recent partnership with Track Holdings appears to be the most significant announcement so far. As we have seen with companies such as G8 Education (GEM) or Greencross Limited (GXL), expansion through acquisition may result in higher funding risks, which may negatively impact the share price. Will Crowd Mobile’s aggressive growth strategy pay off?