Smiles Inclusive, which trades under the Totally Smiles brand and operates 56 dental practices, tumbled to a horror loss of $19 million in an unnerving display of wealth destruction after an ASX float 16 months ago.
Smiles Inclusive listed on the ASX in April, 2018 in a $35 million float priced at $1 per share, but the stock has now sunk to a record low of 7.5¢.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
