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Australian skin treatment clinic Silk Laser has experienced a 5% drop in share price. The group posted healthy results on Tuesday, but a lot of debt remains racked up, along with the new acquisition announced today.
Silk Laser, with 127 outlets doing cosmetic injections and laser treatments, raised prices by up to 8 per cent and then had a record month.
Extra Edition of the Broker Call Report
The S&P/ASX 200 Index rose 1.2 per cent to 6687.1 on Monday. Nuix fell 13 per cent to 63.5¢, and Whitehaven Coal rose 5.2 per cent to $5.90.
Investors who bought into the Silk Laser’s float are feeling the pain, but the cosmetic injections group is on the expansion path.