Share price sinks below 5 bucks .....back to where it was a year ago
What’s it worth on a PE of 12 ...maybe that’s where it’s heading .....a crash even lower
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Share price sinks below 5 bucks .....back to where it was a year ago
What’s it worth on a PE of 12 ...maybe that’s where it’s heading .....a crash even lower
From September...things have got a lot worse since then and yes we have a winner, FCNZ are the ones who were right. FCNZ vs Forbar, talk about a mismatch lol
I think sales of excessive level's of stock of used campervans will be even more problematic now. I think this one has been in an uptrend for so long now that many investors have completely forgotten it was once regarded as a cyclical stock and it could well go back to being regarded as exactly that. Good quality campervans for hire are certainly NOT a cheap holiday option especially in the peak summer season. I think many will choose a cheaper holiday option in the current environment and I think buyers of good used campervans will be very thin on the ground given the prevailing market weakness, (a completely discretionary luxury purchase). I expect a considerable degree of further weakness.
I also think Rob Campbell has too much on his plate now for a man of his age.
Beagle ...they desperately need to announce an acquisition and a new target like 75m profit in 2021 ...otherwise the share price will sink a lot further
As you've quite correctly pointed out THL has taken on serious debt in recent times and that works fine provided everything is going well but I suspect they're more than a little keen to sell off those "non core operations" (Actually I really like the diversity they add to the business model), to get their debt down a fair bit.
At this stage I don't think they're in a position to make a sizeable acquisition due to their debt burden. Throwing mega millions down a technology (rat hole ?), is doing "wonders" for the share price isn't it !
I really do think that many have forgotten that a relatively expensive campervan holiday is an entirely discretionary purchase, unlike domestic and some international air travel which isn't necessarily discretionary to nearly the same extent. Could this go down to the same or lower PE than AIR if the economic and market s@#% really hits the fan ? Then if we get a serious PE contraction back to what's more normal for a cyclical stock along with a serious earnings contraction, my goodness the downside could be quite considerable !
Looks like Winner and Beagle have taken up the doom and gloom mantle whilst bull is away on holiday.Lol
why there are no buyer? close to agm soon:mellow:
Pretty glad I locked in gains and cashed up (post 2912). Watching with interest. Still not looking promising from a T/A perspective irrespective of the AGM (and general market sentiment.) Good time to boost cash holdings IMO.