Trouchet sold a couple of million shares not that long
Maybe just as well heaps still in escrow (I think)
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Trouchet sold a couple of million shares not that long
Maybe just as well heaps still in escrow (I think)
They always had the best excuses for profit downgrades.
Gosh... lucky sold out Breakeven couple months ago .. otherwise will be another dog sheet
Good grief - down just over 36% today !
that's brutal
Guidance down by a third and share price down by a third, now isn't that just good market efficiency. With interest rates staying quite elevated for the time being, I'd say people don't have the spare money for RV purchases or extra travel. Good stock to buy when interest rates start coming down, but for now the risk of another downgrade is quite possible since the real economic decline is really just seeping in now.
Another word for synergy could be concentration. I.e rather than diversifying revenue or risk you are doubling down.
Synergy can make sense but those synergy 'savings' need to be real.
Without knowing the full detail it appears to be more cyclical economic impact a bit like OCA.
At least there might be some cheap campers come up for sale.
ACC sold down just over 1.5%.
http://nzx-prod-s7fsd7f98s.s3-websit...707/418061.pdf
Edit - got that wrong they increased their holding......:sleep:
For this disclosure,—
(a) Total number held in class: 19,442,407
(b) Total in class: 218,224,409
(c) Total percentage held in class: 8.909%
For last disclosure,—
(a) Total number held in class: 16,017,538
(b) Total in class: 217,231,623
(c) Total percentage held in class: 7.373%