There is a report in the Australian today about a potential privatisation and also some negative news on April retail spend. One or both of these factors may have caused someone to panic and off-load their shares.
Specialty historically make a loss in the second half which, combined with a late start to the winter season and subdued retail spend, could explain the low share price. I'm still bullish long-term.
Emerging value, momentum building, page-20
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