possibly true: "Never" but ,,,, elitebuilt have been in the WA market for more than a decade.....
The precision and elite brands used to compete in the same market (Wholesale)until acquired by dexion...
I phoned the distributor (because Im a nosey person lol)
I actually got through to the managing director
They have actually been forced to set up a Competing distribution network with a new brand. Not just in W.A. but Australia wide....(Its the Australia wide that worries me.)
I did have DEX down for a buy at this level. As the Dividened yield was looking good...But if this is true i wont be touching it until i see new revenue and dividend figures...
I have looked everywhere on Dexion site for an announcement as to the termination and why..
But nothing.
They are still listed on the newzealand website as WA distributor....
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