The results are much like i expected them to be. All of the reasons given are plausible and well explained. There are some positives to be drawn from the results - Canada is managing to do better than most of the operations and now represents a greater proportion of revenue than it did in HY20 - a huge whack of orders are held for RV units yet to be built ($49m +) - the company is downsizing to match current internal rental demand and holding good cash reserves and funding headroom to ramp up purchases when things pickup - caravan and RV sales are booming and heavy discounting is not required to reduce the fleet when necessary. In other words it could be much worse if they were not reacting to the market quickly and tried to ride it out without downsizing. I guess the comeback will be as long as it takes for both international and internal borders to open permanently with certainty and a little bit longer for business to stabilise again. In the meantime those holders that got in at the lows and even holding at todays figures will stand to make some money on the way back up with each positive trading update. Me - back in the bottom draw until ??
- Forums
- ASX - By Stock
- ATL
- Ann: H1 FY21 Results Release Presentation
Ann: H1 FY21 Results Release Presentation, page-2
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit