I used to hold ATL. Just read the annual results presso. Its...

I used to hold ATL. Just read the annual results presso. Its hard to work out if this business is even solvent (seems to rely on getting better prices for their fleet than they've written down to). However, it doesn't appear that they've even achieved book value when they sold the US and other fleets over FY20.

The business had some troubles then was king hit by Covid. Their purchase of Fleetwood's caravan business is presumably a complete writeoff as has been their USA expansion (and other expansions a close to complete writeoff). IMO, they'll do well to survive.