MTO motorcycle holdings limited
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Ann: Change in substantial holding, page-5

  1. Hank Mclovin
    716 Posts.
    lightbulb Created with Sketch. 441
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    10/03/17
    11:44
    Post #: 23246753
    Alot of that debt is bailment for brand new bikes. No bikes, no sales.

    To be honest, I would have liked if they reduced divvy and got more aggressive on the acquisitions in NSW and Vic.

    I think they were just rewarding IPO buyers by delivering on promise to pay divvy as per their prospectus.
    MTO Price at posting: $4.40 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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