That is wrong. Hail Storms hit in late January, early Feb. There is at least 12 months worth of work in the ACT & Melbourne as a result of this. Prior to these events, all claims would have been down due to the drought. I would in visage that this company at least in the panel division would achieve a much greater result for the second half of this financial year.
Corona-virus may effect things somewhat, however it would only affect sites in panel through parts supply or site shut down, otherwise all these areas should have a dramatic turn around.
Their aftermarket division may still deliver poor results however, as new cars sales I would imagine would be very poor at the moment. In saying that the federal governments raising of the instant claimable asset write off scheme from 30k to 150k may help new car sales?
I think this company is hugely undervalued. But then everything is at the moment the with this virus!
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