CL8 0.00% 1.3¢ carly holdings limited

From the last goauto article 3 weeks ago:"Despite difficult...

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  1. 1,452 Posts.
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    From the last goauto article 3 weeks ago:

    "Despite difficult conditions in accessing the supply of new vehicles, the Carly team has been able to successfully place numerous orders and since late July 2022; 12 vehicles have already been received (with the majority already out on subscription), with another 41 to be delivered between September and November 2022"

    So 41 to be delivered over the next two months. The latest facility has capacity for another 10-11 vehicles but I'm not sure why they haven't ordered those vehicles given they state they have ability to find the cars and have over 87% utilisation rate? Got the supply and got the demand so why hold off?

    Mornigstar broker report on Comsec has upped the target price to 10 cents for Cl8.

    Nothing of interest or significance in the SG Fleet annual report.
 
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