I’m flabbergasted by the amount of people assuming some detailed plan to is afoot to acquire the company - or make some kind of play - when share price goes now. No instos are buying this. There are more sellers than buyers. That’s it, plain and simple.
There may be a reason to buy LVT shs in the future, but mkt saying there is no near term catalyst for a re-rate, thus the absence of buying.
Ann: FY22 Q1 Results - Investor Presentation, page-157
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