Private Equity would surprise me if they looked at it at the moment. As you have said "timing is everything" - could not agree more. The caravan sales worldwide need to show that they may improve more and more clarity around how the future rental income will be affected would need to be on the horizon for Private Equity to look at it. The only blame IMO the Trouchet boys should accept is the bad timing of the floundering Windsor business purchase from Fleetwood - IMO should not have happened. Hard not to be a bit negative here.
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