There's large volume - more than 1.2 million in APE this afternoon with the price up about 70 cents for the day - more than 7.5 per cent.
Yet VFACTS new car sales figures for August 2020 weren't great (though exacerbated by the silly lockdown in Melbourne which stops any of us in that city from visiting caryards).
Is this uplift a commentary on the pressure on other State politicians to lift restrictions further to match what the relative freedom NSW Premier Gladys Berejiklian has achieved for her citizens?
Is it also the market liking the continuing APE property strategy, or just general optimism that APE with its close to one in eight share of new car sales in Oz has been undervalued of late?
APE Price at posting:
$9.61 Sentiment: Hold Disclosure: Held
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