My gut feeling:
a) PE vendors of Auto Pacific Group exiting their 4.6% position (notice how they organised this just under the 5% thresh hold so no disclosure requirements). Under the terms of agreement, they could only start selling 5 days after the reporting FY22 financials.
b) Auto Pacific Group was both a large acquisition relative to GUD market cap, and its massively under performing (and I think they over paid for it).
Aquisition price $744m and was supposed to generate EBITA of $80m but has only generated $42m annualised for FY22 ($25m x12/7).
AGM is going to be further fess up time.
Mr Market knows this and is front running to the exit.
The only 'good' news, how much is now being factored in by the dropping share price??? That's the million dollar question.
My gut feeling:a) PE vendors of Auto Pacific Group exiting their...
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Last
$10.53 |
Change
-0.180(1.68%) |
Mkt cap ! $1.483B | |||
| Open | High | Low | Value | Volume |
| $10.55 | $10.65 | $10.51 | $1.607M | 152.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1 | $10.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.59 | 947 | 4 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$10.55 |
Change
-0.180 ( 1.45 %) |
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| Open | High | Low | Volume | ||
| $10.59 | $10.65 | $10.52 | 21817 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| GUD (ASX) Chart |