Old news now but I see Industry-wide sales were down 13% in Q1 2017.
"The national motorcycle market suffered a 13.4 per cent decline in the first quarter of 2017 compared with the same period in 2016 according to the latest sales data published by the Federal Chamber of Automotive Industries" https://www.fcai.com.au/news/index/index/year/all/month/all/article/485
By contrast at the Feb investor presentation MTO stated that "Trading conditions buoyant. Outlook remains positive".
Stark contrast - albeit slightly different points in time. I wonder how Qld motorcycle sales fared - and esp, MTO? Kawasaki and Yamaha both fared worse than average in Q1 according to the industry stats.
MTO Price at posting:
$3.77 Sentiment: None Disclosure: Not Held
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