Jandakot land undervalued, page-4

Some elements since last company update :
- 1 director bought 1,500 shares (for 31.650 $) on 1/10/21,
- as expected, the European auto market has been weak during Q1 22 with a decrease of the auto production of around 30 % (source : IHS),
- Faurecia, one of the main European auto supplier (seats, interior...), resisted quite well for the period July-Sept with a decrease of 10.4 % for their sales (- 11.4 % at constant scope and currency basis) and - 20 % for their European sales. Interesting also to note that Faurecia does not expect a large deterioration of their margin for H2 21 (July-Dec 21) as they expect an OP margin of 6 % to 6.2 % for FY 21 (end in Dec 21) vs 6.6 % for H1 21.

Given that there is no sign of improvement for the auto market for Oct-Dec period, Shaffer will probably be very cautious for H1 22.
Once again, the main question will be their ability to limit the deterioration of their margin.