Apollo are back advertising there motor homes at discount prices on TV. Unfortunately cutting margins will not help the bottomline but they do need to reduce their stock levels as that is also costing them interest and possibly reducing capacity to buy other better selling lines. The caravan and motor home market cannot be in good shape if manufacturers and retailers are discounting them. I am not expecting to see much joy in the annual report. Hopefully their guidance for 2020 might be a little better.
ATL Price at posting:
41.0¢ Sentiment: None Disclosure: Held
