It's very sad that this WA company is going down the way it is.
They sold their flagship in Coventrys, the Automotive parts division to AHG and now the word around is that the new Covs Parts is increasing it's market share and profitability under the AHG banner.
Why on earth did Roger Flynne decide to sell this business. Clearly a blunder on his behalf.
Another blunder yet he still has a job. Surely there will be a backlash at the next AGM when the SP start waining on negative indutrial growth and their is no more of teh farm to sell to prop up teh SP.
Dont forget that they are doing this share buy back thing still which is helping to keep the SP up and making him look good for his eventual cash out and exit.
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