Wow - This is really woeful for all shareholders - my thoughts go out to them.
Makes you wonder who would be brave or silly enough to go into automotive aftermarket stocks in this country after such a significant and quick fall from grace.
Looking at what has happened with previous floats in Repco, Coventry Group, Super Cheap, ARB and Burson (BAP) SP now appearing to have plateaued no one could be blamed for avoiding this industry segment all together.
I'm no expert in this segment, but could this float all have been about a lot of Ma and Pa businesses banding together and getting more money for there businesses that they were having trouble selling in the first place? - sure looks like it particularly if they sold their shares early on when the share price was in the high 90 cents.
Should be investigated - a failure of this magnitude is not co incidence ..............
4WD Price at posting:
37.0¢ Sentiment: Sell Disclosure: Not Held
