If I am not wrong, ECX is one of those Equity Story ones that no one got told to sell quick. Maybe I am mistaken.
Fleet leasing, Grays Online- vehicles , and vehicles and housing not in the right business cycle now (cyclical downturn in progress).
All went pear shape after merger with McMillan Shakespeare failed , but the writing was already on the wall that their business was experiencing a declining fortune.
Very very steep fall, sorry no feel on valuation without doing deep dive. But perhaps your best hope is to wait for an oversold recovery to sell into and move into better stocks.
Technically it should have been sold back in May last year after breaking support.
Stocks in these line of business also can be influenced or impacted by any forthcoming budget announcement- I recalled McMillan did previously.
