Auto parts business Bapcor presented at the Macquarie Investor Conference yesterday with shares weaker on the day. The presentation came with no surprises which, in our view, should be more positive for the stock. They maintained guidance, and have done so now since the AGM in October despite a change in CEO. It also shows the business has returned to growth in the second half given the slow start to the year. Sales are up 3% for the 9 months to March, in line with consensus estimates.
MM is bullish BAP
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