MM stepped up and followed our recent note by allocating 3% of our Growth portfolio into CAR ~$17.25, we like their move into the US online caravan, truck, equipment and motorbike space believing the capital raise is providing a deep value entry into the business, many fund managers appear to agree with the majority of the raise being placed at ~$18. However we didn’t throw the kitchen sink into the stock simply because we can still see further weakness in the tech space over the coming weeks which might take CAR under $17 support.
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