Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
G'Day, I have a small holding in Bapcor. It hasn't performed well. They are raising funds (SPP) at a low 60c. With a forecast of returning to profit in the next half, is this a good chance to get in cheap or have I been too late to get off the ship? Cheers B
Hi B,
Bapcor Ltd (BAP) is a $260mn Australian automotive aftermarket company that distributes and sells vehicle parts, accessories and workshop equipment to mechanics, trade customers and retail consumers across Australia, New Zealand and Asia.
We cannot be fans of this auto parts retailer with downgrades flowing but a decent bounce wouldn’t surprise with so much bad news built into the stock. In terms of buying the stock at 60c, when its trading at ~80c our flippant and well considered answer is why not, we can see the stock consolidating between 60c and $1 over the coming months, and the discount is big enough to make this attractive.
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