We note yesterday's fall in the share price, which pulled back close to the levels at the time of the AGM. The AGM update was very upbeat and potentially signalled overly conservative forecast assumptions. In our view the fall is overdone given significant strategic advances at the company over 2 years, and unassailable barriers to entry in terms of its physical remarketing and data platform. Market nerves around residual pricing risk are misplaced; BCA is price agnostic and historically defensi ....
13 Oct 2017
N+1 Singer - BCA Marketplace - Share price fall presents a buying opportunity
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N+1 Singer - BCA Marketplace - Share price fall presents a buying opportunity
We note yesterday's fall in the share price, which pulled back close to the levels at the time of the AGM. The AGM update was very upbeat and potentially signalled overly conservative forecast assumptions. In our view the fall is overdone given significant strategic advances at the company over 2 years, and unassailable barriers to entry in terms of its physical remarketing and data platform. Market nerves around residual pricing risk are misplaced; BCA is price agnostic and historically defensi ....