ASX:BAPRetail Distributors
Bapcor (ASX:BAP) Is Down 55.4% After Deep Discount Equity Raising And Turnaround Plan Reveal - What's Changed
Bapcor Limited recently reported a half-year statutory net loss of A$104.8 million, following lower sales of A$973.03 million and significant impairment charges, and simultaneously launched a deeply discounted A$200 million equity raising via an entitlement offer and placement to strengthen its balance sheet.
Alongside these results, new leadership has flagged a comprehensive turnaround plan focused on pricing, inventory, IT modernisation and supply chain simplification, signalling an...