Stocks of the Hour: Bapcor, Summit Minerals, DY6 Metals
A snapshot of the stocks on the move, featuring Bapcor (ASX:BAP), Summit Minerals (ASX:SUM) and DY6 Metals (ASX:DY6).
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Bapcor Limited is Australasia’s leading provider of automotive aftermarket parts, accessories, automotive equipment and services.
Bapcor’s core business is the automotive aftermarket. Our businesses span the end-to-end aftermarket supply chain covering Trade, Specialist Wholesale, Retail and Service.
Our Trade businesses include Burson Auto Parts, Precision Automotive Equipment and BNT, and house amongst the widest range of car parts in the world for thousands of vehicle makes and models.
The Specialist Wholesale segment supplies the automotive aftermarket with an extensive range of products through businesses which are industry leaders in their product categories. Bapcor’s Specialist Wholesale businesses include AAD, Bearing Wholesalers, Baxters, MTQ, Roadsafe, JAS Oceania, HCB, Diesel Distributors, Federal Batteries, Premier Auto Trade, AADi and many more. Recently, Bapcor has added the Commercial Truck Parts Group which provides parts for light commercial trucks.
Retail and Service businesses include Autobarn, Australia’s premium retail offering, independents Autopro, Sprint Auto Parts, Opposite Lock and Car Parts, and Service businesses Midas, ABS, Shock Shop and Battery Town.
Bapcor takes pride in developing our specialist and knowledgeable team, culture and capability, coupled with an unrelenting focus on excellence in customer service. Bapcor employs over 4,500 team members in more than 950 locations across Australia, New Zealand and Thailand.
A snapshot of the stocks on the move, featuring Bapcor (ASX:BAP), Summit Minerals (ASX:SUM) and DY6 Metals (ASX:DY6).
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Bapcor Limited, an ASX-listed leader in the automotive aftermarket industry, is undergoing significant changes under its new Executive Chair and CEO, Angus McKay, who stepped into the role eight weeks ago.
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Like Fletcher Building, auto parts group Bapcor (ASX:BAP) was always likely to report a substantial loss given the trading and management challenges exposed from February onwards.
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Car parts retailer and distributor Bapcor (ASX:BAP) had a busy Tuesday, announcing a new CEO and Executive Chair, and rejecting the tentative $5.40 a share approach from Bain Capital, an American private equity group.
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Embattled car parts retailer and distributor, Bapcor (ASX:BAP), has won significant support from its bankers as it prepares to announce a significant loss for the year ending June 30 and decides whether to fight a takeover approach from an American private equity firm.
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Interesting how the Bapcor (ASX:BAP) share didn’t get near the $5.40 trailed by Bain and Co in one of those airy-fairy non-binding indicative, perhaps-we-might-make-a-bid deals on Tuesday, revealed after the long weekend.
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Struggling automotive parts retailer and distributor, Bapcor (ASX:BAP), has confirmed that US private equity group Bain Capital has lobbed a non-binding offer at around $5.40 a share, approximately $1 above Friday’s close of $4.36.
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The 30%-plus plunge in the Bapcor (ASX:BAP) share price after Thursday’s trading update told the story of why incoming CEO, Paul Dumbrell, recoiled and quit the gig a day before he was due to start on May 1.
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In an ominous sign, shares in the auto products group Bapcor (ASX:BAP) were halted on Tuesday ahead of a trading update, which is expected to outline sliding sales and profits.
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Automotive parts retailer and wholesaler, Bapcor (ASX:BAP), might struggle to maintain its interim dividend at 10.5 cents a share if its weak update for the half-year to December turns out to be accurate.
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Bapcor (ASX:BAP), the auto parts retailer and wholesaler, is grappling with a challenging beginning to the 2023-24 fiscal year due to a slowdown in consumer demand, impacting its trading performance.
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