Fleetwood’s share price surge

Fleetwood's share price has rocketed through our recommendation guide. What now?

Fleetwood recently announced it had sold the Osprey Village for the excellent price of $62m – our original valuation on the village was $64m – and confirmed it had used the proceeds to eliminate its debt. We covered the news enthusiastically in Fleetwood for the long haul (Speculative Buy - $1.76) and noted that ‘the odds of a decent outcome are higher than they were’.

Share price above our buy price

Investment case on track

Potentially more upside

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