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Camplify Holdings Ltd. ( (AU:CHL) ) has shared an announcement.
Camplify Holdings Ltd has secured a strategic investment and partnership with JB Group, which will become a significant shareholder with a 12.7% stake. This collaboration is set to enhance Camplify’s growth through the rollout of managed services at JB Group dealerships and extensive marketing via JB Group’s media assets. The proceeds from the investment will bolster Camplify’s balance sheet, support product development, and facilitate operational integration with JB Group, positioning the company for accelerated growth in the Australian market.
The most recent analyst rating on (AU:CHL) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Camplify Holdings Ltd. stock, see the AU:CHL Stock Forecast page.
More about Camplify Holdings Ltd.
Camplify Holdings Ltd is Australia’s largest RV rental marketplace, focusing on providing rental services for recreational vehicles. The company operates within the travel and leisure industry, aiming to connect RV owners with renters across Australia.
Average Trading Volume: 113,682
Technical Sentiment Signal: Sell
Current Market Cap: A$21.53M
For an in-depth examination of CHL stock, go to TipRanks’ Overview page.