A Hollywood celebrity as the second-biggest shareholder was reason alone to short the stock; hedge funds must be kicking themselves.
In very bad news for local investors, two of F45’s largest institutional shareholders are Australian funds – L1 Capital and Caledonia, each speaking for nearly 7 per cent of the shares on issue.and a decline of just 0.5 per cent for the first six months of 2022.
PrincipalsCaledonia paid in the order of $US100 million for its F45 stake in November at an average price of $US14.65 per share. Its residual value today wouldn’t even cover the sticker price onVicars, who is often wrong but never in doubt, is presently the kiss of death; everything he touches turns to brass.
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