Aptly described by the company, there has been "Satisfactory growth". In line with my estimate of 8% underlying earnings growth, though cashflow on the weak side with the build up of inventory of new products.
Although retail margins are thin in the US and Europe, the production margin certainly makes the expansion in export markets well worthwhile.
Further to Travelight's point on the small acquisitions, not only are these high margin acquisitions, but they are showing an annualised ROE of 41%. This has been a recurring theme. I recall the chairman telling me how they picked up the Cairns ARB store for a bargain price as it was so poorly managed.
All in all, plodding along nicely.
Ann: Half Yearly Report and Accounts, page-5
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ARB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$41.32 |
Change
-0.600(1.43%) |
Mkt cap ! $3.401B | |||
| Open | High | Low | Value | Volume |
| $41.92 | $41.95 | $41.06 | $4.443M | 107.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 486 | $41.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.32 | 207 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| ARB (ASX) Chart |