I'm as big a fan of ARB as any, and i'm a long-term holder, but their breakneck speed sales growth in the last 5 years (and even longer) needs to be viewed in the context provided by slides 12-14 of their market update: growth in 4WD/SUV new car sales in Australia has been running at an astonishing ~4 times the overall growth rate of the new car sales market, such that 4WD/SUV new car sales has gone from 34% to over 50% of total new car sales. I'm inclined to believe this trend won't continue (i.e. i don't think that, in 15 years, every single new car sold in Aus will be a 4WD/SUV) and, given ARB generates 2/3rds of its revenue in Australia, any slowdown (or reversal) in this trend will directly impact ARB.
I'm with MarsC on this - i certainly can't justify buying more ARB at these price levels given i strongly suspect their sales growth rate will imminently flatten once the Australian 4WD/SUV market matures (and, at 50% penetration rate, i'd say that maturation is rapidly approaching), but it's such a well-run and high quality company with a propensity to surprise to the upside that i can't justify selling, either.
- Forums
- ASX - By Stock
- ARB
- Ann: Market update-ARB.AX
Ann: Market update-ARB.AX, page-5
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ARB (ASX) to my watchlist
|
|||||
Last
$40.33 |
Change
0.020(0.05%) |
Mkt cap ! $3.320B |
Open | High | Low | Value | Volume |
$40.09 | $40.33 | $39.46 | $4.074M | 101.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 114 | $40.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$40.33 | 597 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 39.200 |
1 | 43 | 38.500 |
1 | 750 | 37.850 |
1 | 41 | 37.400 |
1 | 300 | 37.020 |
Price($) | Vol. | No. |
---|---|---|
40.590 | 125 | 1 |
40.600 | 100 | 1 |
40.900 | 155 | 1 |
41.000 | 383 | 3 |
41.400 | 35 | 1 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
Featured News
ARB (ASX) Chart |