APE 2.45% $10.45 eagers automotive limited

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  1. 500 Posts.
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    As I say mate based on last report it true value is around $8.75 it is what it is.. reason for its current valuation is based on forward earnings around what could be. I believe there is better deals out there. But I firmly believe APE is great company and have been along for the ride since 3 dollars and black group acquire. still a lot of grey area around ASIC and that could be paramount to earnings.. growth capture is around used cars for APE hence Carzoo etc - if all this works growth is imminent, but as i say i cant see the value right now - and was purely suggesting why it had retreated from mid 12's. wish you all the best.
 
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