I am not surprised thats why I sold out at $16.50 could see this coming. Car sales have really started to decline and some waiting periods for new cars are over one year and with interest rates rising new car orders will start to fall over people will just stick with the car they have. Used car sales are down as well there is a lot of stock around unsold and taking longer to sell some dealers are starting to discount. APE is a very cyclical stock and with interest rates on the way up that does not bode well for car dealers I would not be surprised to see the shares fall below $10
Ann: Market Update for Half Year ending 30 June 2022, page-8
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Last
$10.52 |
Change
-0.020(0.19%) |
Mkt cap ! $2.715B | |||
| Open | High | Low | Value | Volume |
| $10.61 | $10.74 | $10.52 | $7.027M | 664.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 15210 | $10.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.55 | 446 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| APE (ASX) Chart |