Ann: Impairment of Moomba Sydney Ethane Pipeline, page-13

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gragou02

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04/07/24

15:32

Post #: 74609890
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Originally posted by madamswer: ↑

If you have a significant market share in Australia then you will only achieve a topline growth inline with population growth if you stick to your original market.
Even companies like Coles & Woolies have moved into different markets to achieve higher growth e.g insurance, white goods etc.

There are very few growth companies in Australia that haven't expanded into different markets either geographically, through different product lines domestically or both.

I own sixty-odd stocks.
My 20 biggest holdings - ARB, AUB, BRG, CAR, CSL, DDR DTL, EZL, FID, LYL, NCK, REA, REH, RMD, SDF, SHL, SNL, TNE, WHC - are in the same businesses today as they were a decade ago.

All highly successful businesses.
Not one of them was at one stage fowl, which then became fish.

As for your example of Coles and WOW, they have not changed their business model by selling insurance, white goods, etc. They are still retailers; i.e., they sell stuff.
All that has happened is that they started selling different stuff, on which they believe they can garner margin. That's just their business. It's what they do that all the time.

They didn't get involved in underwriting insurance or manufacturing white goods themselves, which would have been akin to what APA is doing in terms of doing activity X historically, but then going into activity Y, where X and Y are materially different things.

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I own sixty-odd stocks.

Sometime back you were looking at placing your smaller holdings with a third party. I take it that didn't work out. So, who's walking the dog.

APA Price at posting: $7.89 Sentiment: None Disclosure: Not Held
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Last $6.93		Change 0.020(0.29%)		Mkt cap ! $8.986B

Open	High	Low	Value	Volume
$6.91	$6.96	$6.91	$4.312M	622.3K

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No.	Vol.	Price($)
21	17138	$6.93

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Price($)	Vol.	No.
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No.	Vol.	Price($)
19	20623	6.920
19	15467	6.910
51	103658	6.900
14	49889	6.890
13	36471	6.880

Price($)	Vol.	No.
6.930	2086	6
6.940	22301	24
6.950	16862	22
6.960	38234	18
6.970	44720	12

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Ann: Impairment of Moomba Sydney Ethane Pipeline, page-13

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Ann: Impairment of Moomba Sydney Ethane Pipeline, page-13

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