Supply will improve slightly in the 2nd half but a similar amount of profit is likely due to increased supply and slightly lower margins(if that happens). OEMS have conservative full year targets due to supply issues and these lower targets will flow on to APE to achieve. You have to remember APE has a huge property portfolio that is also appreciating during the current boom.
There HAS to be a special dividend if they are likely to earn half a Billion dollars in 12 mths. A large competitor purchase would be unlikely as they'd want to settle the AHG purchase and Bris airport development for another 12 months.
The auto industry has never seen such profitable conditions- fact
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Last
$10.45 |
Change
-0.075(0.71%) |
Mkt cap ! $2.703B | |||
| Open | High | Low | Value | Volume |
| $10.53 | $10.64 | $10.36 | $5.466M | 522.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 1740 | $10.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.45 | 2699 | 23 |
View Market Depth
| Last trade - 14.43pm 28/05/2024 (20 minute delay) ? |
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Last
$10.51 |
Change
-0.075 ( 0.41 %) |
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| Open | High | Low | Volume | ||
| $10.56 | $10.64 | $10.36 | 88015 | ||
| Last updated 15.03pm 28/05/2024 ? | |||||
| APE (ASX) Chart |