It's incredible.
All these high quality businesses that have been punished over the last 2 years are now showing the power of their operating positions.
Inflation comes down for inputs (Steel, labour etc) and at the same time these companies have managed to control their costs and maintain their market positions and selling prices (and in some cases raised prices). This sets up for incredible earnings growth for these companies, so much leverage in some of the businesses.
I suspect we may see this with a few more companies.
Ann: Appendix 4D and Half Year Financial Report, page-4
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Last
$37.45 |
Change
-0.770(2.01%) |
Mkt cap ! $3.083B | |||
| Open | High | Low | Value | Volume |
| $38.30 | $38.30 | $37.37 | $6.108M | 162.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1163 | $37.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.45 | 1680 | 1 |
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| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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Last
$37.49 |
Change
-0.770 ( 1.90 %) |
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| Open | High | Low | Volume | ||
| $38.16 | $38.16 | $37.38 | 263969 | ||
| Last updated 15.59pm 20/05/2024 ? | |||||
| ARB (ASX) Chart |