Another steady as she goes kind of result from ARB. Nothing to get excited about.
I do note the following:
- An increase of 5 stores from this time last year, from 56 to 61. This is the biggest annual increase in the number of stores in the past 10 years.
- A new Victorian warehouse is going to be operational in this financial year, FY2018
- Factories in both Thailand and Australia are running at full capacity throughout the year
- Export grew strongly in FY17, hopefully this continues in FY18
- OEM is also expected to continue to grow in FY18
- New store design in Australia
- Strong operating cashflow, replenishing the cash balance, which now sits at $27.6m
On to the negatives:
- The current trend of decreasing profitability margins continues
- The current trend of decreasing ROE, ROIC also continues
- Stock turnover ratio also continues to go down
---
With franking credit balance currently sitting at around $32m, ARB should be in the position to declare another special dividend of at least $1.00 fully franked in FY2020. If this happens, the dividend will probably be paid sometime in December 2019, which is just over 2 years away.
Although I don't agree with the reasons/logic behind these special dividends, but since I can't change anything anyway, then I might as well be grateful and enjoy it if it does ever come again.
The previous one in FY2015, which I opted for DRP, is still in the money. I will probably do the same again next time since the DRP is usually offered at a discount to the prevailing share price at the time.
In the mean time, the ARB file will be closed for another 6 months.
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- Ann: Appendix 4E, Annual Report and Financial Statements
ARB
arb corporation limited.
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Last
$33.15 |
Change
-0.070(0.21%) |
Mkt cap ! $2.756B |
Open | High | Low | Value | Volume |
$33.60 | $33.81 | $33.06 | $4.575M | 137.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 216 | $32.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$33.21 | 216 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 216 | 32.960 |
1 | 30 | 32.500 |
1 | 1 | 32.210 |
1 | 16 | 32.200 |
1 | 1 | 31.930 |
Price($) | Vol. | No. |
---|---|---|
33.210 | 216 | 2 |
33.610 | 329 | 1 |
33.800 | 250 | 1 |
34.000 | 2391 | 2 |
34.440 | 150 | 1 |
Last trade - 16.10pm 02/07/2025 (20 minute delay) ? |
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