ARB arb corporation limited.

Ann: Half Yearly Report and Accounts, page-6

  1. 4,362 Posts.
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    Ok, I'll take my devils-advocate hat off for a moment. I actually think 8% growth in underlying earnings, under conditions that are probably less than buoyant, is commendable. For earnings to grow at a a greater rate than revenues, when less profitable exports are increasing, is pleasing to me.

    An 8% earnings growth in a business that has a dividend payout of about 53%, corresponds with a return on year-start equity of about 17%, which corresponds with a return of average annual equity over 15%. Which seems about right to me. I think a 15% ROE, in what I suspect are cyclically low conditions, is good.

    I would pay a lot for a business that holds the promise of generating 8% earnings growth for a long time to come (now I am not necessarily saying ARB is guaranteeing that).
 
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Last
$34.54
Change
1.370(4.13%)
Mkt cap ! $2.758B
Open High Low Value Volume
$33.99 $34.69 $33.82 $604.5K 17.64K

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No. Vol. Price($)
5 119 $34.44
 

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Price($) Vol. No.
$34.54 61 3
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