Starting to consider reducing my holding.
A few things are niggling at me:
- How much of the 1Q21 export growth is from the two NZ businesses acquired in 2Q20?
- How much is excessive restocking after the mar-apr collapse and sudden surprise surge in demand?
- What happens to the market multiple when a vaccine is released and the world travel market slowly starts to normalise?
- What happens to the market multiple when growth rates return to long term averages? Or even below long term averages for a few years after the domestic car holiday fad inevitably fades.
- What happens to the market multiple if 10 year gov bond rates rise at some point over say the next 5 years?
- What happens when tradies decide they probably should'nt spend too much more dough on their utes?
The large short-term step up changes in demand, market multiples and exchange tailwinds can easily become gradual step down changes as growth reverts to mean.
I am a bit of a worry wart, but further sustained risk to the upside has to be weighed against the potential for medium term downside risks.
I note the trailing P/E multiple is now higher that CSL's.
![]()
- Forums
- ASX - By Stock
- Ann: Market Update
Starting to consider reducing my holding. A few things are...
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ARB (ASX) to my watchlist
|
|||||
Last
$38.03 |
Change
0.040(0.11%) |
Mkt cap ! $3.131B |
Open | High | Low | Value | Volume |
$37.99 | $38.14 | $37.33 | $11.43M | 301.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 482 | $38.02 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$38.10 | 515 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1373 | 37.970 |
2 | 4170 | 37.940 |
2 | 4766 | 37.920 |
2 | 592 | 37.910 |
1 | 6463 | 37.890 |
Price($) | Vol. | No. |
---|---|---|
38.130 | 592 | 2 |
38.170 | 591 | 2 |
38.260 | 2341 | 1 |
38.300 | 580 | 2 |
38.500 | 7973 | 2 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
ARB (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online