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1.14%

$38.20 arb corporation limited.

Reduced 2.3% to 1.7% of portfolio (includes super)

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vic_wattle

3,481 Posts.

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15/10/20

10:08

Post #: 48108197
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Originally posted by vic_wattle ↑

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.

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Reduced 2.3% to 1.7% of portfolio (includes super)

ARB Price at posting: $32.62 Sentiment: None Disclosure: Held
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(20min delay)
Last $38.20		Change -0.440(1.14%)		Mkt cap ! $3.147B

Open	High	Low	Value	Volume
$38.35	$38.72	$38.20	$410.4K	10.67K

Buyers (Bids)

No.	Vol.	Price($)
1	15	$38.16

Sellers (Offers)

Price($)	Vol.	No.
$38.23	114	6

View Market Depth

No.	Vol.	Price($)
5	56	38.390
2	18	38.380
1	25	38.370
3	109	38.350
2	37	38.340

Price($)	Vol.	No.
38.430	45	7
38.440	124	2
38.450	25	1
38.460	116	3
38.470	53	2

Last trade - 10.47am 19/06/2024 (20 minute delay)

ARB (ASX) Chart

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