Australia's largest stock trading and investment forum Australia's #1 stock forum

ARB

Click for more information

1.21%

$42.61 arb corporation limited.

Ann: Market Update, page-20

First 20 Last

Share
Profile

Follow
vic_wattle

3,510 Posts.

99

16/10/20

23:55

Post #: 48164861
Share

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.

View attachment 2554880

Expand

ARB Price at posting: $32.09 Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

BNZ

BENZ Mining jumps +17% as it snatches up WA gold projects from Spartan Res

SI6

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

FCG

Freedom Care Group reveals NDIS wants to ban it providing program services

First 20 Last

Add ARB (ASX) to my watchlist

(20min delay)
Last $42.61		Change 0.510(1.21%)		Mkt cap ! $3.524B

Open	High	Low	Value	Volume
$42.38	$42.78	$42.35	$1.113M	26.14K

Buyers (Bids)

No.	Vol.	Price($)
4	41	$42.59

Sellers (Offers)

Price($)	Vol.	No.
$42.62	130	5

View Market Depth

No.	Vol.	Price($)
4	70	42.680
3	45	42.670
3	100	42.650
1	66	42.640
2	90	42.630

Price($)	Vol.	No.
42.700	23	4
42.720	84	3
42.730	99	4
42.740	25	1
42.750	142	4

Last trade - 13.36pm 06/11/2024 (20 minute delay)

ARB (ASX) Chart