Banter and general comments, page-23227

It was interesting to see AP Eagers (one of the largest car dealer groups in Australia) results released last Friday.

They reported strong demand and sales order pipeline in 2023- another positive sign for raw material demand that miners will benefit from. AP Eagers also announced payment of a 49c dividend. No wonder Nick Politis has been buying agressively on market in recent times. See extract from annual report attached.



It is important to consider with the macro situation, that although government stimulus has tapered off and rates are rising, Australian investors have received record dividends of 170bn over the past two years (According to FinReview Approx 70bn in 2021 and 100bn in 2022) -and if you want to look at global figures a record 1.47 trillion was paid out in 2021. These significant flows into the financial system, in addition to the billions in mandatory superannuation contributions that roll into investment markets each month, will be looking for a high yield home. Although many may be struggling with higher rates and cost of living pressures, there is still plenty of cash out there. Many of those unaffected will see the current state of affairs as an opportunity position themselves for the future.

DYOR IMO.