ARB

1.47%

$40.15 arb corporation limited.

Share Price Soaring, page-5

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22/06/18

11:22

Post #: 33879870
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Originally posted by neoteric ↑

For the fun of it, I'll take a guess as to what might be driving the buying.

At first it seemed ARB might be one of the stocks perceived to benefit from the impact of a lower AUD, with its export sales growing faster than OEM and Australian aftermarket.

However the recent escalations in trade sanctions involving the US has me wondering if this is the perceived tailwind to ARB earnings. The argument might be that local US manufacturers having to pay more for raw materials (steel and aluminium) are at a comparative cost disadvantage to manufacturers outside the US. For those not in the US, they may reap the benefit of more supply of steel and aluminium in their region leading to lower prices. For example more Canadian or Mexican steel might end up in Asia!

However, while I note that there are 4WD accessories such as "bumpers" manufactured in Texas and Oaklohoma, it appears that big players in the market source products outside of the US, certainly Polaris owned Transamerica Auto Parts (TAP) makes no claims to be American made. So probably there is no great tailwind for ARB, who can say.

Of more concern with the share price rattling up so much is how to rebalance the portfolio allocation without having to pay too much tax. The type of problem that's welcome!

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Your guess is as good as any.

Of more concern with the share price rattling up so much is how to rebalance the portfolio allocation without having to pay too much tax. The type of problem that's welcome!

Expand

Why would you sell down a "star" in your portfolio? By saying this, you are implying that you buy more of a stock that has been constantly going down.

Sure, if ARB was a speculative stock or had dire warning signs you might sell down, but ARB is clearly a well managed, financially sound company which is still growing. As hard as I look, I can't find any reason to sell any of my ARB shares

Rebalancing or diversification is not always the right answer.

ARB Price at posting: $23.49 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $40.15		Change 0.580(1.47%)		Mkt cap ! $3.305B

Open	High	Low	Value	Volume
$40.08	$40.45	$39.91	$3.148M	78.46K

Buyers (Bids)

No.	Vol.	Price($)
4	751	$40.09

Sellers (Offers)

Price($)	Vol.	No.
$40.28	247	1

View Market Depth

No.	Vol.	Price($)
4	751	40.090
1	448	40.070
2	874	40.060
2	247	40.030
2	747	39.990

Price($)	Vol.	No.
40.280	247	1
40.310	382	3
40.340	247	1
40.380	247	1
40.500	155	1

Last trade - 16.10pm 29/07/2024 (20 minute delay)

ARB (ASX) Chart

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