I don't think ARB is heavily involved in selling directly to mining companies or contractors or has significant contracts. Where the mining slow down does affect ARB is money taken out of the local mining economy - job losses, contractors jobs not renewed, wages reductions. As stated in the the Chairman's address, the growth in QLD, SA & WA was subdued due to the mining slowdown.
But one of the advantages of ARB is that they don't have all their eggs in one basket. Mining might be down, but they are not reliant on it. There are farmers (beef, sheet, wheat, cane, etc), retirees, recreational off roaders, etc, etc that all buy their product.
I think the Chairman's address was pretty detailed. Their R&D and product pipeline is strong with new and innovative products coming on to the market. With the growing of export sales and strong Australian sales the future looks pretty good. Their half year update will be interesting.
- Forums
- ASX - By Stock
- Should I sell ARB?
I don't think ARB is heavily involved in selling directly to...
-
- There are more pages in this discussion • 1 more message 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
(20min delay)
|
|||||
Last
$47.85 |
Change
0.350(0.74%) |
Mkt cap ! $3.939B |
Open | High | Low | Value | Volume |
$47.33 | $48.03 | $47.11 | $5.568M | 116.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 506 | $47.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$47.99 | 235 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 506 | 47.730 |
1 | 506 | 47.670 |
1 | 1315 | 47.660 |
1 | 11 | 47.650 |
1 | 296 | 47.640 |
Price($) | Vol. | No. |
---|---|---|
47.990 | 235 | 1 |
48.090 | 506 | 1 |
48.100 | 1120 | 3 |
48.140 | 506 | 1 |
48.170 | 453 | 2 |
Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
Featured News
ARB (ASX) Chart |
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online