Hi Guy's i've also been looking at ARP or ARB Corp, they're in an upward trend however i'm not sure whether they'll push through the 3.60 barrier..
Has anyone else been looking at ARP?
REDWING
GreatPig
27th-August-2004, 01:23 PM
Redwing,
To me, it looks like it's currently forming an ascending triangle. Typically this is a positive sign, but I'd be waiting to see it break out first before considering buying.
But that's just me, and not any sort of recommendation.
Also, the volume seems to be rather erratic, but mostly quite low. It may not be an easy stock to move in any quantity.
Cheers,
GP
Redwing
28th-August-2004, 06:57 PM
Thanks GP..
Your a legend for posting the chartsfor me..
$3.70 is thier high for 12months..However, i think it's a quality stock.
had a look at my Watchlist (wishlist?) after fridays trading and everything was moving upward...is the market in general moving up ? will be interesting..
REDWING
GreatPig
28th-August-2004, 07:05 PM
Redwing,
Well it has broken out up-side now, but on very low volume.
Be interesting to see where it goes.
Cheers,
GP
jkool
14th-January-2007, 10:34 PM
ARB Corp is another great aussie success in my opinion however there does not seem to be much interest in this stock here (ie. considered untradeable?)
ARB produces some fine accessories for 4WD and is rewarding its investors with an excellent return last few years.
On the downside its operating in very volatile automotive market where oil prices and global environmental concerns may lead to severe profit decreases.
So far however ARP seems to be steering strongly through troubled times and once again I have put together a little analysis of its FY2006 results. You can check it out here http://sog.shopinthemall.com/2007/01/14/australia-arb-corporation-limited/ and let me know if you find it usefull.
Cheers
jkool
TheRage
15th-January-2007, 10:21 AM
JKool,
I have been interested in this share for some time but one thing that I have never been able to work out is why ARB share price went from $15 in 2002 right down to $2 in a very short time. Was this a demerger? I have gone back through fundamentals and relative PE doesn't seem to support such a high Share price at $15. What am I missing.
Cheers
Ryan
jkool
16th-January-2007, 06:24 PM
TheRage,
As I normally dont look at charts as much on your suggestion I was gonna look at 2002 more closely to perhaps link an event to the price slide. However I can't really see any such price drop on the graphs at all. This is what Im looking at:
Hope this works I dont have much experience putting up graphs in here.
Cheers
jkool
sog.shopinthemall.com
TheRage
17th-January-2007, 06:54 AM
Thanks Jkool,
It's clear to me that I need to get better price data. I chart using Yahoo and this is where I made my mistake. I had a feeling the chart was wrong but now you confirmed it.
Cheers
Ryan
ubtheboss
11th-November-2010, 08:14 PM
I wonder if those guys who posted back in '04 and '07 held on to their ARP? Not many people have that kind of patience but you'd be lovin it if you did!
ARP has continued to be a great company.
- ROE around 31%
- increasing sales
- increasing revenues
- increasing cash flows for the last 4 years
- a dividend stability of over 92%
- trading at only about x4.6 BV
- has an intrinsic value for 2011 of about $8.20-$8.50 (with 11% margin of safety)
It's been on a great and steady upward trend for months now. Had a little retrace recently but found support.
It does rely on 25% of its revenues from the export market which is now more expensive with the Aussie dollar but that is largely offset by the decrease in import costs of materials.
My 2012 IV is around $9 and 2013 is around $10.50. At $7.08 today that's a great long term value investment :)
