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ARB - ARB Corporation

Discussion in 'Stocks 0-H' started by Redwing, Aug 27, 2004.

  1. Redwing

    Redwing

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    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
     
  2. GreatPig

    GreatPig Pigs In Space

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    Re: Arp

    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
     

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  3. Redwing

    Redwing

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    Re: Arp

    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
     
  4. GreatPig

    GreatPig Pigs In Space

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    Re: Arp

    Redwing,

    Well it has broken out up-side now, but on very low volume.

    Be interesting to see where it goes.

    Cheers,
    GP
     

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  5. jkool

    jkool

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    Re: ARP - ARB Corporation

    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
     
  6. TheRage

    TheRage

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    Re: ARP - ARB Corporation

    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
     
  7. jkool

    jkool

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    Re: ARP - ARB Corporation

    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
     

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  8. TheRage

    TheRage

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    Re: ARP - ARB Corporation

    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
     
  9. ubtheboss

    ubtheboss

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    Re: ARP - ARB Corporation

    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 :)
     
  10. tigerboi

    tigerboi

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    Re: ARP - ARB Corporation happily flying under the radar

    i like this stock as it doesnt get alot of attention however it is very well run & i know

    that roger montgomery buys into it.

    type of stock you could park a large amount into & make good dollars as it only has about

    70 m shares...tb
     
  11. ROE

    ROE

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    Re: ARP - ARB Corporation

    oh I do know a lot, you cant fault the management of this stock..conservative, look after shareholder with good return and ditch out special dividend every so often when it flood with cash...

    Stock don't get much discussion when things chucking a long nicely like ARB Corp, Dominos Pizza and Flight Centre :)

    many of the stocks I own I never write much about..
     
  12. reeftip

    reeftip

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    Re: ARP - ARB Corporation

    I agree totally. ARB is a top company that takes care of its shareholders.
     
  13. Ves

    Ves Beyond Good and Evil

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    Re: ARP - ARB Corporation

    Always looked pricey to me. Which most solid businesses are I suppose. Any idea what effect the slowing commodity cycle will have on their earnings and growth?
     
  14. ROE

    ROE

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    Re: ARP - ARB Corporation

    not if you bought it during the oil shock in 2006-07 when everyone predicting oil going to $200 a barrel and the end of 4 wheel drive :)
     
  15. Klogg

    Klogg

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    Re: ARP - ARB Corporation

    This one is on my wishlist - much like Ves, I think it's a little expensive... Just waiting for the right price.

    Nice timing ROE :D
     
  16. ROE

    ROE

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    Re: ARP - ARB Corporation

    I agree it's look expensive at the current price so is Domino's etc..

    To get stuff cheap you have to stick to your conviction and willing to go
    against the market and have a long term view.

    all my stocks has 3-5 years time frame to deliver the performance
    after that I can accept defeat if it doesn't deliver not before then...
    Took 2 years before CCP start to perform, CAB took me 2.5 years
    before it start to perform, Telstra 18 months etc...

    CKF lot of bad press lately and I bought it a few months ago, this one will get the same time frame
    3-5 years...

    With the internet and price ticker tick over every second people get itchy when their share price hasn't perform after a week or a month after they bought in ...

    Business don't move that fast, it takes time to restructure, create efficiency and fix things up...

    Sometimes the market price it better than you but with enough research and
    business knowledge you should have a decent chance saying the market is
    wrong on this occasion.
     
  17. Ves

    Ves Beyond Good and Evil

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    Re: ARP - ARB Corporation

    Completely agree. I don't think there has been a great company in history that hasn't gone through some sort of issue. Listed companies especially are prone to over-reaction in price. Time is always on our side. Well said. Watch and wait!
     
  18. tigerboi

    tigerboi

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    Re: ARB hard to fault what the company is doing

    Yes it does look abit pumped but i ask myself this...does it look like going alot lower so

    as to get some fairly cheap??? i dont reckon so.

    i was reminded of ARB everynight going into work as the last turn i would make

    into riverside drive chipping norton from canterbury road has an ARB on the corner.

    like i said its a sneaky where no one talks about,tightly held & keeps performing well.TB
     
  19. VSntchr

    VSntchr

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    Re: ARP - ARB Corporation

    • Mining Industry
    – ARB has benefitted from the strong growth in the mining
    industry, especially in Australia, over the past 5 years. Recent
    expenditure cutbacks across the industry have certainly
    reduced demand for our products from this important customer segment.


    Question is, how much worse is it going to get in this sector - the mining service companies are reflecting alot more pain than ARB - which has continued to perform well.

    The big question is how much exposure does ARB have to this sector as a % of revenue?...

    Other than that, it appears to be humming along nicely...
     
  20. DJG

    DJG

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    Re: ARP - ARB Corporation

    What's everyone think of this one?
    It's delayed EOD data but currently ARB is sitting on 0% change going by ASX. - It was down around -.30% about 30 minutes ago when I checked.
    Last two volume bars still appear to have some growing sell off

    click to expand
    ARP-26-6-13.JPG
     
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