ARB - ARB Corporation

[Serley]

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

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I have followed them for many years and they have just kept performing despite threats over the years such as "high fuel prices will kill the 4WD market", exchange rate threats, high steel prices etc. VSntchr is right that their key market is the commercial market, particularly mining, rather than traditional 4WD and so the downturn is relevant but history says they will ride it through.
They are run by the two brothers who founded the company and they are down to earth managers who really know and love their business - just the sort of people I want to be looking after my money. The balance sheet is very healthy with no debt and over $30m in cash - I wonder what they are going to do with that but it won't be anything silly.
While their longer term price graph is very healthy, for some reason they fluctuate more than usual in the short term, presenting good buying opportunities but they can shoot up quickly and so easy to miss out.
PE is high at around 20 but the stock has earned that rating.

 

[finicky]

Re: ARP - ARB Corporation

Couldn't agree more - I'd love to see the commentators saying ARB's best days are behind it or that the wind will be against it for years. Only way I'd ever get some. Quality proven over many years.
Skaffold's valuations are not reliable but I still take notice of their past ratings and ARB has been an 'A' quality stock for 9 of the past 10 years.

If interested, and here is where Skaffold gets dodgy - looking into the future using stale and anonymous analysts' inputs:

Valuations using analyst consensus eps for

FY's 13, 14, 15

$9.68, 10.90, 12.16

Number of analysts

8, 8, 7

Pretty tight consensus with not much range in estimates especially for FY13 and 14

Trading at a FY15 P/E of 16.3

 

[System]

On April 9th, 2015, ARB Corporation Limited changed its ASX code from ARP to ARB.

 

[ukulele]

Interesting no one is talking about ARB.

If you held a year ago you'd be well up including the special dividend of $1.00. More recent technical action has seen it break out of a range from just under 13.00 to around 12.10. A bullish candle on the 11th of May and then boom a couple of days later. Looking for a bit of a pullback into the 10 to 20 MA zone in the near term.

Any other thoughts?

 

[notting]

Any other thoughts?

Guess were all dyslexic city slickers.

ARP What are they trying to do to me!

It makes more sense now. Not every one was able to attend Howard Coleman's bar mitzvah.

I'd like to know the net worth or Nick Radge Vs Howard. Ultimate Techi vs Extremist (that's supposed to be humor for Fundamentalist.)

ARB? Well, keep on keeping on, I guess. Did well to keep going when Ausi car manufacturing died. Tss got legs! (let's not worry about self driving Google cars for a decade or two not so many nudge bars needed.)

 

[tinhat]

The recent spike in the price is no doubt due to the budget. They should do well from the small business write-off.

 

[greggles]

It's been on a great and steady upward trend for months now.

Seven and a half years later and ARB is still roaring along, and hitting new all-time highs today. A fantastic buy and hold stock for the long term.

Did anyone get into this back in 2008 and ride it all the way to $21?

 

[kid hustlr]

Another strong day - up 6%

Edit in hindsight it was there to be taken - for those who can get past the fact it was $3 10 years ago. Be interesting to see if it sells of tomorrow in a similar way to previous spikes up.

 

[peter2]

Great daily chart for a BO trader. Was very tempted yesterday, but the daily volume is a bit thin.
Too late for me now.

 

[Darc Knight]

ARB Corporation Limited (ARB) designs, manufactures, distributes and sells four-wheel drive vehicle accessories and light metal engineering works with manufacturing plants in Victoria, Australia and Rayong, Thailand. ARB has a warehouse and sales centre located in Australia, Thailand and USA, as well as distributers in over 100 countries worldwide.
Almost at a 52 week low of $15.38 so possibly a chance of rebound?
PE Ratio - 23.8
EPS ($) -. 0.643
Earnings Yield -. 4.20%
NTA ($) - 3.50
Dividend Yield - 2.42%
DPS ($) - 0.37
Gross Div. Yield - 3.45%
Gross DPS ($) - 0.5285
https://www.marketindex.com.au/asx/arb

4WD enthusiasm doesn't seem to be abating here in Aus.

 

[galumay]

I looked again when they fell below $16 - I have had them on my "invincibles" list, expensive, super businesses you look to buy in a market crash. In the end I felt there were some real structural problems with the business and I was not convinced they were fair value let alone cheap at $16

 

[Darc Knight]

ARB dropped by over 2% yesterday while the Index dropped by only .1%. It's ASX ranking went from 202 to 205 as well.

 

[barney]

ARB dropped by over 2% yesterday while the Index dropped by only .1%. It's ASX ranking went from 202 to 205 as well.

Certainly been belted up over the last few months ….. Chart is not pretty …. The long term Lows in the low $14 area might get tested. Below that would start to get a bit ugly.

 

[citac]

ARB have fantastic products but as of the last 24months competitors in 4wd accessories have used China to it's full force against this company.

4wd supa centre even sells canopies now.

Hope this company can fight back in the online space.

 

[barney]

The long term Lows in the low $14 area might get tested. Below that would start to get a bit ugly.

$14.55 got tested but it looks to be Technically stronger now …. not the kind of Stock I follow but Holders should feel a bit more comfortable than a month ago

 

[Faramir]

I did not declare last Nov 2018, I purchased 179 shares at $16.92. Yes I did pay a bit too much. I could have waited roughly 2-3 months and got them under $15. I have been wanting ARB for many years.

Annual Report - it's shorter and simpler to read compared to other AR.
https://www.asx.com.au/asxpdf/20190820/pdf/447mlmjwt5xzb2.pdf
Profit can be read as $57.1 up 12.1% OR up 5.8% (add back underprovisions of taxes I prior years).

It's supposed to be all doom and gloom with anything relating to vehicles. Somehow things are OK from my point of view: am I wrong??

A letter for shareholders:
https://www.asx.com.au/asxpdf/20190820/pdf/447mrj97381x4p.pdf

Yes, things are tough but management will focus on the long term.

 

[galumay]

No question its been a great business Faramir, I have long looked at it but never found it at a price where I felt there was any margin of safety and so have never bought. Its possibly one of those businesses that I never get a chance to buy under my metrics for investment, but its worth breaking the rules for. I did so with TNE and REH and both have been good investments to date.

 

[Trav.]

Tipping comp pick...

ARB has been trending up since 2009 and has previously reached $23.94 (21/06/2018)

It has recently dipped and looks to be recovering again to continue its upward run. Will it be enough to win the comp ?? probably not but a positive tip will be nice.

 

[Trav.]

Nice start to my day, announcement out for ARB and hopefully will give the SP a kick.

Holding

https://www.asx.com.au/asxpdf/20191101/pdf/44b5w523rms1q5.pdf

 

[barney]

Nice start to my day, announcement out for ARB and hopefully will give the SP a kick.

Been a nice steady rise last couple of weeks.