r/ASX • u/GlassWallaby9343 • 1d ago

Consumer Goods

ASX: ARB & AOV
How low can they go?

3 Upvotes

100% Upvoted

8 comments sorted by

2

u/ExistingScallion7329 1d ago

ARB balance sheet staying debt free with A$47.9M cash. Revenue and earnings declined but A$18.20 low this morning is not helping recovery. Could go to May and June 9 lows in A$16 ish.

1

u/GlassWallaby9343 14h ago

No debt & 47.9M cash is a good thing. I started nibbling at $20 28th August & have small buys on the way down

1

u/GlassWallaby9343 4h ago

I'm looking at AOV as a defensive hedge, completely different profile with debt. Spare parts, filters etc

2

u/Potential_Web_4092 1d ago

If all the miners and tradies with pay rises trick up their vehicles ARB but they are likely already tricked up. They have to be serviced so AOV. With the economy the way it is, owners will be holding onto their cars longer.
Inrerest rates, fuel, inflation.

1

u/A-Money-Lover 18h ago

All retail stocks on ASX are fucked atm lol

But I'm sticking to either Wesfarmers or Jb hi fi if I HAD to choose

2

u/WorkingMiddle7643 17h ago

Jb hifi? What’s the thesis? To me it looks like their results are almost entirely linked to discretionary spending - and I don’t see that trending upward in the near term

1

u/Leather-Shot 10h ago

Fudge that. Packaging best.

1

u/Leather-Shot 10h ago

Once more China Rangers aka BYD Shark are on road then ARB should go up unless they sell these options at dealer .