I think you are onto it.
They have been picking up market share,so are "well positioned.".
Printable View
I see they submitted their HY results already 4 weeks ago. Not worthwhile discussing?
https://www.nzx.com/announcements/330839
Revenue up 4%, but earnings down 9.3%.
Just wondering whether this might be in perfect harmony with the cylical picture of the car market TRA recently published?Quote:
The immediate outlook is for revenue to remain high but lower margins and higher costs will constrain trading profitability.
Attachment 10412
All down from here for the next couple of years?
surprisingly strong upward pressure continuing
Attachment 10540
Just checked their 10 year chart.
Incredible.
CMO is very much the pilot fish dependent on the shark Ford to deliver its sustenance.
What if Ford were to join its US competitor General Motors and say "Nah can't be bothered" producing cars for the Australian and New Zealand market?
Boop boop de do
Marilyn
Best selling car in NZ: Ford Ranger
GM: have recently said they’ll start selling RHD Camaros in NZ.
Neither are pulling out of NZ. besides, a huge percentage of CMO’s value lies in their property assets.
Finally, the last thing the Gibbons family (who own 60% of CMO off the top of my head) did was buy stock.