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  1. #111
    percy
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    Quote Originally Posted by minimoke View Post
    Shame. Vehicle buyers might need to head to our local friendly second hand dealer for their vehicle.
    I think you are onto it.
    They have been picking up market share,so are "well positioned.".

  2. #112
    always learning ... BlackPeter's Avatar
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    Aug 2007
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    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%.

    The immediate outlook is for revenue to remain high but lower margins and higher costs will constrain trading profitability.
    Just wondering whether this might be in perfect harmony with the cylical picture of the car market TRA recently published?

    TRAsnip..PNG

    All down from here for the next couple of years?
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  3. #113
    Legend peat's Avatar
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    Aug 2004
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    Whanganui, New Zealand.
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    surprisingly strong upward pressure continuing
    CMO14052019.JPG
    For clarity, nothing I say is advice....

  4. #114
    percy
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    Just checked their 10 year chart.
    Incredible.

  5. #115
    Guru
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    Apr 2003
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    Wellington, New Zealand
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    4,876

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    Quote Originally Posted by percy View Post
    Just checked their 10 year chart.
    Incredible.
    Indeed, as a shareholder of this very boring, illiquid company, cannot complain.

  6. #116
    ShareTrader Legend Beagle's Avatar
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    Jul 2010
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    Auckland
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    Quote Originally Posted by percy View Post
    Just checked their 10 year chart.
    Incredible.
    MUCH better than some other car company eh
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  7. #117
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Beagle View Post
    MUCH better than some other car company eh
    No other car companies listed ...a few finance companies though
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  8. #118
    Senior Member Marilyn Munroe's Avatar
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    May 2010
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    Hollywood
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    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
    Diamonds are a girls best friend.

  9. #119
    Member
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    Dec 2007
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    Quote Originally Posted by Marilyn Munroe View Post
    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.

  10. #120
    Legend minimoke's Avatar
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    Christchurch, New Zealand.
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    Quote Originally Posted by JMKC View Post
    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.
    Driving around town I reckon we cant be far away from Peak Ranger

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