Originally Posted by minimoke 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.".
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)
surprisingly strong upward pressure continuing CMO14052019.JPG
For clarity, nothing I say is advice....
Just checked their 10 year chart. Incredible.
Originally Posted by percy Just checked their 10 year chart. Incredible. Indeed, as a shareholder of this very boring, illiquid company, cannot complain.
Originally Posted by percy 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
Originally Posted by Beagle MUCH better than some other car company eh No other car companies listed ...a few finance companies though
”When investors are euphoric, they are incapable of recognising euphoria itself “
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.
Originally Posted by Marilyn Munroe 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.
Originally Posted by JMKC 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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