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Last edited by Beagle; 23-08-2018 at 08:58 PM.
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
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 Originally Posted by Beagle
Very strong and solid performance...like a Kenworth truck really 
Ford and Mazda are well respected brands. Trailing PE is 10.56 for a company with a 100 year history growing after tax EPS at ~ 12%.
Dividend yield (50 / 800) / 0.72 = 8.7% gross. Very good hold.
Agree with all of this, but don't lose sight of the fact that the auto industry has historically been a cyclical one and we shareholders have had several good years in a row.
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Originally Posted by traineeinvestor
Agree with all of this, but don't lose sight of the fact that the auto industry has historically been a cyclical one and we shareholders have had several good years in a row.
Fair comment but I think the PE already accounts for that. That said I think they're a little more vulnerable to business confidence tanking even further than say Turners who are selling based on needs to people many of whom have had a big jump in their disposable income due to the recently enacted families package.
Turners on a forward PE of 9.75 by my calculations. To be honest I am a little surprised that new vehicle and truck sales have remained this strong with business confidence allegedly at a 10 year low ? Anyone got any thoughts they'd care to share on that ?
Sister in law recently bought a Mazda CX5 Ltd. I am amazed at the kit in that car like heads-up display, adaptive cruise, Bose stereo...the list goes on and on and on. Ride, handling and build quality are all very impressive. Not surprised at all that these are the top selling SUV in the volume mid sized SUV segment. Maybe its this sort of technology, (stuff that was previously the preserve of high end European cars costing three times the price) that is fueling ongoing robust demand ?
Last edited by Beagle; 24-08-2018 at 09:59 AM.
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
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[QUOTEAnyone got any thoughts they'd care to share on that ?
][/QUOTE]
Probably due to the lag effect - results to 30 June versus more recent loss of confidence?
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Originally Posted by macduffy
[QUOTEAnyone got any thoughts they'd care to share on that ?
]
Probably due to the lag effect - results to 30 June versus more recent loss of confidence?
[/QUOTE]
Good point, orders for trucks in particular delivered in 2H were probably placed in 1H before Jascinda and her team of "experts" started working their "magic".
I am a little cautious going forward and think that there is real substance behind the decade low business confidence survey's. (i.e. they are not just a protest vote)
Last edited by Beagle; 24-08-2018 at 11:14 AM.
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
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Originally Posted by Beagle
To be honest I am a little surprised that new vehicle and truck sales have remained this strong with business confidence allegedly at a 10 year low ? Anyone got any thoughts they'd care to share on that ?
Business confidence surveys are not worth much and are easily affected by rich people's political biases. Follow the money not the noise.
Also you have done this a lot, please learn to spell the PM's name properly. That is not much to ask and a good start to civil debate.
Agree, Mazda make nice cars that are popular with female buyers. Ford though seems to be in trouble in the US.
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only one seller at 1400 today!
For clarity, nothing I say is advice....
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Originally Posted by peat
only one seller at 1400 today!
Refreshing to see that one seller knows fair value 
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
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https://www.driven.co.nz/news/news/r...registrations/
As usual Colonial Motors has 2 of the top 3 selling marques. Trades cum a 35 cent fully imputed dividend and on a forward PE of just 10...and some people reckon its hard to find value anymore on the NZX...
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
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Originally Posted by Beagle
And the only offer showing at the moment is at $10.00.
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