Motor vehicle business APE has been the star performer in the sector more than doubling over the last 6-months helped by its recent guidance beat where its now anticipating a ~$200m profit before tax. The company has enjoyed the rebound in vehicle sales which looks well positioned to continue as lease costs remain extremely low.
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
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MM likes APE below $12.
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Performance update for March, stocks that drove returns & our current positioning
Recorded Tuesday 9th April
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
Recorded Monday 25th March
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