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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Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
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Performance for February & 4 stocks we like here and now
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Thursday 28th March – DOW up +477pts, SPI up +60pts
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MM likes APE below $12.
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