ARB -1.58%: 1H22 result for the 4WD accessories business today, reporting a +26.5% jump in revenue with growth across all segments. Profit was also up 27.6% in the first half supporting dividend growth. Cash flow was weak though with the company looking to build inventories to negate supply chain issues. While demand for products remains robust the company is facing a global shortage of new vehicles, labour shortages and issues with getting new stock.
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Performance update for March, stocks that drove returns & our current positioning
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Thursday 18th April – ASX200 +32pts, Resmed (RMD), Transurban (TCL), Santos (STO) & SRG Global (SRG)
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Market Matters Research Lead Shawn Hickman with David Koch
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Thursday 18th April – DOW -45pts, SPI +20pts
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