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#11
NZX / Re: ARB - Arborgen - ex Fletc...
Last post by Crackity - Jul 16, 2026, 09:01 AM
Quote from: Left Field on Jul 16, 2026, 08:27 AMDoes any one hold ?

I bought some this week
#12
NZX / Re: ARB - Arborgen - ex Fletc...
Last post by Left Field - Jul 16, 2026, 08:27 AM
Quote from: Crackity on Jul 15, 2026, 09:03 PMNo thread for this disaster eh


Does any one hold ?
#13
NZX / Re: ARB - Arborgen - ex Fletc...
Last post by winner (n) - Jul 16, 2026, 07:49 AM
Always think David Darling when Arbogen pops up ...his baby before he went to PEB
#14
NZX / ARB - Arborgen - ex Fletchers...
Last post by Crackity - Jul 15, 2026, 09:03 PM
No thread for this disaster eh

Sold their US building yesterday

10 and a smidge mill USD to pay down debt.

Cash flow has looked good for the last 2 years.

Why are they listed in NZ?



#15
NZX / Re: 2CC - 2 Cheap Cars Group
Last post by lorraina - Jul 15, 2026, 07:05 PM
Quote from: lorraina on Jul 15, 2026, 06:56 PMfROM THE LATEST ANNUAL REPORT;
FY27
PRIORITIES
The Group enters FY27 with strong early trading
momentum and a continued focus on disciplined
execution, operational efficiency, direct-to-consumer
marketing, and balance sheet strength.
Looking ahead, 2 Cheap Cars is well positioned to benefit from
FY26 investments. The Sylvia Park branch will provide a full-year
contribution in FY27.
We are also strengthening our operating platform, with an increased
focus on Christchurch, including the establishment of dedicated
refurbishment capacity and additional operational leadership in
the region. In Auckland, we are rebalancing internal and external
compliance and refurbishment activity through the hub to improve
efficiency, control, and speed to market.
Further opportunities exist through digital capability, increased
own-channel lead generation, continued finance and insurance
contributions, and disciplined inventory management. The company
is also exploring further network opportunities to support future
volume growth and customer reach.
#16
NZX / Re: 2CC - 2 Cheap Cars Group
Last post by Basil - Jul 15, 2026, 07:00 PM
As you suggest lorriana, the independent report will make for interesting reading.  I think shareholders should hold out for an increased price.
#17
NZX / Re: 2CC - 2 Cheap Cars Group
Last post by lorraina - Jul 15, 2026, 06:56 PM
fROM THE LATEST ANNUAL REPORT;
FY27
PRIORITIES
The Group enters FY27 with strong early trading
momentum and a continued focus on disciplined
execution, operational efficiency, direct-to-consumer
marketing, and balance sheet strength.
Looking ahead, 2 Cheap Cars is well positioned to benefit from
FY26 investments. The Sylvia Park branch will provide a full-year
contribution in FY27.
We are also strengthening our operating platform, with an increased
focus on Christchurch, including the establishment of dedicated
refurbishment capacity and additional operational leadership in
the region. In Auckland, we are rebalancing internal and external
compliance and refurbishment activity through the hub to improve
efficiency, control, and speed to market.
Further opportunities exist through digital capability, increased
own-channel lead generation, continued finance and insurance
contributions, and disciplined inventory management. The company
is also exploring further network opportunities to support future
volume growth and customer reach.

Perhaps the $0.06mil  NPAT per month will be exceeded.? NB $0.06 per month is $7.2 mil for the year.
Full year NPAT of $6mil would be EPS of 13 cps..PE of 8 would give a share price of $1.04
Full year NPAT of $7.5mil would be EPS of 16.5..PE of 8 would give a share price of $1.32
Then we must ask ourselves whether a PE of 8 is sensible.10 is a nicer number.?...lol
#18
NZX / Re: 2CC - 2 Cheap Cars Group
Last post by Basil - Jul 15, 2026, 06:14 PM
Fair enough and good for you.  What I said probably came across the wrong way.  What I really meant to say to Percy and Winner is its not silly to enjoy some of your money too.   

The interesting question is will 80 cents be enough ?  With them making $2m in the second half of FY26 and $600K a month net profit after tax since March with the more reasonable carbon regime and Sylvia park cranking along is somewhere around $6m on the cards ?.  While its probably unreasonable for a straight extrapolation of recent months trading $600K x 12 = $7.2m NPAT...suppose we figure on $4.5m being a very conservative new baseline, that's 10 cps.

So David Sena only wants to pay a PE of 8 on baseline current years earnings to takeover the company.  Consider also there's saving in listing and compliance fees with privatization, its seems insufficient. especially if recent trading continues.

A fair baseline in my opinion would be 10 times current year baseline earnings based on $4.5m or 10 cents per share.  $1 might get this over the line.  Not sure about 80 cents.  I reckon that's a very cheeky lowball offer.
#19
NZX / Re: 2CC - 2 Cheap Cars Group
Last post by Left Field - Jul 15, 2026, 05:17 PM
Quote from: Basil on Jul 15, 2026, 01:50 PM......mine and Lorriana's kids and grandkids as well as many other posters on here with their kids will probably inherit far more than they really deserve. 

I don't think you can presume to speak for other posters in this respect.

Giving kids & grandkids a head start in life is the sole motivation for much  investing.  Just saying.
#20
Investing / Re: Managed funds
Last post by Shareguy - Jul 15, 2026, 04:39 PM
Quote from: Basil on Jul 14, 2026, 09:51 PMI'm also feeling now is not the right time to apply fresh capital with global growth funds. Plenty of froth in some of the tech stocks and a S&P500 ETF has a lot of exposure to it.  Even a global fund like Simplicity's one has a high allocation to it based on its market capitalization.

Very disappointing to see the Middle East back into complete turmoil again.

I have been feeling that way all year and still it keeps going up. Will be interesting to see how quickly fuel gos up.
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