Automotive Holdings Group Limited
ASX:AHG ISIN:AU000000AHG5
Automotive Holdings Group Limited (AHG) is a diversified automotive retailing and logistics group with operations in Australian and New Zealand. AHG operates in two segments: Automotive Retail and Logistics. Automotive Retail operates from 106 franchise sites representing 27 manufacturers, and Logistics comprise AHG’s automotive parts warehousing and distribution business, refrigerated transport, cold storage and distribution, vehicle storage, and engineering and motorcycle distribution. On June 2, 2008, AHG acquired the Liverpool Nissan, a New South Wales’ Nissan sales and service dealership from WSA (Liverpool) Pty Ltd. On June 1, 2008, AHG acquired Allpike Peugeot and Citroen, a Western Australian Peugeot and Citroen sales and service dealership.
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Michael Gable Managing Director and founder of Fairmont Equities brings the latest stock tips for July 18, 2016. Featured stocks include Monadelphous Group, Western Areas, Automotive Holdings Group and Blackmores.
Michael Gable Managing Director and founder of Fairmont Equities brings the latest stock tips for July 11, 2016. Featured stocks include Bellamy's Australia, Origin Energy, ResMed Inc, Automotive Holdings and James Hardie Industries.
Yesterday, the Australian stocks closed slightly lower dragged by the major miners. The benchmark S&P/ASX200 index fell 0.2%, or 7.7 points, at 3769 points, while the All Ordinaries index was also down 0.2%, or 5.8 points, at 3722.3.
Last Friday Australian shares ended higher, capping a winning week after reports that the US government was working on a program to help troubled US home owners. The benchmark S&P/ASX200 rose 44.8 points, or 1.27 per cent, at 3,559.1, while the broader All Ordinaries gained 38.2 points, or 1.1 per cent to 3,496.7. The Obama administration's seeking to lower expectations of a quick fix to the financial crisis and the coming earnings reports may send the market to a negative territory.
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