Supply Network (ASX: SNL) Downgraded To Hold On Solid H1 FY 2024 Results
Supply Network (ASX: SNL) produced solid results in line with guidance but the share price has run up considerably.
Supply Network (ASX: SNL)
Supply Network (ASX: SNL) owns the Multispares brand, founded by Harry Forsyth and listed on the ASX in 1989. In 2022, his holding company Hergfor Enterprises Pty Ltd, was still the largest shareholder, with over 30% of the shares on issue. Greg Forsyth and Geoff Stewart have served as its Chairman and Managing Director for many years.
Multispares is a distributor of bus parts and truck parts with over 20 locations across Australia and New Zealand.
Between the half for December 2007 and the half to December 2021, Supply Network (ASX: SNL) grew its half year dividend by 1,100%.
Observations From The 2023 Supply Network (ASX: SNL) AGM
Raymond Jang brings you his in-person impressions from attending the 2023 Supply Network AGM.
A Look At The Maxiparts (ASX: MXI) Acquisition
Maxiparts (ASX: MXI) is on another acquisition hunt, vacuuming two businesses. One seems to be a great business but is it a sound investment?
Upcoming AGMs In November 2023
Here are some of the small-cap Annual General Meetings coming up this month.
Supply Network (ASX: SNL) FY 2023 Results Continue To Impress
Supply Network shares have not reacted to a strong set of FY 2023 results, probably because Supply Network profit is in line with guidance.
Supply Network (ASX: SNL) Versus Maxiparts (ASX: MXI)
Why has Supply Network performed so much better than Maxiparts?
5 ASX Stocks With Positive 2022 AGM Updates
These 5 ASX small-cap companies all disclosed continuing growth in their AGM presentations, providing a good opportunity to check in on the thesis.
Raymond Jang’s 5 Investing Lessons And A Filtering Process To Find Stocks
In Raymond Jang’s last piece for A Rich Life, he reflects on key investing lessons, his filtering process, and the road ahead as an investor.
FY 2022 Supply Network (ASX: SNL) Results Are Strong, But Its Competition Is Improving Too
The Supply Network results (ASX: SNL) were great, in FY 2022, but competitor Maxiparts (ASX: MXI) is ready to pounce.
3 More Fluffy Dog Stocks With Target Buy Prices
When fear reigns it is hard to force yourself to buy growth stocks, but these three have all stood the test of time and showed their quality in good times and bad.
Why This Growing Dividend Stock Is An Under-Followed Gem
The founding family still owns over 30% of the shares of this dividend growth stock, which has grown its half year dividend by 1100% in the last 14 years.
5 Interesting Stocks Directors Have Been Buying Recently
These 5 well established businesses have all seen insiders snapping up shares at close to or above current prices.