I've made moves to top up @PhilO . I put a sell order on an etf to free up some funds. It's a 4-5 day process to sell the etf in one broker and transfer across to my broker of choice for individual stocks, so I have some thinking time (it's only 2026 and internet banking is in it's infancy apparently). I also hold an irl 4.5% position in ARB after the recent fall, so if it bounces back before I get a chance to top up I won't be horribly dissapointed.

My thoughts are spread out in a few other posts and haven't changed much, but briefly: I don't think anything has changed structurally or for the long term. In fact I think they've been beavering away whilst in the post covid slump re-vamping physical stores, opening an online store, shoring up relationships with key OEMs and executing well with a USA aquisition/expansion plan. If they can manage to keep doing what they're doing, and the short term headwinds abate I'm guessing earnings growth comes back maybe with a little P/E expansion as their quality premium returns (I'm thinking over a multi-year period).

‐-------- OR -------

Im trying to catch a falling knife, averaging down to preserve my ego and seeing a bargin because Ive price anchored on previous highs.

Time will tell.