PEDAL TO THE METAL
Written on the 1 February 2011
AP Eagers Group (APE) managing director Martin Ward, considers himself a ‘custodian of an icon’ and one that has sold cars in Queensland for almost a century. Since joining in 2005 he’s driven the company interstate, organised a share buy-back scheme when the rest of the market was capital raising and acquired a few handy businesses too. He tells Brisbane Business News how the company’s size could triple within 10 years.
WITH a ‘grossly undervalued’ share price in early-2009, you don’t need to be a mathematician to understand why AP Eagers started buying back shares.
The car(s) he drives:
It changes almost every month literally and the first thing I’ll add is that if I go to see any of these manufacturers I go in their vehicle. That may sound like an absolutely tiny thing, but you will not believe the number of private owners who don’t do that. For instance you might see a Mitsubishi owner who pulls up to a Mitsubishi meeting in their Mercedes. The number of manufacturers who get annoyed by that is enormous.
Unwinding with the family:
Brisbane and becoming Australian:
Expansion this year: