Caffyns Share Discussion Threads

[manrobert] 11/6/2014 12:42

I think there must be another buy which hasn't shown up yet.

[spooky] 10/6/2014 09:46

I see that the FD has bought some shares following the purchases by the CEO last week.

[kmann] 04/6/2014 19:11

Someone else agrees this is undervalued, director buy AFTER results.

Caffyns know the current state of the market and their clientel.

Remember new pension reforms are going to free up money for large ticket items like cars.

I assume their geographic location is teaming with new retirees gagging to spend spend spend:-)

[kmann] 02/6/2014 08:27

Jaf, agree, 750p would still be cheap compared to others in the sector. Sometimes you get these undiscovered gems. At least Paul Scott gave it some coverage. IC, shares mag etc not always on the ball.

This just summarises the results but points to a still positive outlook.


Remeber car sales still below peak levels, tax and fuel savings from new cars mean you can save by buying new, as well as all the other benifits.

I see demand continuing as the economy strengthens. Still a buy imo.

[jaf111] 31/5/2014 16:44

Repeating what I said on 6 April, which was a repeat from 7 March!!!

"very very cheap....minimum 75p eps expected (results due end May) putting CFYN on PE of 7.5.....amazing value!"

So underlying earnings just reached my target and the price did move up nicely on Friday BUT the share price is still ridiculously cheap compared to other car dealers.

The freehold / property surplus is a nice added bonus although there are negative points (family control / illiquid market).

Overall with the car market remaining positive IMO CFYN should be trading at between 750p to 900p. Fingers crossed!!!

[kmann] 30/5/2014 14:06

That Paul Scott - good positive summary from him, and he's an accountant, he likes the property angle too. Usually gives a trust worthy opinion.

I remember vtu plodding along at 40p for ages, then took off to 65p.

[aishah] 30/5/2014 12:12

Small cap report review (Author is Long CFYN):

[kmann] 30/5/2014 10:00

Morti, vtu has been trading on a high p/e. Cfyn was trading at a discount before the results, so today's results make this look even better value IMO.

If the Sunday papers update on this we could see further uplift.

[mortimer7] 30/5/2014 09:05

Congratulations to all holders of CFYN on todays uplift in the share price after todays excellent results.
I have to admit to being slightly envious, as I'm a holder of both CAMB and VTU whose early May results were similarly impressive but barely registered a blip in terms of share price.
Maybe the property surplus underpinning the BS is the key.

[prop_joe] 30/5/2014 08:05

Very strong results and it appears set for further improvement in the coming year.
Although they have quite a bit of borrowings and a significant pension deficit, once the unrecognised property revaluation surplus is taken into account I think the balance sheet is actually strong and with a net asset value well above the share price.
I decided to top up my holding at the opening.

[kmann] 30/5/2014 07:51

I think I can sum thiis up in one word - WOW!

Underlying profit before tax up 78%
Underlying earnings per share increased by 102% to 75.5p (2013: 37.3p)
Recommended dividend per ordinary share for year increased by 50% to 18.0p (2013:12.0p)

And car sales still below peaklevels! More to come I think!

[beazer2] 30/5/2014 07:26

Great results.NAV at almost £9 including £6m property revaluation.

[manrobert] 27/5/2014 08:34

results due on Friday.

[kmann] 21/5/2014 16:42

Retail figures up to record highs. ALL car retailers doing the business too.

Surprised these havnt been picked up and tipped by the tip sheets and sunday financials.

50% upside here imo. Just takes one tip on a bit more good news.

[manrobert] 14/5/2014 12:02

well done beazer,i also hold lookers,and bt after a director bt 110.000 at 147 and 149.caffyns look undervalued and maybe they will attract attention from vertu motors who are expanding fast by acquisition.

[beazer2] 14/5/2014 11:08

Results from LOOK this morning ahead of market expectations and particularly strong trading in the critical March trading period. Results here due at the end of the month. Added again today at 560p.

[prop_joe] 12/5/2014 10:32

kMann,
Agreed. Results last week from Vertu bode well too (IMHO etc).

[kmann] 12/5/2014 09:46

Expect some strong numbers in the results imo

[manrobert] 23/4/2014 13:14

managed to buy 1500 @555,dealer actually wanted 560 .

[prop_joe] 14/4/2014 09:03

I saw that CFYN was included in an Investors Chronicle value based stock screen which was also mentioned in the Weekend FT's IC summary.
The same stock screen methodology performed very well in 2013 so hopefully CFYN will contribute to a similar result for 2014!

[jaf111] 06/4/2014 19:06

A repeat of what i said 7 March

minimum 75p eps expected (results due end May) putting CFYN on PE of 7.5.....amazing value!

[coolen] 05/4/2014 22:52

What is the present mood of the previous revolting minority, and is this chap (below) one of them ?


"......The Company was notified on 26 July 2013 that M A Bruce-Smith purchased 25,000 shares.

Following this purchase, M A Bruce-Smith has a beneficial interest in 184,399 Ordinary Shares, representing 6.6% of the issued Ordinary Shares."

[kmann] 05/4/2014 22:28

I think your still living in a recession. Start looking forward. New pension reforms mean more money to buy cars. Their also in a prosperous region, and the ecconomy is still recovering. A current p/e of 11, hardly over valued.

[big7ime] 04/4/2014 17:44

Have been invested here on and off in the past so have built up in my opinion a good understanding of the pos/neg factors over the yrs. Sp has risen on back of the recovery in the car sales Mkt generally as i predicted but feel now the continued recovery in share price is limited. Apart from the Mkt generally being very different now with lower margins and the rise in car supermarkets and Internet dealers where they cannot hope to compete this co has been in gradual decline for many years with old school family management, lower margins, not moving with the times, loss of francises as opposed to some posts here of new dealerships? ,and huge pension liabilities. they have been selling off less profitable sites not before time but trouble is they are not easily redeveloped and are achieving very low price hence book vals. The family seems to milk the business and are not likely to sell, it has poor exp management with ridiculous waste in it contracts and old boy network emps coming up for retirement, eg memb of trusted dealers which costs a great deal an old boy network with no benefit as far as i see to the business or shareholders. The capital exp on redesigning and dev their sites is of course a major factor on holding the share price back and profits are likely to be lower as result for long while yet. For now I would be cautious as the industry is going through radically changing times, and there are better much leaner firms likely to win All IMHO of course. dyor

[kmann] 04/4/2014 15:52

New car sales hit 10 year high in March



This is a no brainer buy imo