Cambria Automobiles Share Discussion Threads

[value viper] 25/11/2016 15:15

Fair point EC but it would send the right signal of course.

[effortless cool] 25/11/2016 15:14

Yes, but bear in mind that the directors already own 47% of the shares.

[value viper] 25/11/2016 14:11

would we not think / like to see some director buying IF they had any conviction ?!
I'm trying to assess the valuation case here and it's cheap of course.
Place your bets.....but I think I'll keep away for now.....
I wonder if M & A is very real poss here.....would the acquisitive bull MMH be a poss bidder ?..NRI....

[effortless cool] 24/11/2016 20:44

Header updated to reflect updated forecasts based on the recent finals. I have made some more cautious assumptions, given the uncertainty about the new car market, and the valuation has fallen somewhat. I still rate it as a STRONG BUY, however, and am happy to hold for the longer term, regardless of current price volatility.

[shanklin] 22/11/2016 10:41

Well in terms of their outlook commentary, CAMB have certainly given themselves massive scope for "We told you so" commentary should there be a downturn.

[renixus1] 22/11/2016 10:27

EPS only up 53%. I really don't like the look of that! The real problem here is the pessimism, the analysts and the chartists all see an industry top forming and the institutions for now appear to believe, with the industry maintaining a cautious stance to cover their asses. While there is an air of uncertainity, human nature is to over react and the bad things tend not to happen or have such a great impact when everyone is focussed on them like this. Think about it!

[shanklin] 22/11/2016 09:41

Indeed :-)

[effortless cool] 22/11/2016 09:22

It's a difficult balance to get right. In a market that is overreacting to any negativity (see the share price move this morning), I am happy for them not to emphasise minor negatives, as this fire seems likely to be.

[shanklin] 22/11/2016 09:13

EC,

Fair point albeit I still think its better to communicate this type of information up front to shareholders, not hide it away, well down an RNS, as they chose to.

[effortless cool] 22/11/2016 09:09

"We are of course working closely with our insurers to mitigate the financial impact on the Group and do not currently anticipate that these will be material".

An RNS would not have been appropriate.

[shanklin] 22/11/2016 08:49

I thought the results were excellent but the outlook commentary less positive.

In terms of having an open and honest flow of information from CAMB, I don't like the way the details of the fire were hidden away well down the RNS. Indeed, whether or not the fire is material to CAMB, I think it should have been the subject of an RNS at the time.

All IMHO.

[mortimer7] 22/11/2016 08:28

Significantly the highest % of gross profit (38.2%) is from Aftersales business.

[effortless cool] 22/11/2016 08:21

Our perhaps it isn't!

[effortless cool] 22/11/2016 07:51

Great results this morning, with both revenue and profit before exceptionals ahead of my forecasts. Outlook slightly downbeat, although that is not a surprise and is certainly already in the price.

[mortimer7] 17/11/2016 10:16

Used car sales for Q3 2016 grew 7.9% compared to Q3 2015:-
hxxp://www.am-online.com/news/used-cars/2016/11/17/used-car-sales-reach-record-levels-in-q3?utm_source=dlvr.it&utm_medium=twitter

[mortimer7] 04/11/2016 09:12

UK new car market experienced 1.4% growth in October compared to October 2015 according to todays figures published from SMMT. 180,168 cars were registered last month.
Year-to-date performance remains ahead of 2015 by 2.5%, with 2,330,663 new cars registered.
SMMT Chief Executive said "September’s number plate change is always a hard act to follow so the market’s growth in October, albeit moderate, is welcome news"

[melton john] 13/10/2016 15:36

Hard to call with a 1p spread but my buy was printed as a sell.

[shanklin] 13/10/2016 14:06

Selling begetting selling currently.

[melton john] 13/10/2016 13:46

Talked myself into a little top-up @57.98 , showing as a sell.

[melton john] 13/10/2016 12:21

I have my car serviced at a Ford dealer. I went the other day and was treated like I was a valued customer for the first time since I took it there.

[davidosh] 13/10/2016 09:51

Melto john.....I think you have it spot on. Sales may reduce for new cars but will continue in the second hand market as PCPs are now becoming popular for second hand 3 to 6 year life cars. The After sales and warranty, servicing etc revenues will therefore increase and they are much more profitable anyway.

[melton john] 13/10/2016 09:47

Vertu results show servicing and warranty contributing 72% of gross profits. PBT up 14%, sales down 4%. Are we worrying too much about new car sales?

[renixus1] 12/10/2016 18:19

I am guessing this sector is a little unloved right now. Clearly institutional buyers are steering in other directions as they mindlessly do. Cambria is just following the prevailing winds. I love unloved sectors.

[renixus1] 07/10/2016 15:14

Davidosh, can you relay what they say about who's going to service all those cars following record sales? That industry within the sector could be next to boom. Or perhaps the cars being sold today are so good they don't need maintenace!

[davidosh] 06/10/2016 17:13

London from noon to 3.30pm