Inchcape Share Discussion Threads

[ed 123] 27/10/2016 11:48

I guess the Hong Kong slowdown was behind the PDMR sales. Fortunately for holders, the global footprint of Inchcape usually (and here again today) overcomes some regional weakness. So, we get Group LFL up 4.8%, masking North Asia LFL down 17.7%.

The overall market data for Hong Kong is available online, so should not have shocked anyone today.

Assuming a continuation of the gentle growth in global GNP, Inchcape should make gradual progress for years to come, imo. The solely UK motor traders offer more upside but more downside too. You pays your money ....

[essentialinvestor] 27/10/2016 07:34

Looking at their cost base.

Mentioned the director sales here previously.

Not holding atm.

[essentialinvestor] 04/10/2016 10:56

Ed, sorry late reply as just saw your question 09/09 re the director deals.

[ed 123] 22/9/2016 12:50

EssentialInvestor

Also, share price chart looks a little precarious. Beginning another little downward leg?

I can't see any recent director selling. What dates do you have? Ta.

You'll know all of this but anyway .... Sector is somewhat out of favour due to possible impact of Brexit in 2 or so years from now. However, it should be less affected than the solely UK based motor traders. Also Inchcape should benefit from translation of overseas profits back into Sterling.

Q3 2016 trading update due on 27 October.

My feel would be to buy on any further weakness - but that's not advice, and I'm not adding atm.

[essentialinvestor] 22/9/2016 12:20

Any thoughts here on the recent share price weakness.

Some recent director selling ...

[essentialinvestor] 02/8/2016 10:58

Added this AM.

[essentialinvestor] 29/7/2016 08:47

Added this AM and will lower if available, like what I heard on the CC.

[essentialinvestor] 28/7/2016 17:05

Just listening to the conference call.

[weemonkey] 28/7/2016 17:03

All in all market reaction is rather strange

[essentialinvestor] 28/7/2016 15:46

Very sharp % bounce from recent lows, so some locking in gains.

Results read well to me on a quick look.

[weemonkey] 28/7/2016 15:36

slightly obtuse reaction to good results.

Looking ahead risks are well spread and the company earns alot of it's money abroad. so benefits from lots of non sterling revenue streams.

this from results statement: - "With over three quarters of profits denominated in currencies other than Sterling, our reported actual currency performance will benefit if current exchange rates prevail."

[essentialinvestor] 28/7/2016 11:44

INCH entered the last recession with approx half a billion in net debt,
the current management of this Company is exceptional imv.

The share price can move in either direction very rapidly,
one to consider when markets are in world is ending mood.

[ed 123] 04/7/2016 08:23

A bit sprightly this morning, up 8p at 647p.

Deutsch Bank has upgraded INCH to 'buy'. Target price 835p, fwiw.

[essentialinvestor] 20/6/2016 13:33

Looking very cheap if we vote Remain imv.

[luffness] 26/5/2016 12:29

gooner108 - shouldnt you declare an interest ie that you are being paid by research-tree

[dondee] 02/12/2015 20:15

I was reading recently that a lot of VW work will be coming the way of main dealers due to their(VW)shenanigans, which should be good for profits. Onwards and upwards as they say.

[shaf200] 12/8/2015 12:26

what the hell is happening...750 support?

[mike740] 04/8/2015 09:06

INCH ......... Broker Target 860p.


Inchcape plc’s Hold Rating Reiterated at Deutsche Bank (INCH)

Posted on August 3, 2015 by Matt Cooper in Analyst Articles - UK, Investing


Deutsche Bank reiterated their hold rating on shares of Inchcape plc (LON:INCH) in a research note released on Friday, AnalystRatings.Net reports. The brokerage currently has a GBX 860 ($13.43) target price on the stock.

Inchcape plc (LON:INCH) opened at 803.00 on Friday. The company has a 50-day moving average price of GBX 807.19 and a 200-day moving average price of GBX 795.32. Inchcape plc has a one year low of GBX 589.50 and a one year high of GBX 906.65. The firm’s market capitalization is GBX 3.59 billion.

The business also recently announced a dividend, which will be issued on Friday, September 4th. Stockholders of record on Thursday, August 6th will be given a dividend of GBX 6.80 ($0.11) per share. This represents a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, August 6th.

A number of other research firms also recently commented on INCH. Liberum Capital reiterated a hold rating and set a GBX 680 ($10.62) target price on shares of Inchcape plc in a report on Thursday. JPMorgan Chase & Co. restated an overweight rating and set a GBX 735 ($11.48) price objective on shares of Inchcape plc in a report on Tuesday, July 28th. Citigroup Inc. reiterated a neutral rating and issued a GBX 770 ($12.03) target price on shares of Inchcape plc in a research report on Friday, July 24th. Nomura restated a buy rating and set a GBX 780 ($12.18) price objective on shares of Inchcape plc in a research report on Tuesday, July 14th. Finally, Berenberg Bank reiterated a buy rating and set a GBX 915 ($14.29) price target on shares of Inchcape plc in a research report on Friday, July 10th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Inchcape plc presently has an average rating of Buy and a consensus target price of GBX 845.56 ($13.21).

In other news, insider McConnell ,John sold 137,818 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of GBX 8.54 ($0.13), for a total transaction of £11,769.66 ($18,384.34).

Inchcape plc is a global premium automotive distributor and retailer. The Company provides a professional and financed route to market for automotive manufacturers across five continents. Inchcape acts as a vehicle and parts distributor in 22 of its 26 markets. In these markets, the Company has responsibility for managing the value chain on behalf of a focused portfolio of premium and luxury brand partners. The Company’s responsibilities as a distributor include specifying vehicles to meet local market requirements, organizing logistics from the factory gate through to the retail center, appointing and performance managing the retail network and acting as the national marketer of the brand. The Company derives over two third of its profit from Asia Pacific and emerging markets. Its markets include Hong Kong, Singapore, Russia, Chile, Ethiopia, Australia and the United Kingdom. In June 2014, Inchcape PLC completed sale of its 24 Leng Kee Road, Singapore to Wealth Assets Pte. Ltd.

[shaf200] 03/8/2015 16:45

welcome back mikey! I'm riding this one to 900p now...

[mike740] 31/7/2015 15:17

Inchcape plc PT Raised to GBX 820 at Nomura (INCH)
Posted by Stephan Byrd on Jul 31st, 2015

Equities research analysts at Nomura hoisted their target priceon shares of Inchcape plc (LON:INCH) from GBX 780 ($12.11) to GBX 820 ($12.73) in a note issued to investors on Friday, AnalystRatings.Net reports. The firm presently has a “buy” rating on the stock. Nomura’s target price indicates a potential upside of 2.24% from the stock’s current price.
In other Inchcape plc news, insider McConnell ,John sold 137,818 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of GBX 8.54 ($0.13), for a total transaction of £11,769.66 ($18,267.36).
Shares of Inchcape plc (LON:INCH) opened at 805.5000 on Friday. Inchcape plc has a one year low of £589.50 and a one year high of £906.65. The stock’s market capitalization is £3.60 billion. The stock has a 50 day moving average of £808.42 and a 200-day moving average of £795.26.
The business also recently announced a dividend, which will be issued on Friday, September 4th. Investors of record on Thursday, August 6th will be paid a dividend of GBX 6.80 ($0.11) per share. This represents a yield of 0.85%. The ex-dividend date is Thursday, August 6th.
INCH has been the topic of a number of other reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 915 ($14.20) target price on shares of Inchcape plc in a report on Friday, July 10th. Citigroup Inc. reissued a “neutral”; rating and issued a GBX 770 ($11.95) target price on shares of Inchcape plc in a research report on Friday, July 24th. JPMorgan Chase & Co. reaffirmed an “overweight221; rating and set a GBX 735 ($11.41) price objective on shares of Inchcape plc in a research report on Tuesday. Liberum Capital reissued a “hold” rating and issued a GBX 680 ($10.55) target price on shares of Inchcape plc in a research report on Thursday. Finally, Deutsche Bank restated a “hold” rating and issued a GBX 860 ($13.35) price objective on shares of Inchcape plc in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of GBX 840 ($13.04).
Inchcape plc is a global premium automotive distributor and retailer. The Company provides a professional and financed route to market for automotive manufacturers across five continents. Inchcape acts as a vehicle and parts distributor in 22 of its 26 markets. In these markets, the Company has responsibility for managing the value chain on behalf of a focused portfolio of premium and luxury brand partners. The Company’s responsibilities as a distributor include specifying vehicles to meet local market requirements, organizing logistics from the factory gate through to the retail center, appointing and performance managing the retail network and acting as the national marketer of the brand. The Company derives over two third of its profit from Asia Pacific and emerging markets. Its markets include Hong Kong, Singapore, Russia, Chile, Ethiopia, Australia and the United Kingdom. In June 2014, Inchcape PLC completed sale of its 24 Leng Kee Road, Singapore to Wealth Assets Pte. Ltd.