||EPS - Basic
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Lookers Share Discussion Threads
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|Link to MIDAS ...3rd story
|also tipped in mail onsunday today by midas|
|Tipped BUY today in investors chronicle. Ic say oversold at this price. I have added on the weakness in share price.|
|M, thanks for the view. My Dad was a CFO so if unsure he is my usual go to.
I tend to focus more on big picture/strategy, well aware of my limits ).|
|There's some narrative on Net debt movement in the financial review cash flow section of yesterdays report. It is a difficult one to predict from an outsiders perspective with all the other working capital movements & the timings of the accounting cut off.
Would have more meaning to us as investors if we could see a monthly trend. But at least it's going the right direction.|
|Mortimer, what I was a bit surprised by was the net debt figure.
Allowing for the parts sale, plus those other dealerships sold, then netting
off the two acquisitions, I expected around 40 Million?.
May not be looking at that correctly.|
|Ah I see. I guess Lookers have no statutory presentational requirement to indicate the effects of the Benfield acquisition in their 2016 report.
In 2015 year end accts, they acknowledged turnover growth of £330 million, of which acquisitions contributed £263m. (Benfield for the period 2/9/15 to 31/12/15)|
|Like for Like, probably should have used a L in fairness.|
|EI - sorry if I'm being a bit thick, but what are the 141 numbers?|
|I found the presentation, can't see the webcast on the investors site
as of yet.|
|Webcast well worth a listen. I added to my holding after listening to CEO.|
|Mortimer, is that correct, have you looked at the l4l numbers?.
Just had a quick look at the Zeus Capital note, may be you have different
definitions on l4l.
Will listen to the webcast later if there is a playback option available.|
|Thought it worth reminding everyone that Lookers bought Benfield in Autumn 2015.
So Lookers turnover/revenue for 2016 has the benefit of a full year of what was Benfields revenue. This was approx £700m in their last year. So effectively that acquisition is the prime driver of Lookers revenue increase.|
|Management very happy with used and new cars sales for Jan Feb 2017 can't give numbers though . Very confident in another great year. I have added to my position after listening to call.|
|Lookers boosted its revenues by 17% to £4.3 billion in 2016, with much of its growth coming from increased sales at its existing businesses.
Although the group acquired Knights BMW and Mini and Drayton Mercedes-Benz and Smart businesses, its trading results show its motor division’s turnover rose by £658 million, of which acquisitions contributed only £131m. Chief executive Andy Bruce said it was “pleasing to see organic growth in turnover of £527m”.|
|Conference call starting at 9.30am|
|Besides wishing for some clarity (in the release) on the above, it would be nice to see motor dealers' "pre-exceptional" results in the sense of "before the influence of attractive financial purchase plans"!|
|May be back in on a bad day, pretty much as I expected, up at the open on excitement
and then profit taking, nice quick turn ).|
|Following the Q3 update, these really were in the bag imv.
Got the calculation on net debt wrong, the pension defcit increase is less than I thought.|
|Great set of results well done lookers team.|
|Ok delayed by 18 mins....
As expected results full of adjustments but overall looks more than acceptable|
|On a quick glance, looks to be a £2 Million beat on adjusted pre tax,
dividend appears ahead of forecasts, no surprise there.|
|Strange....no 7.00 am announcement.....well nothing showing that I can see!|
I remain keen on the sector & LOOK has been a core holding for me.
I believe the PBT forecast to be around £78m with eps of 15p but am not clear how matters have changed following the disposal of the Parts Division & acquisitions.....
Hopefully the late rise today will be a good omen!|