||EPS - Basic
||Market Cap (m)
Lookers Share Discussion Threads
Showing 1976 to 1997 of 2000 messages
|To get down to that price trading would need to weaken considerably IMV,
it's a possibility, but as always DYOR.|
|I think the share price is now on a steady decline. 60/70p is a strong possibility in my opinion. Not a good idea to sell the parts division. This acted has a cushion if bad times return. I also see Motorpoint (MOTR) is well down this morning.|
|up-wards and on-wards|
|As I see it PCP and increasing OEM expectations are driving sector consolidation.
The flip side is potentially weaker consumer spending and increasing prices
through 2017/18 providing headwinds.|
|sentiment is just so negative in this sector despite most of the companies having good underlying results. money to be made when sentiment turns. IMHO.
should have an update towards the end of this month as we did last year.|
|A storm in a teacup....
From Marshalls today:
Given this, the Company believes it is appropriate to provide an update on trading since it released its interim results on 16 August 2016 and to reiterate that the Board's outlook for the full year remains in line with its previous expectations. Specifically, this full year outlook would represent a significant improvement in earnings per share versus that achieved in the year ended 31 December 2015.
The Board's confidence in the full year outlook for 2016 is underpinned by the following:
- Since 30 June 2016 the Group has, as expected, enjoyed material growth in both revenue and profit driven by the acquisitions of SG Smith and Ridgeway.
- The Group's like-for-like business has also enjoyed strong revenue growth over that period.
- During the important plate-change month of September, the Group has experienced significant like-for-like new unit sales growth, outperforming the wider UK market as reported by the SMMT. Sales volumes in used cars during September have also shown like-for-like growth.
- Aftersales revenues have also continued to show strong like-for-like growth.|
king kong dong
|Agreed. On my watchlist too|
|Might be worth factoring in some sector earnings downgrades for 2017.
I don't think it's sackcloth and ashes times, however not even one recent non exec director buy.
On a watchlist, not holding atm.|
|I sold 40% of my holding some time ago, and have now sold another 20% - the market obviously fears the worst for motor dealers. Good luck all holders.|
|Imv Lookers should hold fire on any further acquisitions, other than
the two recently announced.
Keep gearing low and see how the sector trades next year.
There is no rush to expand further, may be plenty of opportunities next year.|
|Sterling slumps. Consequently import prices rise.
Does this not remind you of:
"It does not mean that the pound in your pocket has been devalued." Prime Minister Harold Wilson, 19 November 1967, after forcing exactly that.|
|Might have a few if we retest the July low.
No director buying.|
I like this bit "Hicks said: “Jaguar Land Rover continues to enjoy great success at the moment; this month has been our best September on record for both Jaguar and Land Rover."|
|Vertu put some decent figures out today....said they had a strong September. Bodes well for LOOK.|
king kong dong
|I think a lot of people will buy a new car, as its increasingly worth nothing keeping it in the bank. Interest rates are dire for savers....might as well splash out.|
king kong dong
|GBP weakness may lead to higher vehicle pricing through 2017,
September new car registrations indicated a slow down in private registrations,
growth in the fleet market boosted overall figures.
New vehicle registrations have enjoyed multiple years of strong growth,
so some slowdown inevitable imv.
The sector is likely to experience weaker conditions periodically.
All IMV only, so always DYOR.|
|The only news I can find....
|Can't answer that Peter, but here's a reminder for everyone of the excellent half year results:
· Revenue increased 33% to £2.34 billion (2015: £1.75 billion)
· *Operating profit increased 20% to £59.1 million (2015: £49.2 million)
· *Adjusted profit before tax increased 16% to £50.1 million (2015: £43.1 million)
· Profit before tax increased by 17% to £46.7 million (2015: £39.9 million)
· Earnings per share up 17% at 9.44p (2015: 8.08p)
· *Adjusted earnings per share up 16% at 10.3p (2015: 8.89p)
· Increase in interim dividend of 20% to 1.28p per share (2015: 1.07p)
· Net debt significantly reduced to £74.9 million (31 December 2015: £161.7 million)|
king kong dong
|Why are we nearing a £1.00 ? I can't see the GB-Dollar rate causing 25% recent drop.
|I'm in! Buckle up!|