Lookers Share Discussion Threads

[oldvic] 03/11/2016 08:11

EssentialInvestor31 Oct '16 - 13:26 - 1306 of 1311 0 0
Would prefer if they kept hold of the parts division,
however the share price more likely to jump on the disposal completion news.

i agree but there is a big short on of these shares

Here Are the 18 U.K. Stocks Brexiteer Crispin Odey Is Shorting
The hedge fund manager is making big Brexit bets.
see bloomberg
3 million short bet !

i think hes wrong by the way

[essentialinvestor] 02/11/2016 10:17

£1.20 a share may be doable on a decent IMS and confirmation of the parts sale
completion, just IMV only, DYOR as always.


1.90 a share looks a little optimistic!.

[peterlowen] 01/11/2016 07:11

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[essentialinvestor] 31/10/2016 15:51

They have a former Benfield VW showroom near me, just outside Hersham on the way
to Esher, a goldmine around these parts, agree though on the premium sector.


As mentioned think it unlikely at this very late stage the deal would not complete.

The larger of the two recent acquisitions is conditional on the parts deal
from memory.

They have also disposed of another Lexus outlet post half year.

[ed 123] 31/10/2016 15:44

Parts sale? Imo, they needed to diversify away from a (too?) largish percentage of VAG garages. Lookers recent business buys have been Mercedes and BMW garages. Imo, this was good for diversification and good because I'd expect the personal finances of buyers of premier marques to be less impacted by any downturn. With these buys and without the Parts sale, going into a possible downturn, borrowing would have been higher than they might have been comfortable with. Lookers does, though, have a very strong cashflow atm. Any downturn will not be as bad as the 2008 downturn, imo, but memories of rescue rights issues still haunt the sector.

I can't see why the sale of Parts Division wouldn't complete. There would have to be something untoward for completion to fail.

I wonder if some overseas garage groups are casting their eye at the UK? Now would be a good time, imo - sector p/e ratios of about 7 and Sterling devalued significantly.

Lookers standing out today, up about 4% against a broadly flat sector.

Who knows?

[essentialinvestor] 31/10/2016 13:26

Would prefer if they kept hold of the parts division,
however the share price more likely to jump on the disposal completion news.

[ed 123] 31/10/2016 13:23

Yes, Q3 trading update is normally at the end of October. They will have the figures on their computer system and it's easy to put together a report. So, has something else gained the attention of the board elsewhere?

Also, there's some enthusiasm on the buy side of the order book today. No news that I can see, other than some hefty buying of PDG shares in the market by directors of Pendragon. There can't be any connection .... can there? Anyway, PDG shares are down a whisker today.

There's probably nothing in it and we'll get the update slightly later than usual.

[essentialinvestor] 31/10/2016 13:21

News is due as well, so perhaps some takin positions on that.

[molatovkid] 31/10/2016 13:03

Big overhang out the way? 1m trade reported

[essentialinvestor] 31/10/2016 11:13

End of October and no news..

[essentialinvestor] 28/10/2016 09:59

If that did happen and the share price took a tumble on the news,
it may present a lovely opportunity to add.

A completed deal is more likely at this stage.

Had a few more this morning.

[essentialinvestor] 28/10/2016 09:47

That usually refers to something else in rhyming slang ).

Tbh I would not be disappointed if for whatever reason it did not complete
as Parts is a very nice profitable business.

They could still complete on the Knights acquisition even without a parts sale,
their net debt is falling rapidly regardless.

[oldvic] 28/10/2016 09:41

deal with Alliance Automotive group should be done today or monday
£120 mill in the tommy tank !

[essentialinvestor] 27/10/2016 16:39

Bought a small amount this morning, may add a few more on a bad day,
was hoping for a retest of the Summer low, may not happen.

[mfhmfh] 19/10/2016 13:47

hxxp://money.aol.co.uk/2016/10/19/two-value-stocks-with-a-pe-under-8/

[essentialinvestor] 19/10/2016 11:36

To get down to that price trading would need to weaken considerably IMV,
it's a possibility, but as always DYOR.

[1fox1] 19/10/2016 09:51

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.

[peterlowen] 19/10/2016 07:15

up-wards and on-wards

[essentialinvestor] 18/10/2016 10:53

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.

[mfhmfh] 18/10/2016 08:23

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.

[king kong dong] 18/10/2016 07:27

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.