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Motorpoint Share Discussion Threads
Showing 51 to 73 of 75 messages
|ddubzy, no probs.
I noticed the non exec buy yesterday, she wasn't part of the founding team and not heavily invested, I thought it was a good sign although set against now very poor sentiment.
Thx for the telegraph piece mfhmfh, they do have a point although they also say somewhat risky and flag the old saying about profit warnings coming in 3's. Dunno.|
|director buy announced today. looking for a recover of the share price to around 200p at the time of results.
Plus positive update today from PDG.|
|Haha, my post wasn't meant to come across as being directed at you paleje!!|
|So do I, I wasn't siding with them, just joking about them...as someone else had likened them to George Cole's Arthur Daily earlier. But Arfur was a likable rogue, don't know about this lot.|
|Not sure I'd buy a used car from em, agree with WYKEN!|
|They bought 1.3m between them but they own 40m just to put in perspective. Arfur would've been proud of 'em.|
|Substantial support from directors 3 x RNS this morning, might explain yesterday's rise.|
|I don't know how true NT is, wipo1, but I read his first book years ago and it seems he's a millonaire from small caps so despite the ones that go wrong, his strategy of culling the bad ones early and running the good ones doesn't seem too bad.|
|At the end of the day this is a second hand car dealer as far as I understand... would I want to invest in Arthur Daily... not really..|
|tell that to people holding Laird today!|
|Yes I'm not in that business but I thought until a few weeks ago that used cars/ ex fleet sales would be fairly safe from Brexit related issues but I'm not so sure now because a lot more dealers could be looking to increase their used car sales if new regs dip...so there will be more competition, ie MOTR won't have as much to themselves. Would you see it that way, I mean I hope it's not for your sake:) but does it seem possible?
Incidentally Paul Scott just shied away from MOTR in his daily report, says shouldn't issue profit warning so soon after IPO, doesn't like they way they dress it up and checked some broker updates which have downgraded forecasts by 20%.
|Just to be clear.
The new car market has been stronger than most of us expected over the last couple of years.
As a used car seller I don't expect Motorpoint to suffer particularly next year but we do appear to have reached an inflexion point in the cycle.
A typical dealer makes most of their money out of second hand cars, service and parts as opposed to selling new cars.
Motorpoint is a pure play on selling used cars and as such will most likely be fine until we either see an increase in the cost of borrowing or a rise in unemployment so not all doom and gloom but equally the environment is likely to get a bit tougher.|
|Robbie Burns latest Ruspetro stunt fully revealed this morning|
|Thanks Salpara for the inside view.
"..management has invested in margin to protect the Group's good level of stock turn, and managed its stock levels carefully.."
Always a red flag to me when management talk this kind of nonsense. Luke Johnson wrote a great piece weeks ago about corporate speak obfuscation, this is a great example.|
|Had a look when it floated and felt it was vastly overvalued.
It is a pretty decent business and is now approaching fair value but as someone who works in the car industry I am not expecting 2017 to be as good as 2016 so I wont be investing.|
|I would be amazed if Robbie Burns invest in all of the companies he posts on his website. The secret is to identify the ones he does.|
|Dose anyone have a opinion on what's happening today with MOTR sp??|
|Hit my stop loss a few days ago so am also out|
|Well Robbie Burns has sold up; citing a sentiment loss across the whole sector.My stop loss was hit yesterday so I'm out too, but I agree it is a well run company so I'll keep it on watch. We live in unusual times !|
|We're certainly motoring with MOTR albeit the wrong way down the road!!|
|Perhaps they know the market for nearly new cars is going to get hotter and they will have more competition from the franchised sellers who will want to keep their sales up if new cars drop, which seems to be happening.|
I suggest Brexit and £ devaluation has affected sentiment to Motorpoint. Although I believe nearly all European car manufacturers are still holding UK £ prices, largely due to their currency hedging, £ prices will inevitably increase by c 15% after several months, reducing imports, new sales, turnover in second hand market etc. This might begin to hurt MP. Personally I feel MP produces an excellent service and believe its concept will continue to grow, albeit maybe hiccup in 12 months.|