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Motorpoint Share Discussion Threads
Showing 51 to 72 of 75 messages
|Outlook seems much more positive than I'd thought. A hold for me. IMHO.|
|I think there's a miscalculation on the net current assets line on todays results on the balance sheet. Surely should be £7.2m not £14.6m. (Same error for 31st Mar & last Sept on same line).|
|Despite directors recent performance, margin seems to be back to normal, repeat customers are up, divi confirmed and FY in line. Motor industry sentiment still poor but its looking a bit better here.|
|So owners make some money and don't suffer stich in the downturn if it happens. .|
|Why float and warn|
|One for insomniacs|
|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.|