Inchcape Share Discussion Threads

[louis brandeis] 16/4/2024 08:59

The opportunity is still there Essential.

The morons running almost every country (and most companies) ATM will give you further opportunity. :)

[essentialinvestor] 16/4/2024 00:22

I sm trying to work out why I did not buy recently.

[smcni1968] 15/4/2024 14:45

Good news- gets rid of a very low margin business. I expect a big share buyback

[gipps] 15/4/2024 13:10

I am but trying to work out what it actually means for share holders does it mean that we have to wait over a year to get the benifit ?

[louis brandeis] 15/4/2024 13:04

RNS and dead thread. Nobody interested????

Inchcape plc to sell its UK Retail operations to Group 1 for cash consideration of approximately £346m

[mortimer7] 04/4/2024 09:56

UK New Car registrations total for month of March was 317,786. Last March was 287,825.
Increase once again due entirely to Fleet market sales being up 30% as the sector catches up with the last two years supply shortages. Private sales down 7.7%.

[buffalobillnuts] 01/4/2024 14:12

Those director buys stinks of insider dealing!!!!


Sky News has learned that AutoNation, which has a market capitalisation of nearly $7bn (£5.5bn), is among the suitors circling the business since Inchcape confirmed in January it was conducting a strategic review.

AutoNation is said to be at the early stages of considering an offer and may yet not decide to proceed with one, according to industry sources.

If it does go ahead, it would represent a first step into the UK for AutoNation after it withdrew six months ago from a bidding war for Pendragon, another London-listed car dealer.

A deal could be worth in the region of £350m, insiders said.

AutoNation failed to respond to several emailed and telephoned requests for comment.

The sale of Inchcape's UK operations would mark another stage in the industry's ownership shake-up.

[essentialinvestor] 07/3/2024 12:07

Yup, I should have bought a few, easy after the event as always.

[mortimer7] 07/3/2024 12:02

5/3/24 CEO buy @ 622.50p, £59.6k.
7/3/24 Chairman buy @ 640.75p, £98.1k.
Decent size buys always reassuring for PI's I think.

[mortimer7] 07/3/2024 11:57

UK New Car registrations total for month of February was 84,886. Last Feb was 74,441.
Increase due entirely to Fleet market sales being up 25%. Private sales down 2.6%.

[reallyrich] 05/3/2024 14:06

Well in for a few just now

[essentialinvestor] 05/3/2024 11:44

INCH is frequently given to fat % moves on news, today's
price actions joins a lengthy list

My concern is they have gorged themselves on acquisitions and now face tougher markets given macro headwinds.

There are longer term concerns on the future of car distribution, with OEM's selling directly to consumers.

It's a difficult call atm, a sale of their UK retail business would help.

[cupra kid] 05/3/2024 11:01

On an already undervalued sp, todays fall seems very overdone. The results were good, outlook is decent and they're making a lot of money. I believe fair value would be around 1000p.

[martincc] 05/3/2024 09:12

Liberums target price for INCH after Q3's was 1270p

[redhorse2020] 05/3/2024 08:54

Tough outlook and increasing debt never a great combination. Any news on the UK business that they've been trying to offload?

[cardinal3] 05/3/2024 08:39

Decent results, poor immediate market reaction

[aleman] 01/3/2024 16:49

Downtrend looks to possibly have broken, though some might choose to draw it differently.



free stock charts from uk.advfn.com

[liam1om] 29/1/2024 11:42

hxxps://news.sky.com/story/inchcape-invites-suitors-to-drive-off-with-uk-retail-arm-13059303

[essentialinvestor] 23/11/2023 13:29

Bought a small amount today, are these cheap for a reason?. Not sure on that.

[tole] 28/10/2023 09:41

Liberum: Inchcape shares are too cheapCar dealer and distributor Inchcape (INCH) is 'too cheap' given the long-term opportunity and strong balance sheet, says Liberum.Analyst Sanjay Vidyarthi retained his 'buy' recommendation but cut the target price from £13.00 to £12.70 on the Citywire Elite Companies AAA-rated stock, which was trading at £6.60p on Thursday.Third-quarter results from the group were in line with expectations and the business remains on track for its full-year figures, with synergies from the Derco acquisition offsetting weaker markets in Chile and Columbia.Vidyarthi did not change his forecasts but said management was taking a 'more cautious view on Europe' in 2024 that was 'offset in part by stronger growth in Asia'.'We think the shares had been discounting a warning, rather than the resilient performance that has been delivered,' he said.'The longer-term buy and build opportunity is large, the balance sheet is strong and we expect return on capital employed to improve. Current year 2024 price/earnings of 7.1x is too cheap.'

[essentialinvestor] 26/10/2023 12:10

Bought a few this morning, no warning, outlook seems ok given the backdrop.

[chelseamann] 24/10/2023 17:04

given the current share price and the way it has "plunged" in recent weeks iam beginning to think someone knows more than is being put out in the public domain.....all of the brokers suggesting that the price should be over a tenner (and that was only recently).......other than easy jet and rentokil (who both dropped heavily in the last 10 days) Inchcape seems to be leading the way in the price drop stakes. Thursday is trading announcement and just 3 months ago they were stating that year end profit would be at the high end of expectation but Inchcape doesn't have high exposure to the middle east does it ???? so for me its either another drop thursday or an explosion upwards to make up for the massive falls ......here's hoping

[mike24] 31/7/2023 14:45

Checkout contract rates ie Audi A3 risen to whopping 11.4apr
worth 900p future looks bright nai dyor

[mortimer7] 11/4/2023 16:16

Jefferies set a target price of 1,290p, which when compared to the Inchcape plc share price of 753p at opening 11/04/2023 indicates a potential upside of 71.4%.

[mortimer7] 31/3/2023 13:30

Another sensible acquisition today by the looks of it.