Motorpoint Share Discussion Threads

[redleader1592] 27/11/2023 23:01

Glad I sold up when it was 300p. Might need a new CEO, he's getting part of the furniture and doesn't listen to boots on the ground.

[sphere25] 24/11/2023 12:21

What are Saray up to here?

Bold moves here by Saray. They picked up 10% in July and added another 8% with (what looks like) the bulk of it being yesterday to disclose a 18% holding. They clearly think there is value here, but the results yesterday suggest more downgrades to come, and the losses to balloon.

The market hasn't moved on price on that holding update. It looks like EMAN this, with one big buyer versus the rest of the market, so they have their work cut out to get the price moving higher. That chart is horrendous too with the Bears still well in control.

Just sat here wondering what might happen if they were to come in for more shares. I don't know if they just sit and wait for another bad update, and then increase their holding substantially again, or they pop up in the near term.

Not keen here, but stuck it on the watchlist to keep a little eye on the order book. Wonder if Saray might think someone will make an approach here, on top of the bottom being close?


All imo
DYOR

15:52 EDIT: Is that Saray with another 2m picked up at 75p at 15:34? Just a small matter of 2.2%. Market doesn't want to move on that. Any more for any more?

27/11 13:58 Saray did pick up 2.2% to move to a holding of 20.4%. Immersion holding rns too showing they had 756,688 left, which has been placed today at 75p so it looks like Saray have gobbled up another 0.84% to sit at 21.24%. So just over 11% picked up by Saray in double quick time. Price still not wanting to move. Is that enough of a clearout at these levels? Let's see if any buying follows

[pinemartin9] 23/11/2023 07:40

Yeah, this looks bad. Pleased I'm not in....gut feel is it'll be a year before any indication of a turnaround. The risk is whether it survives until then.

[bspgamer] 26/10/2023 13:25

Things must be bad for CEO, he must have bills to pay selling 100K in shares. He's been living it up on with what was a huge amount of cash he snaffled in shares when he took it public. But now the chickens are coming home to roost and now selling anything to keep the wolves from the doors : )

[pinemartin9] 10/10/2023 16:24

Looks in terminal decline at the moment...

[robertball] 14/6/2023 12:23

Is it me or can anyone see the market contracting with cost of living issues etc

[bumpa33] 14/6/2023 07:33

as much as I don’t like this company, they did already signal PBT would be flat - came in with an actual £300k loss. Outlook is another matter.

[terminator101] 14/6/2023 07:27

Swing to a loss huh. This is going to crash today imo.

[kalai1] 06/4/2023 12:16

Motorpoint Group plc issued a trading update for the year ended 31 March 2023 this morning. The Group delivered record revenue of c.£1,437m, up c.9% helped by vehicle mix and price inflation, profit before taxation is expected to be broadly break-even. Market share (0-4 year vehicles) for the 12 months to December 2022 grew strongly to 3.5%, the balance sheet remains strong with c.£5m cash at year end, and significant borrowing headroom. New Chief Technology Officer, Tom Tang joined the Group in March to accelerate digital transformation. Valuation looks attractive with PEG ratio and PS ratio both top quartile. But share price remain in a sharp 18 month correction, MOTR is a share to monitor for the time being...

...from WealthOracle

[grahamite2] 28/11/2022 06:55

Covered on Citywire this morning.

[tole] 13/5/2022 18:19

https://www.fool.co.uk/2022/05/11/2-uk-shares-to-benefit-from-the-burgeoning-second-hand-car-market/2 UK shares to benefit from the burgeoning second-hand car market!Jabran Khan details two UK shares he likes that are primed to benefit from the rising prices in the second-hand car market.Jabran Khan?Published 11 May, 3:36 pm BSTMOTRVTUGraph Falling Down in Front Of United Kingdom FlagImage source: Getty ImagesI have identified two UK shares that I think could benefit from the current burgeoning second-hand car market.A shortage of semiconductor chips and essential parts of new vehicles, coupled with the global supply chain crisis, has led to a shortage of new vehicles being manufactured. Used car sales in the UK rose 5.1% between January and March this year, compared to the same period last year.UK shares have a competitive advantageMotorpoint (LSE:MOTR) is the UK's largest independent vehicle retailer. It specialises in selling used "nearly new" cars that are usually two to three years old. Motorpoint has large retail outlets strategically located throughout the country.As I write, Motorpoint shares are trading for 243p. At this time last year, the shares were trading for 286p, which is a 15% drop over a 12-month period.I like Motorpoint shares for three reasons. Firstly, many UK shares have seen prices dip due to a market correction in recent months. At current levels, Motorpoint shares look good value for money on a price-to-earnings ratio of 20. The industry average is closer to 30.Next, Motorpoint possesses a competitive advantage due to its profile, reputation, and position as the largest vehicle retailer in the UK. With its extensive presence and an online arm for online sales, the business could be primed to secure sales and boost performance.I do understand that past performance is not a guarantee of the future. However, looking at Motorpoint's recent year-end update release last month, it said it expects to report a revenue increase of 82% for the year ended 31 March 2022 compared to 2021. It also noted its market share increased too.Motorpoint shares could come under pressure if macroeconomic headwinds are curbed and the supply chain issue and semiconductor issue are resolved. This could mean newer cars are more readily available.

[weemonkey] 21/2/2022 11:19

Big article in the FT over the weekend regarding Motorpoint penned by Kate Burgess in the FTMoney section.

Title was "Used cars: the tortoise can beat the hare".

You can find the article for yourselves but the thrust was that Motorpoint was not expensive and has staying power when compared with Cazoo and the like.

As I pointed out in my previous post another possibility is that "the hare may eat the tortoise".

Either way I feel relatively sanguine invested here.

[weemonkey] 11/2/2022 10:29

www.motortrader.com/motor-trader-news/automotive-news/cazoo-lays-stall-2022-raising-another-630m-10-02-2022

yeah well, I do not see them doing that without taking someone over. They do not have the inventory of cars to even begin to dream of doing it.

They do however, have the cash to take someone over.

[undervaluedassets] 10/2/2022 12:56

Went to my local skoda dealer.. was told the wait time for a new skoda is 1 year.

Good times if your business is second hand vehicles

[weemonkey] 01/2/2022 16:19

Looking a bit neglected over the last few months. But not much wrong here as far as I can see. Has been a much steadier performer than other listed car dealers (PDG, LOOK and VTU). Recent recovery in these latter's share prices from low bases has flattered them. MOTR has has not dipped in the same way; In fact if you stand back, it is MOTR's shares that, in spite of the recent weakness, have still managed to outperform PDG, LOOK and VTU over the last six years

So I am not sure that the recent 20% fall from high will be long lived for MOTR..

MOTR is asset light and has less debt than PDG,VTU and LOOK and has strong ROCE ( Roce of 28.75 according to advfn (number needs updating) and Roce 16 according to my Sharescope).

ROCE of course is set to jump at next full year, and these results, along with those of the rest of the sector should make for pleasant reading.

Another thing.. From information I have gleaned from being a nosy investor, restoration of a divi is a priority for management

Finally, as we all know car dealership as an industry is being shaken up. And as the MOTR business model is asset lite I would not be surprised to see Cinch or Cazoo take a predatory interest (Cazoo especially as they are desperate for inventory and do not want to take on too many dealerships). Given all this I do not know if this outfit will be around for very long as an independent.

Interesting times.

[jqb1] 26/7/2021 17:27

I agree. It's a fairly small company and is driven by the economic cycle rather than being a growth or value story. Their recent announcement on growing the business was great news and seems to have given the share price a great boost, but they will struggle to take market share where the margins are so slim, I should know, I work in the industry!