4*
Auto Trader Group posted solid Interims this morning, but interestingly the share price is down 6% on the news. Group revenue increased 8% to £302.5m, Group operating profit increased 14% to £188.4m and Basic EPS increased 22% to 15.56p. On the face of it 22% EPS growth is pretty robust performance and a long way above the company’s 5-year CAGR EPS growth of a little over 6%....from WealthOracle
wealthoracle.co.uk/detailed-result-full/AUTO/955 |
Still a well run monopoly |
Pop up AUTO .300 nurses to train for GDR game changer new test . Multibagger possible .Anyicipated news. |
the real problem is the Ukraine war is going to drag on for yrs
but on what authority did boris have to tell Ukraine, no military help
would come from nato if they went into negotiations with russia
edit 12/22
check out Scott Ritter comments on how serious the situation is now, |
Close to overbought territory, a back test to 690p is likely |
Finally 700 |
And back up we go fundamentals still stronger than technicals |
Gap closed, with some buyback support and a break of 600p resistance should move to around 616p where the RSI down trend needs to break |
The share buybacks have started to slow, I never understood why these were active whilst the shares traded at a premium.
Perhaps to prop the share price and absorb any weakness, it is clear that with these now subsiding until the cash pot is rebuilt the market appetite to pickup the slack from sellers is not there hence the recent drop.
Now ex-divi which explains 5p of weakness it would make sense to let the shares settle lower before recommencing buyback and thus saving the company and its investors money since there will be an obvious discount to stock.
Recent broker target 590p. |
Getting into nose bleed new highs, crazy. |
The fed have changed their stance, interest rate hikes are coming in faster than expected.
Inflation needs to be curbed, the markets are already responding. |
28p EPS where?
Currently overbought on all indicators, the softness of the fed around current stimulus packages is cranking the DOW and FTSE into overdrive but many stocks are overshooting on sentiment.
US inflation at 5% the highest since 1992, something is going to break. A back test and gap fill is likely here before reaching those levels, 580/590s would complete this on a TA basis. |
Big squeeze now coming to 700p imo. Pre pandemic this stock traded on 25x one year fwd eps. That is 28p now. Management out meeting investors and clearly its a convincing story. Pricing power, ownership of customer and b2b infra, new products etc etc If you are short on valuation its not enough im afraid. |
They can increase prices faster than inflation. Perfect for this environment imo. |
Well done Crazy valuation though. I think in more recent weeks volumes are about 15% down on last year and competition is hotting up.50% overvalued at least.Short |
Bought in here today. Will be interesting to see how the b2b biz is doing tomorrow. This stock is not just retail ads its the sourcing software and distribution software/ infra that all the new entrants are using. So could be upside here imo. |
Not auto tho. Listing down 10% on last year |
Second hand car market buzzing |
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