Bca Marketplace Share Discussion Threads

[football] 10/6/2018 23:52

30 FREE oneplus coins here but running out fast so don't miss out!!!

[gleach23] 10/6/2018 22:57

Sky News article -

hxxps://news.sky.com/story/private-equity-titans-circle-17bn-webuyanycar-owner-bca-11399616

[minerve] 06/6/2018 19:06

Thanks for the insight nappe.

[liquidkid] 01/6/2018 15:43

Post 3009 WPCT, For the record:

Fair play to Winifroth. Looks like Tom has sold his magnum opus: Trotters Used Cars: A Short Shark Redemption, to the fakenews gutter press ie tipsters.
No not The Daily Mash, The Sunday Times.
The similarities with the two pieces of sh!t (the articles, not John Collingridge) are striking. Both fethesis are that BCA Marketplace [BCA.L] has a high risk loan book. i.e. That retail used car buyers on PCP are idiots.

Hope he got enough shillings to cover the borrow on it.
This is relevant to WPCT has it is highly likely that Whalefeld's fat finger has been planted on the SELL & PANIC SELL buttons since early Monday morning.

[liquidkid] 15/5/2018 11:52

Has anyone considered the Woudfeld touch on this? Is the Gru himself going to put out a blog refuting The Times John Collingridge's copypasta of last years short selling opus by Winifrothas as FakeNews.
A simplist would imagine Woofdeaf on reading that rag spitting out his energy drink in fright and hitting the SELL button first thing on the Monday morning.
Which is precisely what has happened.
This is like financial journalism of 20 years ago when the Sunday Tipsters directly influenced share prices.
The reality is that the £100mn loan book is minuscule in size in reference & comparison to all other metrics. The whole short premise is based on a load of what ifs & what buts & Armageddon scenarios.
Not everything that the Gru piles his fat fingers on turns to sh!t.
A forced seller?
181.20 -3.40 -1.84%

[minerve] 14/5/2018 21:32

This company is not underrated by this armchair expert! :)

I agree with everything you say julesmin and thankyou for your insight. Hope you can stay on and keep us updated to what is happening on the 'coal face'.

Good luck with your holding.

[hedge fund harry] 14/5/2018 19:55

Thanks very much julesmin for that post. It's very useful hearing from someone with first hand experience. I don't hold these directly but I hold via MVI where BCA is 28% of their portfolio. I did research the recent news from BCA and all I saw was share buybacks, directors buying and what looks like a great trading update so The Times article looks completely out of kilter with the news flow.

[julesmin] 14/5/2018 18:26

As the owner of a small car trading business I have an account with BCA, so I know the business well. Like every other car trader, my biggest challenge is in finding good stock to sell. For the last 3+ years stock through BCA has been getting premium prices, much of it above "Trade CAP Clean" prices, and relatively few lots go unsold on their first pass through auction. Many of the major PLC dealers sell their trade-ins via BCA, and this provides an essential source of stock to the thousands of independents like me. In addition WeBuyAnyCar (WBAC) is owned by BCA, and is an excellent source of stock obtained direct from the public, and BCA make tremendous margins selling these vehicles via their own auction houses. To me it seems like BCA is a vibrant, successful business, and quite dominant in its sector. I have to say that the financial journalists who write these bearish stories about BCA simply don't seem to understand the business. BCA is the ultimate middle-man in the industry, and makes money principally from hefty buyers' and sellers' commissions, so it's wrong to equate its fortunes with car retailers whose gross margins are subject to completely different pressures. Other than Mannheim there is no rival auction house of any scale in the UK, so those commission rates are robust. The WBAC business is a brilliant high-margin adjunct to the auction business, and I can't see it being challenged by any rival either. For journalists to suggest that these WBAC vehicles represent a stock liability is absurd. Have they been to any of BCA's sites and watched the cars go through every 40 seconds with another £500 commission to BCA? I don't suppose they have. Perhaps all they do is sit at their desks and recycle garbage written by poorly researched tipping sheets. To put it simply, BCA is one of only 2 players of national scale that can handle the sales of major car retailers and leasing companies. In my opinion its earnings are very high quality, and the business will grow steadily from here. BCA is very underrated by the armchair "experts" in my opinion. This seems to me like a great buying opportunity. I'm buying all the way to 230p.

[watcher13] 14/5/2018 17:40

LK, saw that - wasn't anything new in it and strangely didn't refer to the latest trading update from 11th April

Trading Update - Ahead of Market Expectations
 
BCA, the UK and Europe's market leading digital and physical used vehicle marketplace and automotive service provider is pleased to announce the following trading statement.
 
The positive outlook reported in the Interim Results of 28 November 2017 has continued during the second half of the financial year culminating in a strong trading performance for the full year.
 
As a result the Business has traded ahead of market expectations with strong profit growth and with a net debt position lower than market forecasts.
 
The Remarketing businesses have been successful in winning a number of new contracts along with continuing contract renewals. The UK's leading buyer of vehicles, webuyanycar.com, continues to succeed and grow as the number one company of choice in its sector for consumers.
 
Additionally, BCA has made good progress in growing and integrating its services business.
 
BCA's business solutions systems, data and hero digital products also continue to enjoy strong customer uptake - allowing the Business to become a valued and embedded partner with many of its customers - along with driving internal performance.
 
With the above stated successes, the Board believes the Business is on a strong footing as it enters its next financial year and for the future.
 
BCA will announce its Preliminary Results for the full year ended 1 April 2018 on Thursday 28 June 2018.
 
 

[liquidkid] 14/5/2018 16:10

One to avoid?
Sunday Times' Inside the City column.
BCA has been growing profits and revenues strongly, but the column says "the business is piling up risk". The webuyanycar website means the company holds the value of these cars on its books, albeit temporarily, while BCA is a growing provider of car finance, with the company financing more than 11% of all vehicles it sold in the last month where figures are available, resulting in a loan book worth £123.7m. UK new car sales had until April fallen in the preceding 12 months in a row, while second-hand prices could be driven down amid a looming "a glut" of lease cars heading for the market.
185p -4.15%

[minerve] 26/4/2018 12:29

owenski

They will not compete with BCA. BCA have the physical network behind the virtual one. You may find that their business models to some extent might complement BCA's if the cars find their way through BCA's auction houses.

[molatovkid] 26/4/2018 10:03

Looks poised for the next leg up here....coiled spring effect....£2.10+ coming

[hardupfedup] 11/4/2018 07:52

Trading Update - Ahead of Market Expectations

BCA, the UK and Europe's market leading digital and physical used vehicle marketplace and automotive service provider is pleased to announce the following trading statement.

The positive outlook reported in the Interim Results of 28 November 2017 has continued during the second half of the financial year culminating in a strong trading performance for the full year.

As a result the Business has traded ahead of market expectations with strong profit growth and with a net debt position lower than market forecasts.

[owenski] 03/3/2018 11:40

Seem to be some copy cat firms appearing and advertising similar to BCA's model.

[liquidkid] 15/1/2018 12:05

Is this to do with Brexit?
Shhhh don't mention Brexit.

1. Cars are UK's biggest import from the EU
2. Most come from Germany BMW, Merc, VWAudi 0000
3. BCA - British Car Auctions, a European car marketplace
4. Auto1 Group GmbH not operating in the UK
5. Looks like a complete copy cat of the BCA model right down to the logo
6. BCA should be getting licencing or franchise fees from Auto1.

[minerve] 14/1/2018 16:29

SoftBank invests €460m in online car dealer Auto1

I wonder how this reflects on BCA?

[trogerswinning] 16/11/2017 12:04

Results out 28th Nov.

The AGM statement in September read:

"The Board is pleased to report that the Company continues to trade and grow in line with our strategy, growth and financial expectations. The Board remains confident about the Group's prospects for the financial year as a whole and its strategic development plans for the future."

Sounds good to me! I'm a buyer.

[tiltonboy] 09/11/2017 07:33

Lookers maintain that the second hand market remains buoyant, with no change in pricing.

Of course this can change, but comforting that things haven't softened yet.

[devonlad] 07/11/2017 10:27

Septimus, short term the chart looks weak, target 180p. Long term, who knows. Rising interest rates, declining real wages for their demographic, lack of savings and being forced to adopt new accountancy practices is going to put a lot of pressure on the business. I am short from 215p.

[devonlad] 31/10/2017 15:33

Considering the demographic of its clients and now debtors, a rise in interest rates really isn't going to help. It will be interesting to see what happens if there is a rate rise on Thursday imho.

[septimus quaid] 28/10/2017 00:27

Only came to look at this board because it got a mention in today’s Bearcast.

TW mentioned BCA holding stocks of second hand vehicles.

With all the diesel/emissions scandals, is there a risk of that stock losing value (I hear the second hand diesel market is becoming “challenging”)?

[trogerswinning] 19/10/2017 10:04

This is one of the most bizzare shorts I have ever seen. It's just joined the Premium Listing so will have all the index trackers buy in regardless of whether it's good or not.

It could be called Chocolate Teapot PLC, but if it's Premium Listing the computers have to buy!