Caffyns Share Discussion Threads

[sirhedgealot] 16/2/2015 13:31

Tightly held, would like to acquire. Probably better chance going door to door. Jk

[prop_joe] 07/1/2015 10:06

I think the share price is incredibly cheap given that it should be able to generate a great level of profitability relative to the share price plus the share price is significantly below net assets. In addition, the net asset position should continue to increase at a decent clip due to retained profits and the value of the freeholds creeping up over time.

People in the sector seem to be expecting a much flatter car market in 2015 but given CFYN's current valuation metrics I would quite happily take that as an outcome.

My take is that this is a share that is being overlooked by the market. I expect that to change at some point but have no idea when!

[lanzarote666] 07/1/2015 09:20

Some people have still not worked out what this means for CFYN.

[manrobert] 01/12/2014 10:06

has a plane landed on their showroom?

[shanklin] 01/12/2014 09:52

IMHO, it is fairly unlikely what CFYN call their underlying EPS will be less than 80p, quite probably higher. One then needs to factor in the effect of the defined benefit pension scheme. Given its asset base, I suspect CFYN is pretty inexpensive and when/if interest rates start to increase, the pension adjustments will presumably start to add to the underlying EPS rather than be subtracted from it.

All IMHO, DYOR.

[manrobert] 30/11/2014 12:18

even at 80p they are very cheap,imo.

[3800] 28/11/2014 22:20

After reading the intrim report again I'm not to sure how much the referbished showrooms will make to H2 earnings. 90p for the full year could look very optimistic.
3800

[imranawan] 28/11/2014 16:22

Paul Scott's just covered the results in his daily blog, so worth checking out.

Thanks for the estimated EPS 3800, but do you think this is optimistic based on EPS in H1?

[jaf111] 28/11/2014 15:48

Very little reaction really with very few reported deals....the problem continues to be a acute lack of liquidity.....very frustrating!!

But I will continue to be patient and think we will see 90p to 100p earnings this year.

[3800] 28/11/2014 15:19

Hi imranawan
there arn't any brokers forcasts my guess is 100p
Hi JAF111
"will there be any reaction from the market" looks like it, the market has now marked them down 10p a share
3800

[imranawan] 28/11/2014 14:10

Does anyone know what EPS are estimated to be for the full year? Can't see any broker forecasts.

[jaf111] 28/11/2014 07:22

yes results pretty impressive in view of the dealership upgrades.....will there be any reaction from the market - these remain ridiculously cheap???

[manrobert] 28/11/2014 07:16

shanklin you make a good point re 4 dealerships closed during period so would suggest we should have a strong second half.hope market makers mark up at the opening like they did at previous results.

[shanklin] 28/11/2014 07:10

Given the dealership renovations in H1, I had thought H1 might be considerably worse than H1 last year, something which would have justified some of the recent share price weakness. Glad to see results this good in the circumstances.

[manrobert] 26/11/2014 13:16

thanks that's helpful,

[aishah] 26/11/2014 09:32

Company has confirmed to me that the next announcement will be this Friday.

[manrobert] 26/11/2014 06:31

jaf.thanks,yeah I noticed last year was 29th nov.they should be good and interest rates staying low for a bit longer will help.

[jaf111] 25/11/2014 21:28

Nothing confirmed that I can see...but interims out 29 Nov last year and 30 Nov the year before.

[manrobert] 25/11/2014 17:55

do we have an actual date for results?

[aishah] 25/11/2014 15:09

Agree. Looked at CAMB this morning but adding CFYN which is so cheap - might do 100p eps, balance sheet full of freehold properties, a well run business. How about increasing the divi? That'll get more people on board.

[jaf111] 25/11/2014 14:50

Excellent results out today from Cambria - CFYN interims due end of week. As much as I like Cambria (and have recently increased my holding) CFYN considerably cheaper and certainly worth investing in. Paul Scott agrees....from this morning's small cap report

"However, most of CAMB's gross profit comes from aftersales (servicing, etc) and secondhand car sales. Therefore I am inclined to be sanguine about the forward outlook for car dealerships, providing they have strong Bal Sheets. Caffyns (LON:CFYN) is my favourite pick in this sector on valuation grounds, although the family control might put off some people."

[sirhedgealot] 15/11/2014 17:10

I tried to pick up 5k earlier this week and for two days straight I could not get an order filled as small as £2.5k...then a few days back it starts shooting up. Not pleased!. I was using a reputable broker. I don't know who's holding this stock, making the market but its not me!

[jaf111] 13/11/2014 09:17

On the move again...and in the right direction.....long may it continue!!
Hopefully the interims due later this month will provide a further boost.
Or maybe the two are connected???

[aishah] 12/11/2014 15:53

Buyers in the wings now - MMs upping the bid.

[aishah] 12/11/2014 12:28

Seller dried up?