Caffyns Share Discussion Threads

[lanzarote666] 06/3/2015 10:42

Anybody see the Daily Mail article yesterday reporting UK car boom as sales rise 12% while consumer confidence shows signs of an upturn.

If this share price starts to tick up we know that March sales have continued the upward trend...

[sirhedgealot] 23/2/2015 15:00

In reply to Corbeta..next time I walk by I will enquire about sales performance. I can only ask certain details understandably. Some kind of catalyst would help here IMHO. I also agree that doing away with quarterly reporting may turn out to be a mistake. Can less disclosure ever help except to deter speculation. Too hard a question for me.

[jaf111] 23/2/2015 10:36

On the other hand with such buoyant trading conditions in the sector a "materially ahead of market expectations" is now unlikely.......except of course with no broker forecasts such a statement would not have been possible!!!!!!!

Either way roll on the results - only a little over 3 months away.....

[shanklin] 23/2/2015 10:27

JAF111

I completely agree. Despite the regulatory change, I think it would be wise for all companies to continue to issue IMSs, even more so in the absence of any broker forecasts. However it did still provide some small comfort that CFYN would have issued a TS if they felt the H1 results gave a false impression of current trading.

[jaf111] 23/2/2015 10:24

Thanks Shanklin....understand the "if trading had changed significantly" point....nevertheless a reaffirmation that all going well never hurts especially for smaller companies!!!!

[shanklin] 23/2/2015 10:04

JAF111

I rang the company and spoke with the FD about this. AIUI CFYN just acted, unwisely IMHO, on advice that an IMS is no longer required due to regulatory change... ...a change that to me seems completely ridiculous. I commented that I thought this was an unwise decision, particularly in the absence of a broker estimate.

I was given to understand that:
- The issue of IMSs would be discussed at the next board meeting. Anybody who shares my view could perhaps also advise CFYN management of their thoughts on this;
- If trading had changed significantly since the H1 results, the company would have updated the market.

All IMHO DYOR.

Cheers, Martin

[jaf111] 23/2/2015 09:23

completely agree Shanklin.....and very surprising the management / family don't see it that way.

[shanklin] 23/2/2015 08:47

Shame CFYN chose not to issue their normal TS. Given there are no broker forecasts for CFYN, I think this was even more of a mistake than for other companies using weakened regulation to avoid issuing IMSs. All IMHO DYOR.

[corbeta] 20/2/2015 18:58

Can you tell us what staff have said about the level of sales so far this year?

TIA.

[sirhedgealot] 20/2/2015 16:09

I live round the corner from a caffyns dealership on the London southbound line. I have had the pleasure of talking to the sales staff. They run a wonderful business with a smart showroom, no doubt renumeration reflects family ownership but the is loyalty in the customer base.

[prop_joe] 19/2/2015 09:37

Hopefully good Pendragon results earlier this week provide a promising read across to CFYN?

[sirhedgealot] 16/2/2015 14:13

Then I was filled....

[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.