Caffyns Share Discussion Threads

[ed 123] 30/7/2009 12:15

AGM statement has been released.



In July, our new car sales are over 40% up on last year. We have new car orders in hand for delivery in the new registration month of September which are double the level at this time last year.

We continue to make good progress selling used cars and unit sales are up 17% on
a like for like basis in the quarter to June and gross profit margins are
significantly improved.

The cost reduction programme which was a crucial element of our overall strategy
has continued and costs in the quarter to June are GBP0.7m lower than in the
previous year and we are on track to deliver an annual saving in excess of
GBP2.5m.

Brilliant statement. Market is unmoved. I've picked up a few more.

Besides the excellent current trading performance, Caffyns has very strong asset backing. The finals in May 2009 recorded £7.30 per share of net tangible assets, as against a share price of £3.60 today.



Shareholder, Newfortress Holdings / London Trust has been agitating. There are only about 2.8 million shares, making the market cap. around £10 million. So, very small for a fully listed company and probably the reason it gets little attention. However, that asset backing, combined with trading performance makes it a very good investment, imho. dyor.

[ed 123] 19/5/2009 09:35

I'm a holder here.

They are reducing costs and paying down borrowings. Not sure if this will be enough for them to maintain the dividend. If held, that would give a 6% annual dividend at today's share price (400p). They're sound enough (eg. asset base) to hold, imho. That would be a big contrast with elsewhere. It depends if they want to play things cautiously or not. We'll find out on 29 May.

[dcomd99] 19/5/2009 09:15

Where is everybody? This share has almost doubled in the last few weeks, and nobody cares.

[dcomd99] 27/3/2009 20:08

See, it helps to talk. Seems to have helped this share anyway. Perhaps somebody has noticed the tiny price to net tangible assets (most of which were last valued in 1995)

[dcomd99] 12/1/2009 07:43

Anybody here?

[fryern] 08/2/2006 15:37

So who is Faisal Al-Yousef???

[ed 123] 23/11/2005 11:01

Interims to be released on Friday. The costs of the Rover issue are already in the accounts and there should be further progress reported regarding the affected garages. Trading performance should improve as these changes bed down. Loads of tangible assets. I'd buy the Company if I had the resources. Value will come out in its share price one day.

[ed 123] 08/11/2005 10:12

Interims come out on 25th November. It still amazes me how cheap (tangible asset valuation or p/e valuation) these are. I've added to my holding recently. It wouldn't surprise me if a bid came along for the whole Company.

[ed 123] 14/9/2005 22:42

Yep! Awake and strolling downhill! Nil shares traded today, share price down 5 p !!!!!

Oh well, such is the lot of the value investor.

[bigchrisrogers] 14/9/2005 21:20

Is this share waking up now?

[ed 123] 10/8/2005 08:26

At last a bit of movement.

I've always thought this listed minnow would receive an offer - net tangible assets exceed market capitalistion by a good distance.

Where are all the value investors?

[ed 123] 05/8/2005 15:20

Shhhhhhhhhhh! ...........

Sleeping share price. ..............

DO NOT DISTURB!


Meanwhile, the other motor traders are awake and running.

Anyone think it's time to rouse Caffyns from its slumber?

[dellandave] 16/4/2005 14:31

anyone of the view that this drastic fall in price is an over reaction to the Rover news and therefore presents as a good buying oppertunity?

[skyracer] 04/3/2005 08:21

Pity. Down 90p at the moment, even Reg Vardy's trading statement didnt produce such a fall. Perhaps a buying opportunity for long term holders. I think will just hold.

[ntv] 17/2/2005 11:20

having another go

[chester] 16/12/2004 10:42

Thanks NTV. I did actually take some profits yesterday.
I've always respected your posts on threads NTV, is there anything else that catches your eye anywhere at the moment ?

[ntv] 15/12/2004 21:49

wd chester

[chester] 15/12/2004 10:12

Breakout confirmation

[chester] 14/12/2004 15:55

looks to be breaking out here, but little volume.

[paddyfool] 09/12/2004 09:05

ntv do you know Simon Caffyn?