Caffyns Share Discussion Threads

[manrobert] 26/9/2014 07:18

hi 3800 I take your point,they just seem so cheap.

[3800] 25/9/2014 21:20

Hi manrobert I don't think it's as simple as that, the family holds a controlling interest of the voting preference shares while the like of me and you hold the ordinaries, any takeover would be only with their approval. if it wasn't for the complicated nature of the company structure I feel the share price would undoubtedly be more.
3800

[manrobert] 25/9/2014 20:44

if the directors cant get this price up they are going to be sitting duck in a takeover bid

[manrobert] 11/8/2014 09:10

can now buy and sell 250000 according to selftrade but obviously not really possible,

[lanzarote666] 10/8/2014 18:25

Same sector VTU, positive write up with Midas today

'Many cars bought in the UK are made on the Continent and when the pound is strong eurozone car makers pass the savings on to buyers to stimulate sales.'

[spooky] 08/8/2014 23:03

No i don't think there was a mistake, if you ask for a quote the system often suggests that large trade sizes are available but when you actually enter the large size indicated, they will not let you trade. Market maker games.

[manrobert] 08/8/2014 20:36

3800,yes that seem a reasonable explanation,

[3800] 08/8/2014 20:30

With only 3 million shares in issue I think it's more likely that selftrade has made a mistake rather than is offering 12% of the company in one online trade.
3800

[manrobert] 08/8/2014 18:22

it was 250000 yesterday when I bt and also earlier today so they often change it,

[3800] 08/8/2014 18:01

Manrobert, that's were I looked just before I posted, it showed 100 shares available to buy at 590
3800

[jimjones1] 08/8/2014 16:46

Just wanted to say a HUGE thank you to everyone who has helped me out so far.

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[manrobert] 08/8/2014 16:27

3800,when you deal on line with selftrade it displays the number of shares you can buy or sell at the quoted price,

[3800] 08/8/2014 15:19

Where you have got that info from manrobert?
3800

[manrobert] 08/8/2014 14:09

agree you cant normaly buy more than a 1000 shares so was a bit surprised when you can suddenly buy 250000,

[miikke] 08/8/2014 13:36

Interesting- this in my view a super little stock BUT does tend to be rather illiquid especially when it comes to selling

[manrobert] 08/8/2014 12:50

according to selftrade you can buy 250000 but only sell 525???

[corbeta] 06/8/2014 15:58

I don't blame you - I wish more potential buyers would read this! (released today).

More than 170,000 cars were sold in the UK last month, the highest figure for July since 2007, according to the Society of Motor Manufacturers and Traders (SMMT).

The faster-than-expected growth so far this year has led the SMMT to predict the best year overall since 2004.

It estimates 2.45 million new cars will be sold in 2014, an 8.1% rise on 2013.

Economic confidence and attractive finance deals are driving the growth, says the SMMT.

So far this year, the market is up about 10% to 1,460,000.

[manrobert] 06/8/2014 13:54

just dobled my holding at 587

[jaf111] 24/7/2014 17:35

Been out all day on the golf course so missed the IMS....

Certainly agree with Paul Scott that the IMS is not as clear as it could be....but overall trading pretty satisfactory....

The real point about CFYN though is its value compared with the other car dealers......I said "ridiculously cheap" yesterday but will happily concur with "strikingly cheap".

Usually companies on PE ratios of around 6 have major financial issues.....certainly don't think this is the case here so continue to see a major re-rating once the market wakes up to this anomalous situation.

[lanzarote666] 24/7/2014 14:30

'Looks strikingly cheap to me'

Paul Scott has a write up on his daily -opedia Small Cap Value Report.

Any news from the AGM?

[lanzarote666] 24/7/2014 07:43

IMS today;

'The Company has made an encouraging start to the current financial year, which ends on 31 March 2015. In the trading quarter to 30 June 2014 (the "Quarter") we increased new car unit sales on a like for like basis by 3.9%, despite four of our thirteen showrooms being out of commission due to refurbishment upgrades. Used car unit sales increased on a like for like basis in the Quarter by 14.2%, on top of a strong increase in the corresponding period of the previous year of 18%'

I see that VTU also has a 'trading ahead' statement released this morning. Seems that the sector is going well.

[jaf111] 23/7/2014 10:50

AGM tomorrow.....looking forward to another positive statement......

A reminder of the Outlook from their Final Results (30 May)

Outlook

The growing economy in the UK and improved consumer confidence has led to continued growth of the new car market. There are signs that some European markets are also recovering but manufacturers continue to see opportunities for further growth in the UK and continue to support our market with strong consumer offers. We are also seeing strong and sustained growth in our used car sales and the resultant increase in the size of our overall customer base will generate growth in our aftersales operations.

Our improved profitability combined with our excellent franchise representation in larger and more efficient premises leaves us well placed to take advantage of these improved economic conditions.

[coolen] 22/7/2014 22:07

Not related to the share price fall perhaps, but recent press obituaries included the widow of a "Sir Edward Caffyn".

[lanzarote666] 22/7/2014 17:41

Just an opportunity to pick up a few on the cheap me thinks.

Back to the lower trend line, P/E of 7, compared to others in the sector on P/E's of 11-13 and follows director buying at 615 and 630 last month.

With the money spent on new showrooms I expect increasing revenues. 800p fair value?

What chance of a larger player taking them over?

[shanklin] 22/7/2014 12:10

Well this is a PITA.