Cambria Automobiles Share Discussion Threads

[mortimer7] 08/9/2014 09:17

"Full year results expected to be ahead of current market forecasts".
RNS seems to have provoked a fair bit of buying activity today.

[olded] 08/9/2014 07:56

Set to exceed expectations again! Can't really say it much better than that. Well done CAMB!

[olded] 05/9/2014 07:50

thanks davidosh & Mortimer 7 for the insight. I suspect CAMB update will be excellent, as has been the case for some time. I agree, they should be significantly ahead of the general market, especially with their new sites etc. Look forward to the update and reassuring it's not been released today!

[davidosh] 04/9/2014 11:41

Fruitninja....the share price is the same as it was at the start of 2014 and is within 10% of the high it reached in March so I would hardly accuse the share price of tanking !!

I am sure the CAMB sales are still well ahead of the SMMT figures and they also added the new dealerships three months ago so next figures should be very positive IMO. They will probably issue an update on Monday morning as positive news tends to come out early in the week and weak news on Fridays so I am sure they will have been advised to release then if timing like last year.

September is an important month with new regs

[mortimer7] 04/9/2014 10:37

SMMT New car registration figures are out for the month of August today:
72163 new cars registered in August, a 9.4% rise on August 2013 and the 30th consecutive month of growth.

CAMB financial year runs Sept to Aug, and throughout that period the SMMT figures show a 10.5% year on year rise in new car regns.

CAMB interims to 28 Feb 2014 stated their new vehicle sales were up 17.1%, so well ahead of the average at that point.

As a point of interest, it was from this time last year that the share price started to move upwards:-
31/5/2013 32p
31/8/2013 32p
30/11/2013 47p
28/2/2014 50.5p

[fruitninja84] 29/8/2014 13:20

Just got this dog out of my portfolio, done nothing but tank since I bought in earlier in the year,

[mortimer7] 28/8/2014 18:58

CAMB issued a trading update on the first working day of September last year after their fin. year end on 31st Aug.
Hopefully they'll do so again this year - on Monday, as I expect it will be really impressive.

[nbudh80] 13/8/2014 07:35

Superb update from Lookers this morning.

[mortimer7] 12/8/2014 18:57

This bodes well for CAMB coupled with what we already know about how they're performing:-
The average dealer saw profits rise 19.7% to £140k in half one of 2014 compared to the same period last year....
hxxp://www.motortrader.com/automotive-news/average-dealer-profits-rise-20-first-half-140k-update/

[nbudh80] 11/8/2014 08:56

Looking forward to the next update here, should be superb as has been the case for some time with CAMB.

[davidosh] 10/8/2014 12:54

UK New Car Registrations still improving year on year and the SMMT figures for July show a 6.6% improvement on July 2013 at 172907 units. The 29th consecutive month of growth.

Cambria are nearly always well ahead of the average for the sector so probably 10% or so up on July 2013 and they also have the recent acquisition to add about 15% to turnover as well.

[hedley03] 24/7/2014 19:21

Camb seems illiquid. I remember 5tocko9edia stating free float was only 17.5%. Was hoping it would be moving up by now.

[nbudh80] 24/7/2014 09:26

Superb statement by VTU this morning.

[mortimer7] 10/7/2014 16:00

Cambria won a prestigious award at last nights annual Motor Trader awards in London:

Dealer Group of the Year Award Winner : Cambria Automobiles

hxxp://www.motortraderawards.com/motortraderawards2014/winners-2014#sthash.NNnIPCAf.dpuf

[davidosh] 10/7/2014 14:42

The Board is also pleased to report that the Group's trading continues to perform well in a strong new car market and that it remains on track to at least match market expectations in the current financial year


That is a confident statement with another two months still to go.

[vb79] 10/7/2014 14:29

Nice to see it break 54p which has been providing some resistance. Hopeful of a steady motor up to previous high of around 60p.

[vb79] 08/7/2014 14:05

From Paul Scott today:

Cambria Automobiles (LON:CAMB)
There's an encouraging update from this growing car dealership chain today.

The key bit says;

The Board is also pleased to report that the Group's trading continues to perform well in a strong new car market and that it remains on track to at least match market expectations in the current financial year.
There is also news of a significant sized acquisition, of a Jaguar Land-Rover dealership in North London, from Lookers. The price is £10.5m, which is being financed from bank borrowings. That's fine in my view, as it includes a freehold for about a third of the purchase price, and I also very much like the way CAMB goes for freehold sites. That way shareholders gain the upside on the appreciation of the property, as well as profits from trading in it.

Remember that a turnaround specialist like Cambrian will increase the value of the property considerably when they turn around a struggling dealership. So to pass that gain over to a property company by leasing sites, would be ridiculous. It amazes me how so many investors have a complete blindspot about freeholds, and somehow think that owning them is "inefficient". That's crazy to me. If you can make money on a property as a bonus, then why give it away by leasing the property from someone else?!

This is another situation where buying these shares you are backing management. I was impressed with the CEO when he presented at Mello.

- See more at:

[davidosh] 08/7/2014 09:47

They are buying a profitable larger scale operation as that was a very big acquisition by their average dealership turnover....three times average revenues of existing sites.

From the last finals.... the Group now comprises 27 dealerships, representing 42 franchises and 17 brands, in a balanced portfolio spanning the high luxury, premium and volume segments. Those 27 produced £395m turnover so about £14.5m average and this one just announced is £45m so adding over 10% to annual turnover.

[mortimer7] 08/7/2014 09:10

Excellent addition to their franchise portfolio getting an established Land Rover business, although I don't think it's come cheap at £5mill for goodwill if the stated estimate of PBT £0.7mill is correct.
I guess that's probably the going rate when dealing with the likes of Lookers as opposed to the underperforming smaller dealerships that CAMB have been snapping up for relative bargains.

[davidosh] 08/7/2014 08:57

I agree with Shanklin and suspect that deal was driven by the manufacturer who felt the brand in that region was underperforming and needed a more concentrated dealership as Cambria have a number of Jaguar outlets around edge of M25. Hopefully the low purchase price and opportunity to increase profit potential will be very good for CAMB

[shanklin] 08/7/2014 08:36

Reading the LOOK RNS suggests the deal may have been driven by the requirements of Jaguar and Land Rover.

[ethelwalch] 08/7/2014 08:15

That is a very significant purchase, not only because it's Lavery's first LR dealership and a licence to print money; but also because it's a change in strategy, 10.5M for a healthy business not a failing one to fix.

[graham1ty] 08/7/2014 08:09

Subdued reaction.....really no response at all ?