Cambria Automobiles Share Discussion Threads

[mortimer7] 17/10/2014 13:18

I understand why some have taken their funds out over the last couple of days, given the general market. However, I feel there are still many compelling reasons to remain a holder.

The Aftersales revenue stream to Motor Dealerships is by far the most profitable
and revenue/profits should continue upwards as new car sales have increased, and more importantly continue after new car sales peak or decline for a period of time.

8th Sept RNS trading update:
"The results for the year ended 31 August 2014 are expected to be ahead of current market forecasts". (Results 25 November 2014)

RNS on the acquisition of Land Rover & Jaguar Franchise in last quarter:
"It is anticipated that this dealership will be significantly earnings enhancing in the next financial year, 2014/15"

40% of the Company's ordinary shares are held by the CEO Mark Lavery.
I would hope any chartists would agree CAMB isn't necessarily one where conventional indicators are accurate representations.

I am unable to attend the Mello event, but if any investors/potential investors can make it to see CAMB I am sure it will be worthwhile as the depth of information presented by franchised motor dealers is always astonishing and I'm sure if the presenters are Mark Lavery and James Mullins (FD) they'll put on a good show.

[davidosh] 17/10/2014 02:04

Just to let you all know that Cambria will be exhibiting and presenting at the Mello2014 investor event in Derby on Friday 7th November and at least two directors will be there to answer investor questions www.mello2014.com

There are nearly 60 companies presenting and over 20 really excellent keynote speakers through the three days so well worth a visit. I have a tiny few half price tickets left if anyone cares to email me.

[rp19] 16/10/2014 21:23

Sounds as if you've done really well out of Camb and I can see why people are banking profits. I'm fairly new to the party, so obviously hoping for further gains. As you say, the statements are very positive, they are looking to acquire and there is also the after sales revenue stream to take account of. The wider market malaise is clearly not helping at the minute. Other negatives are the drop below 50p as you point out and although i have a limited understanding of charts I note the 50 and 200 day moving averages have crossed which will be a sell signal for some. I've got a fairly long term outlook and am sitting tight at the minute and will consider adding on further weakness. Hope your other investments have treated you as well as camb.

[gohilster] 16/10/2014 13:15

I've sold out today having held CAMB for a long time; far too long really. The fact it started to break well below 50p support was too worrying for me. Despite superb statements from the company, the share price has gone nowhere and therefore in my view downside is more likely than up going forward. Strong car sales etc won't last forever and if the share price can't push higher in good times with great updates, who knows where we'll end up. Long term it could all work out great. But for now I feel more comfortable out with the cash to hand. Good luck holders.

[gohilster] 15/10/2014 07:45

Superb interims from VTU this morning which bodes well for CAMB. Their outlook statement reads:

Commenting on the results, Robert Forrester, Chief Executive, said:

"The Board is delighted with this record first half performance. Recent acquisitions, the Farnell Land Rover business particularly, have made a strong contribution and the core business continues to benefit from management success in improving returns in the used car and servicing areas. We continue to deliver on the Group's strategy to recruit and retain motivated and talented people in every dealership to ensure the business is management driven not market driven."

"With the team we have in place, with the recently acquired businesses which should improve as our operating model is implemented, with a strong balance sheet and a healthy pipeline of acquisition opportunities, your Board looks to the future with confidence".

[gohilster] 12/10/2014 08:46

Thanks Mortimer7; very reassuring stats.

[mortimer7] 06/10/2014 09:04

Good news again for dealer groups with SMMT new car registration figures out for month of September this morning:
425,861 new cars registered in the month, a rise of 5.6% on September 2013 and the biggest September since 2004.
New ‘64’ numberplate boosts volumes, with September marking the 31st consecutive month of growth in the new car market.
Registrations for the year-to-date reach 1,958,196 – up 9.1% on January-September 2013.

[pj 1] 29/9/2014 19:36

Lower?

9 months of consolidation, the chances are when this breaks either way it will be a big move

Better DMOR ! :-0

[fruitninja84] 29/9/2014 18:52

I'm looking to get back in here at a lower price :)I'm hoping for 45 p or cheaper haha great share just unloved by the market ...

[saucepan] 18/9/2014 21:12

From a technical perspective, the longer a chart consolidates horizontally: the greater the chance of a strong breakout in the direction of the previously prevailing trend (pause for breath, coiled spring, etc.).

I think the odds are good of that happening here, considering the fundamental story - and that was a main consideration behind my own decision to buy in recently.

I do, however, think 50p is an important line in the sand and I personally would be concerned if that level failed now.

[rp19] 18/9/2014 20:52

Hi Graham, take your points. Suppose whilst we are treading water (saying that, price is up 50% on a 52 week basis) it gives people a chance to add to their positions. Something I am looking to do.

[graham1ty] 18/9/2014 14:32

RP19, sorry only just seen yr reply. A "beat expectations" is usually enough to lift up into the radar....broker upgrade is enough to get them calling their clients....yet nothing

[olded] 11/9/2014 16:44

Nice to see the share price in the blue amidst a lot of red today.

[rp19] 11/9/2014 16:13

Graham - I think CAMB is flying under the radar for most, but like you infer I think the share price has to catch up at some point. A poor six months for AIM in general probably hasn't helped. Any sort of significant share price weakness and I'll be adding.

[saucepan] 11/9/2014 15:54

Hi folks. I have opened an initial position here - having followed with interest after hearing the Company present at the Mello event earlier in the year.

The fundamental case is strong. The shares have consolidated for a while, so I hope they have gathered strength for a significant up move some time soon. I do, however, think it is important that 50p holds.

I don't have an issue with the director sale: the reasons seem genuine enough.

[graham1ty] 11/9/2014 15:19

Extraordinary lack of reaction to trading statement and eps increases. Unless there is another seller....Eps forecasts up nearly 10% and shares flat.

[hedley03] 09/9/2014 15:33

The problem is the free float is only 20% of total shares.

[davidosh] 09/9/2014 14:56

It will be interesting to know when he was given the permission to sell as a director and how long it took just using the market. Normally one would expect the broker to arrange this outside of the market and at a slight discount to complete it in one painless trade.

[olded] 09/9/2014 08:03

The director wanted to sell and get the best price at the moment to fund his home building project. No big deal. See it as positive because it explains the recent weakness of late and nothing sinister happening. So onwards and upwards from here. No nasties in the update and confirmation the interims will be superb, again. Happy holder!

[graham1ty] 08/9/2014 20:55

Think that is pretty bloody awful: selling into a positive trading statement. I wonder whether all the buyers in the market were told that there was Director's stock coming out ? That is a big enough chunk that if the house brokers had been asked to place it in the ordinary course of business, he would have been bid 45 ? 47 ? Not much more, considering how illiquid.

Instead, punters buy all day, cannot understand why there is no movement, then see a bloody great Board sale.

I suppose the only positive is that those buying later in the day were still only paying c53p. Without the sale might have been 58p

I am very suprised the NOMAD approved that ( I was a NOMAD)

[fft] 08/9/2014 17:51

Director sell. Allegedly for family / house reasons. Hopefully no more from this source and overhang cleared. Explains why it was so easy to buy.

[olded] 08/9/2014 13:22

From Paul Scott today:

Cambria Automobiles (LON:CAMB) - There's a nice trading update today;

...the Board is pleased to report that the Group has continued to perform well and that the results for the year ended 31 August 2014 are expected to be ahead of current market forecasts.
Current trading sounds good too;

Heading into the important September trading period, the Group's new car order book is ahead of the same point last year, reflecting the continuing strength of the new car market. The Board continues to view prospects for the new financial year with confidence.
The shares look pretty good value to me, but as always please be sure to DYOR.

[davidosh] 08/9/2014 11:49

There really must be a large seller in the background as 300k have gone through with pretty much 99% buyers this morning.

[sjc] 08/9/2014 11:47

All buy trades today I think, perhaps shorters closing .