Cambria Automobiles Share Discussion Threads

[fruitninja84] 25/11/2014 20:34

I bet if the NT states that he bought in this week on his website tomorrow it will take off back up to 60p

[thewheeliedealer] 25/11/2014 18:18

Hi all,

I just put up a Blog on my Main Website giving my Rationale for why I topped up on CAMB today. I got a bit carried away but hopefully you peeps will appreciate it.

wd

check it out at

[wokingblade] 25/11/2014 18:04

Topped up ahead of results, needn't have rushed it seems, but think the numbers look very solid.

WB

[mortimer7] 25/11/2014 16:14

Spread seems wide today at 47/50. Discouraging to buyers?

[mortimer7] 25/11/2014 12:00

The aftersales revenue drop is attributed to one specific spare parts trade customer. In my experience, these are usually very low margin customers which very often prove to be not viable to dealers once factoring in delivery costs.
Better off focusing on Service Department revenues which are increasing.

"Overall, the service and bodyshop elements of the business increased the number of hours sold by 3.4% and the total aftersales gross profit by £0.8m to £23.9m. The combined aftersales revenue decreased 1.4% year on year from £56.6m to £55.8m, as a result of a £3.5m year on year variance in the parts business which was attributable to one specific trade customer. The other areas of aftersales increased their revenue. The aftersales margin increased from 40.8% to 42.9%, due to the reduced mix of Parts revenue relative to Service revenue. The aftersales departments contributed 43.3% of the Group's overall gross profit"

[mach100] 25/11/2014 10:46

Yes, very pleasing results. I think the big sell by the director to fund a property had knocked the share price a little. The 20% hike in divi is very welcome.It is a pity to see a slight drop in aftersales operations in comparison with the previous period but I see this was compensated by an increase in margin.

"The aftersales operations contributed 43.3% of the total gross profit for the Group, compared to 45.1% in the previous period, at a gross profit margin of 42.9%, improved from 40.8% in the previous year."

Plenty to like though and would be great to see it purr past 50p in the near term. Undervalued.

[djabel666] 25/11/2014 10:29

Excellent results all round. I hold and have added today to my portfolio. By the way I saw on Twitter that Wheeliedealer has been buying CAMB this morning. DYOR

[mortimer7] 25/11/2014 10:21

Positive coverage of todays news in Paul Scotts stockopedia report today:
hxxp://www.stockopedia.com/content/small-cap-value-report-25-nov-2014-tpt-bar-hvn-camb-88058/?comment=1#1

[mortimer7] 25/11/2014 08:44

Outstanding results, giving further credibility to the investment case.
Outperforming sector in revenues, dividend paying (increasing), improving on last years bottom line profit, and great start to current year.

[graham1ty] 25/11/2014 08:41

Really surprised this has not reacted. They are still below where they were when there the profit upgrades. I know there has been a seller of c1.5m at about 47p but if thatbstock cannot be soaked up after upgrades and good results, then not sure what would make this move.....

[jaf111] 25/11/2014 07:56

yes all good here....esp like this

"The new financial year has started strongly with the Group's performance in the first two months being both ahead of our business plan and significantly ahead of the year under review"

So 5p for current year definately on the cards....60p should be well within reach!

[funkmasterp12] 25/11/2014 07:15

Class act!

[jaf111] 24/11/2014 16:28

Have been buying more CAMB over past week in the hope / expectation of strong results....fingers crossed market will respond positively tomorrow!

[jaf111] 24/11/2014 16:28

Have been buying more CAMB over past week in the hope / expectation of strong results....fingers crossed market will respond positively tomorrow!

[mach100] 24/11/2014 16:16

Some buying pressure Mortimer. Given how good key September sales were and all preceding months, I would be surprised if we have any disappointments tomorrow. I know they make a lot of money from after-sales service. I am surprised it has retraced to this level. Just over 6 weeks ago we were told the results would be ahead of expectations. The company tend to use cash for expansion so I suppose the best we can hope for is a small increase in the dividend.

[mortimer7] 24/11/2014 16:04

Results day tomorrow.
On results day last year (26/11/2013) share price opened at 44.5p and closed up 8% at 48p.
Astonishingly, considering the profits delivered in the last year, the latest buy today was at 47.85p.
Surely there has to be potential for a rerating, and I wonder if tomorrow will be the catalyst.

[rp19] 20/11/2014 19:41

Has been easy to buy a good way below the published ask for a while now. Overhang?

[rp19] 20/11/2014 13:27

V short interview clip with CEO from the recent Mello investor event:

[...]

Edit - I struggle with these links on ADVFN. Following should work (maybe)

[graham1ty] 20/11/2014 11:15

Tipped in today's Shares mag with target price 84p ahead of the figures next week

[jaf111] 20/11/2014 08:44

Just a reminder results out next Tuesday....very hard to see why CAMB has under-performed the sector over the past 12 months. Hopefully the results will get the shares moving. Very conservative 4p eps estimate which should be easily exceeded and 5p+ on the cards this year with car sales still rising.

[mortimer7] 06/11/2014 19:06

Also, note todays RNS advising the appointment Zeus Capital Limited as Joint Broker.

[mortimer7] 06/11/2014 18:59

I don't think there are any fundamental concerns, but I believe a couple of factors have caused the share price to drift. The announcement Sir Peter Burt had disposed of 850k shares (to fund the building of a property) on the same day as the excellent trading update in September took the wind out of the sails. As CAMB are relatively illiquid, this hampered matters.
After the markets had a hiccup in mid October, which spooked a few to sell and drove the share price downwards, subsequent low transactional volume has meant that the share price hasn't really recovered from these incidents.
Hopefully the presentation around midday at the Mello event in Derby tomorrow will stimulate some buying interest. Failing that results are on 25th November and I expect the good news from those coupled with the Sept/Oct trading update will help move things upwards.

[graham1ty] 06/11/2014 13:50

Mortimer, I remain puzzled that the share price is lower than the September update and forecast increases. I know the Market has been a bit dodgy since then, but CAMB has been falling in the last couple of weeks....after the Market bounce. And yet another set of good figures for car sales....

[mortimer7] 06/11/2014 10:50

SMMT New car unit registration numbers out for October today. A massive year on year growth of 14.2%:
New car registrations jumped 14.2% in October to 179,714 units, marking the 32nd consecutive month of growth. 2,137,910 cars registered in the year-to-date –first time the market has passed two million in October since 2007.

[mortimer7] 28/10/2014 11:25

Interim results from sector peers, Inchcape last Thursday and Lookers today have both been well received seeing decent uplifts in their share prices.
Bodes well for CAMB and implies the time to buy may be before next months results.