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Share Name Share Symbol Market Type Share ISIN Share Description
Cambria Automobiles Plc LSE:CAMB London Ordinary Share GB00B4R32X65 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 82.50 81.00 84.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 524.0 10.2 8.2 10.0 83

Cambria Automobiles Share Discussion Threads

Showing 751 to 775 of 975 messages
Chat Pages: 39  38  37  36  35  34  33  32  31  30  29  28  Older
DateSubjectAuthorDiscuss
22/11/2017
10:09
Zeus; Adj. EPS +4% ahead, +10% YOY Cambria has delivered a robust FY 2017 performance, which was marginally ahead of our forecasts at the adjusted PBT level. We are maintaining our recently downgraded estimates on the back of these results as we anticipate a more difficult market backdrop across the sector particularly in new cars as we move into 2018 and beyond. That said, we remain confident in the medium-term investment case, the company has a strong balance sheet with some exciting new brand partnerships coming up in the near term. § Final results: Cambria has delivered a FY adjusted PBT of £11.3m, which compares to our forecast of £11.2m and is +6.6% YOY. Operating margins increased by 10bps during the year after it continued to benefit from overhead leverage. Operating costs as a % of revenue fell from 9.8% in 2016 to 9.5% in 2017 showing good cost control. Interest costs were £0.2m lower than we forecast, which helped to deliver the marginal beat to adjusted PBT. Adjusted EPS was +10.1% YOY and 4.4% ahead of our forecast, with the dividend bang in line with our forecast of 1.0p which was +11% YOY. § Key drivers: New vehicle revenue was +3.7% YOY, at £308.7m vs. £297.4m last year. This was a good performance in the context of a -11.7% drop in sales volumes. This was offset by a +25.7% increase in average profit per unit, which was enhanced by the strengthening brand mix. Used revenues were ahead in absolute terms on a YOY basis by 4.9%. Units sold declined by 6.1%, which was partly driven by the closure of Swindon Motor Park, which was a high volume used car operation. The gross profit fell by £0.2m in absolute terms to £23.5m, albeit the profit per unit increased by 5.6%. Aftersales revenue increased by 9% to £71.4m or +2.9% on a LFL basis, with gross profit improving 1.7% to £27.8m, which was a £1.2m positive movement. Aftersales margins were diluted by 180 bps during the course of the year as the parts component of the revenue mix increased. § Forecasts: We updated our forecast assumptions following our sector review, where we have made more conservative assumptions given the deteriorating market backdrop. Our net debt forecasts have been revised to account for the phasing of large capital projects that should complete in 2018E and 2019E. § Valuation: While trading conditions have no doubt got more difficult, we remain confident in the Cambria story longer term, and believe it remains well positioned to deliver £1bn+ of revenue over the medium term. As we are seeing across the sector at present, near term valuation multiples are depressed, and the current market capitalisation of the Group remains at odds with the >£80m invested freehold asset base.
davebowler
22/11/2017
08:06
I'll say it again if you like!
eggbaconandbubble
22/11/2017
07:17
Results no worse than expected.
eggbaconandbubble
22/11/2017
07:17
Results no worse than expected.
eggbaconandbubble
21/11/2017
10:53
Results day tomorrow I believe.
mortimer7
06/11/2017
09:16
SMMT figures out today for October UK New car Registrations. Down 12% compared to October 2016, citing low consumer confidence & lack of clarity in government policy on diesels as significant factors.
mortimer7
05/10/2017
17:43
Fwiw a big broker downgrade to forecasts on CAMB today. I think circa 20%.
horndean eagle
05/10/2017
09:07
The UK new car market declined in September, with 426,170 new units registered, according to figures released today by the SMMT. Registrations fell by 9.3% vs September 2016. Looks like the Motor retailers will be increasingly reliant on the Aftersales & Used car revenue for the forthcoming months.
mortimer7
26/9/2017
19:14
Up quite a bit lately. Anyone adding
swiss paul
05/9/2017
09:13
Figures are out from SMMT this morning for new car registrations in August. Total 76,433, which is a decrease of 6.4% compared to August 2016. SMMT commented: "August is typically a quiet month for the new car market as consumers and businesses delay purchases until the arrival of the new number plate in September. With the new 67-plate now available and a range of new models in showrooms, we anticipate the continuation of what are historically high levels of demand". Cambria Autos also issued their trading update today - Trading for the 11 months to 31 July 2017 is in line with expectations. https://www.investegate.co.uk/cambria-automobiles--camb-/rns/trading-update-and-notice-of-preliminary-results/201709050700037906P/
mortimer7
04/8/2017
09:14
The SMMT figures for UK new car registrations for the month of July have been issued this morning. Registrations are down 9.3% year on year at 161,997, back to levels last seen in July 2013. Diesel regns were down 20.1%, Alt. Fuels vehicles up 64.9%, Petrol down 3%. So looks like Used vehicles & Aftersales focus is going to be key for Motor retailers for a while. But considering the vehicle parc that has been built up over recent years & the acquisitions made this should not be too big an issue IMO. SMMT CEO Commented "While it’s encouraging to see record achievements for alternatively fuelled vehicles, consumers considering other fuel types will have undoubtedly been affected by the uncertainty surrounding the government’s clean air plans. It is important to remember that there are no plans to charge drivers using the latest Euro 6 models and no proposed bans for conventional petrol and diesel vehicles for some 23 years. The lower demand in recent months will inevitably mean competition from manufacturers will intensify and it will be a good opportunity for consumers to get a great deal on their next car, with many exciting new models launched in the coming months".
mortimer7
05/7/2017
09:05
Figures are out from SMMT this morning for new car registrations in June. Total 243,454, which as expected by the market is a decrease of 4.8% compared to June 2016. However, the 6 months to June total still represents the 2nd highest half year total ever recorded.
mortimer7
05/6/2017
09:08
The anticipated dip in new car registrations was confirmed for the month of May this morning as SMMT figures show a drop compared to May 2016:- "UK new car demand falls -8.5% in the month as buyers hold back ahead of June general election, with 186,265 cars registered"
mortimer7
12/5/2017
21:02
Any feedback from anyone regarding davidosh's meeting and call?
effortless cool
12/5/2017
21:02
Wilmdav - the upgrades came through after the interims.
effortless cool
11/5/2017
11:48
I have just updated the CAMB page of this website and note that the consensus forecasts have been raised by about 6% since my last update a few weeks ago. Whether that happened before the interims or after I do not know. I suspect many of us here expect these forecasts to be exceeded, particularly those for 2018 and 2019, if only on the grounds of past management performance. Http://www.david-wilmshurst.co.uk/camb/camb_data2.htm
wilmdav
10/5/2017
07:15
davidson, Thank you for the offer, but I am unavailable too. In addition to JAF111's questions, I would like to understand the expected benefit to aftersales revenues and margins once the Welwyn Garden City workshop is fully up and running again.
effortless cool
10/5/2017
07:04
Am away Davidosh....Questions for me relate to 1. Prognosis assuming flat car market 2. Timing of future acquisitions 3. Impact from any tightening of PCP regulations....is PCP the next PPI scandal and is CAMB exposed?? 4. Brexit impact
jaf111
09/5/2017
20:23
Solid growth. I was, however, a little confused by the statement that "We are therefore confident that the full year results will be slightly ahead of the current market expectations" given that they also said "Trading in the combined months of March and April was in line with previous year". I'd have thought that an "ahead" projection would have needed more than a flat March and April?
rp19
09/5/2017
17:43
I can confirm that I have also arranged a conference call with Mark Lavery and James Mullins @ 4pm tomorrow. They will talk us through the results presentation and will be able to answer any questions so let me know if any of you want to join that one ?
davidosh
09/5/2017
09:56
Solid set of interim results out today, underpinning their ongoing success. Very impressive how the management team seem to be in tight control of this business. Positive outlook as well with CEO stating today "We are therefore confident that the full year results will be slightly ahead of the current market expectations". Share price up modestly by 5% to 73p this morning, with surprisingly little volume.
mortimer7
08/5/2017
14:13
Would any of you like to attend a lunch presentation with the directors on Wednesday at 12.30 in london ? Just mail me via mellomeeting.co.uk
davidosh
08/5/2017
09:03
Interim results to 28th Feb due tomorrow. After the pre close update in March we already know they are ahead year on year. Last year on interim results day the share price opened at 70p & closed at 79.5p. I doubt there will be anything like that this year, but you never know!
mortimer7
04/5/2017
10:33
I expect this was responsible for the slight blip in share price, reported first in the Times. Https://www.thesun.co.uk/motors/3458353/fears-of-uk-car-financing-industry-crash-as-claims-surface-of-loans-mis-sold-to-poorer-customers-who-cant-afford-to-repay/
wilmdav
04/5/2017
10:31
Thanks for those updates.
effortless cool
Chat Pages: 39  38  37  36  35  34  33  32  31  30  29  28  Older
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