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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 82.50 81.75 82.50 17,860 08:00:07
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 826 to 847 of 975 messages
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DateSubjectAuthorDiscuss
06/1/2020
09:20
SMMT Figures published this morning show the number of new car units registered in the UK in December increased by 3.4% compared to December 2018. (148,997 vs 144,089). The total number registered in 2019 was 2,311,140 compared to 2,367,147 in 2018. SMMT Commentary "Despite the overall decline in 2019, the UK car market remains the second biggest in the EU, behind Germany. It is also one of the most diverse, with buyers able to choose from some 350 different models available in various fuel types and body styles to suit all driving needs. With nearly 90 exciting new generation models – 23 of them zero emission cars and 11 plug-in hybrids – set to make their showroom debuts in 2020, and some compelling deals on offer, the industry is committed to new technology that will benefit consumers and the broader environment".
mortimer7
02/1/2020
17:29
Purring nicely..... AGM / trading update due 9 January. Will be most interested to hear what signs of any recent pick-up in interest in sector. Certainly last year's performance was extremely impressive and very much hoping that their strong performance on the back of franchise changes will continue this year.
jaf111
28/12/2019
16:53
After a long (two years, nine months) gap, I have finally caught up with my modelling here, with the header updated accordingly. The honest truth is that I let the model updates drop because my forecasts were not working very well. The unpredictable revenues, low margins and changes in product mix make forecasting very challenging. Nonetheless, I thought it worth another try ....
effortless cool
17/12/2019
15:07
I bought in at 70 pence.This one is clearly the best of the lot.
hiraniha
05/12/2019
09:06
SMMT Figures published this morning show the number of new car units registered in the UK in November fell slightly by 1.3% versus November 2018. Total units registered were 156,621 versus 158,639 last November.
mortimer7
20/11/2019
09:20
Outstanding performance in the context of the UK economic & political issues. Showing the likes of Pendragon & Lookers how to do it.
mortimer7
20/11/2019
09:15
Yes, very good results in a sector where many peers are floundering. This company is, in my opinion, extremely underappreciated.
effortless cool
20/11/2019
07:27
Read the results.......WOW!
jaf111
05/11/2019
11:40
This morning, SMMT published the unit numbers for new cars registered in the UK in October. The total was 143,251 a fall of 6.7% compared to October 2018 when the total was 153,599.
mortimer7
04/10/2019
09:14
SMMT have issued the new car registration unit numbers for September 2019 this morning, which shows a 1.6% increase compared to September 2018. Total 343,255 versus 338,834. September 2018 total was unusually low due to the implementation of WLTP regulations, so whilst up this year, in context the result is not all that good.
mortimer7
05/9/2019
09:10
SMMT have issued the new car registration unit numbers for August 2019 this morning, which show a 1.6% drop compared to August 2018. Total units 92,573 versus 94,094 LY. After February, August is the UK's quietest month for registrations so the numbers in isolation aren't too significant.
mortimer7
04/9/2019
08:01
Great Trading update, Well summed up EC & JAF.
mortimer7
04/9/2019
07:30
Have to say that I was surprised, but very impressed, with the TS.....Well done management. Clearly a very interesting sector at present with 2 quality companies (CAMB and MMH) showing the market leaders (PDG and LOOK) how to do it!!
jaf111
04/9/2019
07:23
A great update from CAMB this morning: "The Group's trading performance in the first eleven-months of the current financial year to July 2019 has been significantly ahead of the corresponding period in 2018 and is therefore expected to be ahead of current market expectations for the financial year ended 31 August 2019". https://www.investegate.co.uk/cambria-automobiles--camb-/rns/pre-close-trading-update/201909040700041014L/ Their tactical response to the current malaise in the new car market - selling fewer vehicles at higher margins - is paying off handsomely, and their strategy of moving the brand mix upmarket - in particular entering the High Luxury Segment - is proving very wise.
effortless cool
05/8/2019
09:11
SMMT have issued the new car registration unit numbers for July 2019 this morning, which shows a 4.1% drop compared to July 2018. Total 157,198 versus 163,898.
mortimer7
04/7/2019
09:21
Thanks, Mortimer. Your monthly updates on the SMMT figures are always appreciated.
effortless cool
04/7/2019
09:17
SMMT have issued the new car registration unit numbers for June 2019 this morning, which shows a 4.9% drop compared to June 2018. Total 223,421 versus 234,945. Also at half year stage 2019 is down 3.4% versus 2018. Considering Brexit was due to happen in March, didn't & then the delays, plus WLTP & all the other stuff going on, I don't think this is too bad.
mortimer7
12/6/2019
16:06
Terrible RNS from Pendragon this morning. Problems of their own making. Their failings could well prove beneficial to other listed dealers in the short/medium term. Although today, everyones share price seems to be suffering a knock on effect.
mortimer7
05/6/2019
09:13
SMMT have issued the new car registration unit numbers for May 2019 this morning, which shows a 4.6% dip compared to May 2018. Total 183,724 versus 192,649. "underlying economic and political instability continues to affect consumer and business confidence".
mortimer7
09/5/2019
10:22
Agreed Mortimer....the 30% increase in average profit per unit pretty striking....and this should only be the start
jaf111
09/5/2019
10:19
Zeus; EPS upgrades Cambria has delivered robust H1 2019 performance, which was ahead of our forecast at the adjusted PBT level (£5.5m vs. ZC £5.3m). We update our forecasts to reflect this outperformance and now expect adj. PBT for the full year of £11.0m (vs. £9.9m previously). Organic earnings upgrades in this sector are rare at present, and we believe this is down to the strong execution in reshaping the portfolio towards the premium/luxury brands. We remain confident in Cambria’s ability to deliver strong shareholder value from here. § H1 results: Cambria has delivered a H1 adjusted PBT of £5.5m, which is slightly ahead of our £5.3m forecast and is +14.6% YOY. Revenues were +4.5% YOY while gross margins fell slightly by 30bps to 11.6% as a result of higher transaction prices in both new and used. During the period the Group generated an operating cash inflow of £10.9m (H1 2018: £5.8m). Net debt at the end of the period was £3.2m up from £0.4m in H1 2018. The balance sheet remains robust with net assets of £60.6m, underpinned by £69.7m of freehold and long leasehold property, or £78m including post period end investments. § Key drivers: New vehicle revenue decreased by 0.6% to £133.5m (H1 2018: £134.3m) with price increases offsetting a 23.4% (19.4% on a LFL basis) decline in sales volumes. The new vehicle gross profit margin was flat YoY at 7.2% and there was a £0.1m reduction in gross profit (£0.9m on a LFL basis). Revenues in the used car segment increased by 8.7% to £143.1m (H1 2018: £131.6m) whilst the number of units sold decreased by 8.9%. The gross profit on used vehicles increased by 1.7% to £12m (H1 2018: £11.8m), with the profit per unit sold increasing by 11.3%. Aftersales revenue was up 6.5% YoY (or 2.7%on a LFL basis) to £37.5m (H1 2018: £35.2m), and the related gross profit increased to £14.2m (H1 2018: £13.7m). § Forecasts: We update our full year forecasts to reflect the outperformance achieved in H1. We now expect adj. PBT in 2019E of £11.0m, implying £5.5m in for the second half vs. £5.0m delivered last year. We also update our cash flow assumptions to reflect updated guidance on capex, we now expect net debt at the year-end of £15.8m, going to £16.7m in 2020E, reflecting the higher levels of investment in key value enhancing developments such as the Brentwood and Solihull projects. § Investment view: 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. The changes to the portfolio as they mature should be exciting in our view.
davebowler
09/5/2019
10:01
Their progressive strategy to rebalance their franchises to the high end vehicle sector already being vindicated. Lower units sales, but PPU & subsequent GP far higher.
mortimer7
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