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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 81.50 82.50 0.00 08:00:00
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 901 to 923 of 975 messages
Chat Pages: 39  38  37  36  35  34  33  32  31  30  29  28  Older
DateSubjectAuthorDiscuss
04/6/2021
14:45
This Monday on the Mello soapbox a fund manager speaks out regarding all the lowball offers... Soap Box..... Are cheap bids stealing good British companies….and are Boards protecting shareholders? Https://melloevents.com/mellomonday7thjune/
davidosh
04/6/2021
09:27
SMMT have announced the total number for New Car registrations in the UK for the month of May as 156,737. May 2020 was 20,247 and May 2019 183,724.
mortimer7
02/6/2021
16:26
No-one believes Lavery will get it away at 80p... he'll either have to bid higher, pull out, or the bid will fail to get enough acceptances. In all three circumstances the shares *should* be higher as a result.
gdjs100
02/6/2021
15:50
Taken from the 17 May RNS: "Such an offer, were it to be made, would be at a price of 80 pence in cash per Cambria share, which the Board of Cambria would be minded to recommend". Mark Lavery, who is behind the MBO, already has a 40% shareholding. The current mid-price is 83p and there is a market to sell up to 75,000 shares at 82p. Hence, there is clearly significant buyer demand at prices above 80p. Does anyone have any ideas as to what is going on?
effortless cool
21/5/2021
11:31
On the Aftersales gross margins: Just a guess, but in the absence of any specific data in the financials maybe CAMB Aftersales are more weighted towards parts sales than VTU & LOOK. Parts Dept margins are far lower than Service, so the more weighted towards parts sales, the lower the overall Aftersales margin. Internal revenue is shown on the published financials.
mortimer7
20/5/2021
14:43
Good questions, mm84. I'm afraid I don't have good answers, however.
effortless cool
20/5/2021
14:35
Does anyone know why Cambria has lower aftersales gross margins in comparison to Vertu or Lookers? I understand the difference to Pendragon as Pendragon compares the gross profit to the revenue coming from external customers whereas the other two compare it to both internal AND external customers. Could it have something to do with scale advantages? By the way, does anyone know what the internal (or inter-segment) revenue is? Comments?
mm84
17/5/2021
18:00
Agreed, molatovkid. It suggests a weak board, very much under the thumb of the CEO.
effortless cool
17/5/2021
07:40
Whilst I am not familiar with the background here, a board recommended offer less than the market price seems a bit much.
molatovkid
14/5/2021
22:28
I would argue that the current price being above the £0,8 mark says nothing about what's going on in the heads of the management team. If we were to take the market's opinion as a guide we would all be believing in the efficient market theory.
mm84
14/5/2021
11:29
Indeed Mortimer.....and with share price edging up further (82.2 / 84p) a higher offer must be more than a possibility.....
jaf111
14/5/2021
10:59
offer deadline day on Monday: "Accordingly the Management Team must, by no later than 5.00pm on 17 May 2021, either announce a firm intention to make an offer for Cambria in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer...
mortimer7
06/5/2021
17:32
Further to my post 487 more reported trades above the 80p indicative bid price.....inc 58,000 share @ 82p & 77,802 @ 81.5p. Maybe things about to get interesting??????? 17 May deadline so not long to wait........
jaf111
05/5/2021
12:38
I don't know. Maybe it's wishful thinking but in order to get to 75% to allow them to delist they would need to get 56% of external shareholders to vote in favour. Can you see that happening at 80p? I'm not sure I can. In order to get to 90%, for the squeeze out, they'd need 83% of external shareholders to accept.I take your point on the price being stuck to 80p but I think that's not necessarily due to perceived certainty that it'll go through, more like a floor on the price (if it does go through). People are paying 81p today but there is no size available to purchase from market makers at all as they do not wish to be taken short and there are no sellers around.
gdjs100
05/5/2021
12:00
Thanks for clarifying. I think that your conclusions are correct but that the outcome you describe is very unlikely. As JAF111 says, the market is telling us that the MBO is likely to succeed. It would be nice if we could flush out a rival bid but, with the CEO holding 40%, I think that is highly improbable. As to financing, I assume that they are talking to PE and/or institutional investors, for whom £48m is small fry.
effortless cool
05/5/2021
11:39
Hi EC, That wasn’t quite what I meant. If they make an offer of 80p, and get past 50% pledged ownership but not 75%, we’ll have a freely floating company, but I believe those who accepted the offer will have sold their shares to the consortium at the offer price. I’m not suggesting they’ve been buying shares in the market. Subsequently if the share price moves lower I’d be surprised given these results - my feeling is without this bid hanging over our heads we’d be north of 100p by now. They might not be able to get the financing for a number of reasons - 48m GBP isn’t a trivial sum to find for the concert party.
gdjs100
05/5/2021
11:37
Results seem pretty ok to me....outlook would seem pretty good but (for obvious reasons)the statement a little less so...... But look at the reported trades which are all close to 80p price (a couple of trades above) which suggests to me that the MBO will proceed.....
jaf111
05/5/2021
11:27
gdjs100, I'm pretty certain that they are not (and have not previously been) buying more shares in the market. I suspect that they are focussed on getting financing in place. If they don't succeed with that and end the offer process, I would expect the price to fall short-term. That is because the obvious question for shareholders is 'why couldn't they get financing'?
effortless cool
05/5/2021
11:14
Agree. It feels like they have been sandbagging the outlook for months to allow them to take weak shareholders out on the cheap.If they don't get over to the 75% mark then management will own a larger part of the company, taking out any weak holder acceptances, but we should remain shareholders in a publicly listed company with the shares a good bit higher than now.
gdjs100
05/5/2021
11:04
I am unhappy about the continued lack of guidance. Management clearly have a view as to future prospects, else why would they be looking to buy the company, but shareholders are being kept in the dark.
effortless cool
05/5/2021
10:49
By the way, can the management raise the offering price immediately or must they first put their £0,8 in writing before raising the price (if needed)? Do you guys believe they'll have to raise the price or will they get the 75%?
mm84
05/5/2021
10:46
What do you guys think about the results?
mm84
05/5/2021
09:35
New Car Registrations in UK for April 2020 were 141,583. 2010 to 2019 April average was 162,537.
mortimer7
Chat Pages: 39  38  37  36  35  34  33  32  31  30  29  28  Older
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