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 Shares Traded Last Trade
  0.00 0.0% 78.50 31,144 15:52:24
Bid Price Offer Price High Price Low Price Open Price
77.00 80.00 80.00 78.00 80.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 524.02 10.19 8.22 9.5 79
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:18 UT 17,200 78.50 GBX

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Cambria Automobiles Investors    Cambria Automobiles Takeover Rumours

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Date Time Title Posts
11/6/202108:02Cambria Automobiles - The Long Story508
10/5/201611:58Cambria Auto404
26/8/201106:49Cambodian Mining Opportunities - in Junior co's2

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Cambria Automobiles (CAMB) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-18 15:35:1878.5017,20013,502.00UT
2021-06-18 13:00:0578.502,2331,752.91UT
2021-06-18 11:28:5578.55153120.18O
2021-06-18 09:38:1878.003,0002,340.00O
2021-06-18 09:26:1278.55389305.56O
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Cambria Automobiles (CAMB) Top Chat Posts

Cambria Automobiles Daily Update: Cambria Automobiles Plc is listed in the General Retailers sector of the London Stock Exchange with ticker CAMB. The last closing price for Cambria Automobiles was 78.50p.
Cambria Automobiles Plc has a 4 week average price of 78p and a 12 week average price of 72p.
The 1 year high share price is 84.25p while the 1 year low share price is currently 44.20p.
There are currently 100,000,000 shares in issue and the average daily traded volume is 34,271 shares. The market capitalisation of Cambria Automobiles Plc is £78,500,000.
gdjs100: 60k CAMB traded at 81p in closing auction and 30k also at 81p this morning. Someone is buying. As it's auction and not RSP it's likely to be an institution. Interesting. You have to assume the seller at 81p would have been a "yes" and they are taking the extra penny as it's available, and those votes have been transferred to the buyer at 81p who will be a "no".
effortless cool: 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?
mortimer7: 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.
molatovkid: Whilst I am not familiar with the background here, a board recommended offer less than the market price seems a bit much.
jaf111: Indeed Mortimer.....and with share price edging up further (82.2 / 84p) a higher offer must be more than a possibility.....
gdjs100: 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: 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.
effortless cool: 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'?
mm84: 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%?
mortimer7: Possible offer deadline extension to 17th May.
Cambria Automobiles share price data is direct from the London Stock Exchange
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