Inchcape Share Discussion Threads

[yf23_1] 20/9/2024 19:40

WHat happened today ?

[gipps] 30/7/2024 06:39

Report looks good to me.

[mortimer7] 02/5/2024 14:53

Ex Divi day today - hence slight share price dip

[cardinal3] 28/4/2024 11:19

Louis

I'm here and did myself a favour by averaging down in early March with the pullback which I thought unjustified. So far so good and the omens look good too for a continued rise on the back of the active management team.

[louis brandeis] 16/4/2024 07:59

The opportunity is still there Essential.

The morons running almost every country (and most companies) ATM will give you further opportunity. :)

[essentialinvestor] 15/4/2024 23:22

I sm trying to work out why I did not buy recently.

[smcni1968] 15/4/2024 13:45

Good news- gets rid of a very low margin business. I expect a big share buyback

[gipps] 15/4/2024 12:10

I am but trying to work out what it actually means for share holders does it mean that we have to wait over a year to get the benifit ?

[louis brandeis] 15/4/2024 12:04

RNS and dead thread. Nobody interested????

Inchcape plc to sell its UK Retail operations to Group 1 for cash consideration of approximately £346m

[mortimer7] 04/4/2024 08:56

UK New Car registrations total for month of March was 317,786. Last March was 287,825.
Increase once again due entirely to Fleet market sales being up 30% as the sector catches up with the last two years supply shortages. Private sales down 7.7%.

[buffalobillnuts] 01/4/2024 13:12

Those director buys stinks of insider dealing!!!!


Sky News has learned that AutoNation, which has a market capitalisation of nearly $7bn (£5.5bn), is among the suitors circling the business since Inchcape confirmed in January it was conducting a strategic review.

AutoNation is said to be at the early stages of considering an offer and may yet not decide to proceed with one, according to industry sources.

If it does go ahead, it would represent a first step into the UK for AutoNation after it withdrew six months ago from a bidding war for Pendragon, another London-listed car dealer.

A deal could be worth in the region of £350m, insiders said.

AutoNation failed to respond to several emailed and telephoned requests for comment.

The sale of Inchcape's UK operations would mark another stage in the industry's ownership shake-up.

[essentialinvestor] 07/3/2024 12:07

Yup, I should have bought a few, easy after the event as always.

[mortimer7] 07/3/2024 12:02

5/3/24 CEO buy @ 622.50p, £59.6k.
7/3/24 Chairman buy @ 640.75p, £98.1k.
Decent size buys always reassuring for PI's I think.

[mortimer7] 07/3/2024 11:57

UK New Car registrations total for month of February was 84,886. Last Feb was 74,441.
Increase due entirely to Fleet market sales being up 25%. Private sales down 2.6%.

[reallyrich] 05/3/2024 14:06

Well in for a few just now

[essentialinvestor] 05/3/2024 11:44

INCH is frequently given to fat % moves on news, today's
price actions joins a lengthy list

My concern is they have gorged themselves on acquisitions and now face tougher markets given macro headwinds.

There are longer term concerns on the future of car distribution, with OEM's selling directly to consumers.

It's a difficult call atm, a sale of their UK retail business would help.

[cupra kid] 05/3/2024 11:01

On an already undervalued sp, todays fall seems very overdone. The results were good, outlook is decent and they're making a lot of money. I believe fair value would be around 1000p.

[martincc] 05/3/2024 09:12

Liberums target price for INCH after Q3's was 1270p

[redhorse2020] 05/3/2024 08:54

Tough outlook and increasing debt never a great combination. Any news on the UK business that they've been trying to offload?

[cardinal3] 05/3/2024 08:39

Decent results, poor immediate market reaction

[aleman] 01/3/2024 16:49

Downtrend looks to possibly have broken, though some might choose to draw it differently.



free stock charts from uk.advfn.com

[liam1om] 29/1/2024 11:42

hxxps://news.sky.com/story/inchcape-invites-suitors-to-drive-off-with-uk-retail-arm-13059303

[essentialinvestor] 23/11/2023 13:29

Bought a small amount today, are these cheap for a reason?. Not sure on that.

[tole] 28/10/2023 08:41

Liberum: Inchcape shares are too cheapCar dealer and distributor Inchcape (INCH) is 'too cheap' given the long-term opportunity and strong balance sheet, says Liberum.Analyst Sanjay Vidyarthi retained his 'buy' recommendation but cut the target price from £13.00 to £12.70 on the Citywire Elite Companies AAA-rated stock, which was trading at £6.60p on Thursday.Third-quarter results from the group were in line with expectations and the business remains on track for its full-year figures, with synergies from the Derco acquisition offsetting weaker markets in Chile and Columbia.Vidyarthi did not change his forecasts but said management was taking a 'more cautious view on Europe' in 2024 that was 'offset in part by stronger growth in Asia'.'We think the shares had been discounting a warning, rather than the resilient performance that has been delivered,' he said.'The longer-term buy and build opportunity is large, the balance sheet is strong and we expect return on capital employed to improve. Current year 2024 price/earnings of 7.1x is too cheap.'

[essentialinvestor] 26/10/2023 11:10

Bought a few this morning, no warning, outlook seems ok given the backdrop.