Inchcape Share Discussion Threads

[sparty1] 10/12/2020 08:57

kendon.. you might want to read the trading update today. And update your crystal ball. :)

[kendonagasaki] 13/11/2020 08:14

There is an recessionary economic tsunami approaching the UK.I doubt INCH will be selling many new cars in the future imo.

[jonandjane1] 13/10/2020 11:29

Strong results from Marshalls, after strong results from Vertu, likely to be similar at Inchcape, retail motor industry trading strong

[grabster] 05/5/2020 15:16

sorry, wrong thread.

[grabster] 05/5/2020 14:21

This morning: "UK car sales plunge to lowest since 1946 amid coronavirus lockdown" hTTps://www.theguardian.com/business/2020/may/05/uk-car-sales-coronavirus-lockdown-electric-car

[kendonagasaki] 20/4/2020 22:57

How does this share price work.?All business shut.All on furlough.All INCH customers have lost their jobs and can't afford the finance?Armageddon awaits!,,,,,,,,,,,

[gozo] 20/4/2020 17:55

....that's over a £1.5 million pound trade!

[gozo] 20/4/2020 16:50

Chunky after hours trade

[essentialinvestor] 07/4/2020 21:25

Inchcape entered the last downturn with about half a billion in net debt, so given the now much reduced retail side of the business, it's perhaps unlikely we will see the financial crisis lows of under 70 pence a share imv.

[grabster] 07/4/2020 08:21

It does seem to have become an acceptable action in the current climate. And the rest of their update sounds more solid than many.

[babbler] 07/4/2020 07:37

I'd be shocked if it wasn't

[grabster] 07/4/2020 07:14

Inchcape 17.9p dividend cancelled

[grabster] 06/4/2020 14:45

"New car sales in UK plunge by 44% as coronavirus bites" hTTps://www.theguardian.com/business/2020/apr/06/car-plant-shutdowns-may-cost-auto-industry-more-than-100bn-covid-19 "Britain’s new car registrations plummeted by 44% in March, a steeper fall than during the financial crisis, as the coronavirus crisis led to showroom closures and sent sales tumbling. Sales in March were 203,000 down on the same month a year earlier, according to data released by the industry body, the Society of Motor Manufacturers and Traders (SMMT). March is traditionally one of the strongest months of the year for new car sales because of the release of new number plates. However, this was the weakest March since the late 90s, when the twice-yearly number plate change was introduced. Britain’s car industry was already struggling before the pandemic – hit by a combination of falling sales, a shift away from diesel vehicles and Brexit uncertainty." "Dramatic falls in new car sales have been reported in other European countries that introduced lockdowns earlier than Britain, including Italy, where sales fell 85% in March, France, down 72%, and Spain, which was 69% lower." "Forecasts suggest the continued closure of car plants across Europe and North America will cost the auto industry more than $100bn (£82bn) in lost revenues if the shutdown lasts until the end of April."

[grabster] 06/4/2020 14:43

"New car sales in UK plunge by 44% as coronavirus bites" hTTps://www.theguardian.com/business/2020/apr/06/car-plant-shutdowns-may-cost-auto-industry-more-than-100bn-covid-19 "Britain’s new car registrations plummeted by 44% in March, a steeper fall than during the financial crisis, as the coronavirus crisis led to showroom closures and sent sales tumbling. Sales in March were 203,000 down on the same month a year earlier, according to data released by the industry body, the Society of Motor Manufacturers and Traders (SMMT). March is traditionally one of the strongest months of the year for new car sales because of the release of new number plates. However, this was the weakest March since the late 90s, when the twice-yearly number plate change was introduced. Britain’s car industry was already struggling before the pandemic – hit by a combination of falling sales, a shift away from diesel vehicles and Brexit uncertainty." "Dramatic falls in new car sales have been reported in other European countries that introduced lockdowns earlier than Britain, including Italy, where sales fell 85% in March, France, down 72%, and Spain, which was 69% lower." "Forecasts suggest the continued closure of car plants across Europe and North America will cost the auto industry more than $100bn (£82bn) in lost revenues if the shutdown lasts until the end of April."

[kendonagasaki] 30/3/2020 23:15

When this national emergency is over and we start to wipe away the tears from our eyes and gaze out on to this destruction in our economy and the carnage of lost jobs in this coming depression.......No Depression!Call it a lucky guess....but I don't think buying a new or used car will be on the priority of many.They are already going to lose payments on cars sold as people lose jobs too?If you disagree your welcome to leave a valid counter argument if your not happy?GOING DOWN!

[kendonagasaki] 30/3/2020 09:37

This industry is destroyed!

[grabster] 30/3/2020 09:34

Increased my existing downbet.

[kendonagasaki] 20/3/2020 21:08

Were in the money!were in the money!3.88 will be where the close will be!This has been a most enjoyable ride!

[cthompso] 18/3/2020 19:49

Good on Inchcape - goodness knows we face tough enough times without having vultures peck out the eyes of the living.

[kendonagasaki] 18/3/2020 09:15

Great stuff!

[kendonagasaki] 16/3/2020 09:55

Loving it!

[kendonagasaki] 12/3/2020 08:20

More like inch is panicking and buying its own shares to halt the impending carnage that awaits it?