Inchcape Share Discussion Threads

[taffy_1979] 10/3/2010 11:04

Here we go!!

[taffy_1979] 10/3/2010 10:01

But surely record operating cashflow and debt reduced to zero makes this an attractive prospect for the future. Reckon the market are digesting these figures and we'll be up (if only by a few percentage points) by the end of the day.

[al h] 10/3/2010 09:59

"Inchcape issues cautious outlook

Wed 10 Mar 2010
INCH - Inchcape

Latest Prices
Name Price %
Inchcape 27.92p -5.45%

FTSE 250 9,808 +0.34%
FTSE 350 2,933 +0.17%
FTSE All-Share 2,867 +0.16%
General Retailers 1,617 -0.56%


LONDON (SHARECAST) - Car dealer Inchcape said 2009 profit fell less than expected but on a cautionary note, it warned market conditions in 2010 are expected to remain challenging.

The group, which raised £234.3m through a rights issue, said pre-exceptional profit before tax fell to £155.1m from £190.7m the year before while sales fell 11% to £5.6bn. On a like for like, constant currency basis, sales fell by 14.6%.

"In 2010, we expect to benefit from continued market momentum in Hong Kong and Australia and stable industry in Belgium and Finland but we also continue to anticipate market declines in the UK, Greece, Singapore, Eastern Europe and Russia," said chief executive Andre Lacroix.

"The group's focus continues to be on customer service and we have gained share in most of our markets, while cutting costs and reducing inventory," he added.

The board is not recommending a dividend."


Market declines and no divi aren't going to go down well I guess

[ricki] 10/3/2010 09:52

the sentiment from various snippets suggest results broadly inline with expectations So city not too impressed. Probably why its gone down this morning

[ricki] 10/3/2010 08:33

oh well excitment over for another six months

[al h] 10/3/2010 08:21

Good job they didn't report bad results FFS .... predictable BS

[ricki] 10/3/2010 08:18

had a feeling it would drop on results. That 30p is like a brick wall

[hvs] 10/3/2010 07:53

Can only get better from here : Its DEBT FREE on a turnover of £ 5.6 bill.

Preliminary Results
Date : 10/03/2010 @ 07:00
Source : UK Regulatory (RNS & others)
Stock : Inchcape (INCH)
Quote : 29.53 0.0 (0.00%) @ 06:00

[hvs] 09/3/2010 17:29

We will soon be throwing them up in the air.

[taffy_1979] 09/3/2010 16:34

Results tomorrow. Hold on to your hats!!

[mike1962] 09/3/2010 16:31

30p by close of business and then on to 35p by the end of the month ?.

[jibba_jabba] 09/3/2010 15:56

Inverted H&S above.

[jibba_jabba] 09/3/2010 15:45

Nice and lookers recovered aswell..

[pal44] 09/3/2010 15:07

hvs lets hope 35p tomorrow morning .. dyor

[hvs] 09/3/2010 14:13

We are motoring along nicely now.

Soon hit 30p and beyond.

[hvs] 09/3/2010 11:13

They taking a look see then ?

[jibba_jabba] 09/3/2010 11:10

Looks like the looker boys are taking profits and ploughing in here... PDG up aswell..

[jibba_jabba] 09/3/2010 08:37

The pond has been baited, just waiting for some big fish to bite now....

[pal44] 09/3/2010 07:48

LOOKERS plc results look good .. Lookers Chief Executive Peter Jones said:


· Revenue on a like for like basis increased by 4.2% to GBP1.75 billion
(2008: GBP1.68 billion)
· *Adjusted profit from operations increased by 33% GBP45.1 million (2008:
GBP33.9 million)
· Profit from operations increased by 187% to GBP29.3 million (2008:
GBP10.2 million)
· *Adjusted profit before tax increased by 102% to GBP28.3 million (2008:
GBP14.0 million)
· Profit before tax increased by GBP26.4 million to GBP11.5 million (2008:
loss GBP14.9 million)
· *Adjusted earnings per share increased by 57% to 7.32p (2008: 4.66p)
· Basic earnings per share increased to 2.79p (2008: loss 7.68p)
· Operational cashflow of GBP20.1 million
· Stocks reduced by GBP56.2 million and net debt reduced by GBP70.5 million
· Gearing reduced to 49% (2008: 180%)

[nomunnofun] 08/3/2010 16:08

2 million, buy or sell anyone?

[jibba_jabba] 08/3/2010 15:25

Lookers report tomorrow (look)....

[jibba_jabba] 05/3/2010 13:35

Seat belts on.... 28p today, maybe even higher.......