Inchcape Share Discussion Threads

[mortimer7] 17/10/2018 09:50

Package holidays???
Inchcape plc is a leading global premium automotive group, operating in 29 markets with a portfolio of the world's leading car brands in the fast-growing luxury and premium segments. Inchcape has diversified multi-channel revenue streams including sale of new and used vehicles, parts, service, finance and insurance.

[brain smiley] 17/10/2018 09:08

Package holidays are the probem here.Thomas Cook warned recently.

[belgraviaboy] 17/10/2018 08:37

8% down - broker downgrade?

[yokelee] 27/7/2018 14:03

This was the reason as reported "Car dealership group Inchcape fell 5.8% to 738p on a 15.6% decline in pre-tax profit in the six months to 30 June amid challenges in its retail market."

[lodgeview] 27/7/2018 11:49

So I could buy in cheap:)

[yokelee] 27/7/2018 09:46

Reasons for the fall this morning, any one ?

[danieldanj] 26/7/2018 06:17

Inchcape (INCH) Earnings-Reaction to Keep an Eye

[essentialinvestor] 28/2/2018 14:55

Added another small amount this AM.

[ed 123] 28/2/2018 00:56

Yes, EI, some risks. As ever it's about weighing those risks and looking at the value in the shares.

I can't say whether the current arrangement will end at some point. Inchcape is useful to the manufacturers and it may be that the manufacturers will always want distributors and retailers? In some parts of the world manufacturers are prohibited from competing with independent retailers.

Valuation? Two months into the current year and management sounded confident today. Current year prospective p/e ratio around 10 at c.680p. Dividend yield c. 4%. Share buyback approved.

As you say, cautiously run business (eg.borrowings approx equal cash and cash equivalents, and pension fund is in surplus (c. £70 million)).

Geographic spread gives some resilience. Eg. good growth reported today at group level, even though the UK retail side is under pressure.

US bond and equity markets are nervous due to forecast interest rate rises.

May be a bumpy ride, who knows? Some value in Inchcape at 680p, imo. Should be some broker updates following the results. Will see what they say.

[essentialinvestor] 27/2/2018 13:17

Ed my concern longer term would be the future of vehicle distribution/retail,
can INCH continue to thrive in a rapidly changing market,
will cars be increasingly sold direct from manufacturers to consumers?.


Inch went in to the last downturn with approx half a billion in debt from memory,
unfortunately this lead to a highly dilutive RI, they have been ultra cautious on gearing since then.

[essentialinvestor] 27/2/2018 12:50

I had a small amount.

[yump] 27/2/2018 10:25

Well under 'normal' circumstances 700p seems perfectly reasonable, but the market has the jitters imo. Direct Line even posted a special dividend and not a hint of anything negative and the shares have stayed where they are - not exactly expensive.

I just hope that the portfolios of anyone that voted for Brexit suffer the same frustrations as mine, as the whole process is messing things up just as we'd recovered from the dreadful recession. No doubt people will blame politicians, but its the UK voters that voted for it. Unfortunately I think the lessons are going to be learned painfully by the very voters that thought it was going to make Britain great again - or some such daft idea.

[ed 123] 27/2/2018 10:09

Yes, I too could see comfort in the "confident" statement. Some parts of the business are preforming strongly, plus only 21% of profit comes from the retail (margin pressured side of the business).

Shares have steadied now, 672p.

With some time for reflection on the strengths of the group and help from buybacks, >700p soon-ish?

[yump] 27/2/2018 10:00

The way shares react at the moment to any comments about uncertainty in markets going forwards, even if they do say they're confident of meeting forecasts, it looks like this is going to be 600p, which doesn't make a lot of sense really.

[undervaluedassets] 26/10/2017 09:05

Great update and punished.

Conclusion ...company is fine .. Markets are nervous

[undervaluedassets] 29/3/2017 09:46

Nice quiet board. strong momentum and good broker comments

[essentialinvestor] 22/12/2016 18:50

Well we got an acquisition!, market loves it on first look.

[ppreston1] 06/12/2016 10:34

Nice to see Legal & General are buying. Perhaps this might be enough to reverse the downtrend. Need some director purchases now to build confidence!

[ppreston1] 28/11/2016 11:45

Freefall if the share price breeches 600p. Chart looks very grim. Can't see much potential for upside here.

[essentialinvestor] 23/11/2016 16:33

INCH had bought back a considerable amount of shares daily using the
first £50 Million of a 100M authorisation, that stopped following the recent update.

[ed 123] 23/11/2016 15:12

Agree, it looks that way.

The sector is well out of favour.

Needs a bid for one of the smaller ones to boost sentiment, imo. I'd guess Inchcape is immune, due its size.

[ppreston1] 23/11/2016 14:13

Steady decline. Not much support on the chart. Is this heading for 600p?

[essentialinvestor] 27/10/2016 18:02

They bought back nearly 300,000 shares for cancellation today.
Current buy back has almost reached the £50 Million mark.

[essentialinvestor] 27/10/2016 11:59

Good sumation Ed.

Had a very small amount of Look this morning, just a token purchase
at this point as there is no final confirmation of the Parts division sale yet.