Inchcape Share Discussion Threads

[kendonagasaki] 17/2/2020 21:52

Going one way!Down!

[kendonagasaki] 07/2/2020 08:57

I see the CEO is leaving just before it all implodes here,His timing could not have been better?So what clown will be at the rudder when INCH hits the rocks?

[kendonagasaki] 06/2/2020 10:02

Government Debt.

[kendonagasaki] 06/2/2020 08:06

Sonny im not short anything Nasdaq or on the dow.Im a firm believer that as the goverment de crash like a house of dominoes the dow will hit over 40.000 points and ive been long Dow since 18,000.Inchcape will not be able to pull its self here in the long term.

[davr0s] 04/2/2020 19:26

Is that right mystic meg. Your the kind of trader that will short TSLA and be still holding

[kendonagasaki] 04/2/2020 17:27

£3.50 is coming here!

[davr0s] 30/1/2020 19:39

Kendo talking to himself

[kendonagasaki] 30/1/2020 19:36

No one left to sell a new car too?Going down!!

[kendonagasaki] 30/1/2020 09:16

12 month target price 3.33 or lower!

[kendonagasaki] 30/1/2020 09:15

This is going down the pan.The slow down is blindingly obvious for all to see, they have expanded to fast over the last 4 years and debt is going to be a huge worry for them.I'm short and so are a lot of institutions here.50% fall to occur here in the next 12 months.There is no good news coming or to come.Pendragon is already about to grow broke,

[mortimer7] 05/8/2019 09:13

SMMT have issued the new car registration unit numbers for July 2019 this morning, which shows a 4.1% drop compared to July 2018. Total 157,198 versus 163,898.

[mortimer7] 24/7/2019 10:53

Interim results day tomorrow.

[mortimer7] 01/5/2019 11:44

Courtesy of ADVFN Newsdesk:

Jefferies initiated coverage on shares of car retailer Inchcape at 'buy' with an 845p price target on Tuesday, arguing that the "undervalued" distributor could drive upgrades by applying material surplus cash flow to M&A or share buybacks.

"Inchcape's valuation does not represent its repositioned business, strong cash flow and potential for upgrades," it said. "After a period of estimate resetting we now expect Inchcape to positive re-rate from depressed valuation multiples."

The US bank pointed out that Inchcape proactively seeks M&A targets and has completed eight distribution deals and two distribution acquisitions in the last few years. It estimated £0.9bn-£1bn of cumulative acquisition or share buyback firepower is possible over the next three years, with implied 23% to 48% earnings per share accretion.

Jefferies said it sees a sustainable role for automotive distributors, especially those focused on small and medium-sized markets.

"Inchcape is reshaping to address the opportunity with profitability increasingly weighted towards higher-margin, higher-return distribution, away from lower-margin, lower-return retail (93% of profits from distribution versus 71% in FY14).

"We see a greater understanding of the new shape as a key valuation re-rating driver."

[mortimer7] 01/5/2019 09:29

New coverage initiated by a broker yesterday:
Jefferies International with a "BUY" rating and target of 845p.

[essentialinvestor] 17/10/2018 17:24

Find out what they have to say in the morning.

[yump] 17/10/2018 15:24

EI

I think that depends on whether online ordering is going to be significant or not and the market didn't just decide that today.

Maybe there's been a few major investors taking a view on the combination of dropping consumption added to market correction added to general possible trading problems across continents (trade war rumours etc. etc.) - consumer slump - mini-recession.

Question is: how much worry is or has been already in the market.

I think people (including 'the market') are feeling that sooner or later hell will be unleashed.

Analysts and brokers won't want to be caught with their credibility pants down, so its safer to issue 'hold' and 'sell' than 'buy' at the moment.

[mortimer7] 17/10/2018 14:12

The only tangible thing I can find specific to Inchcape to trigger todays drop is a broker update from HSBC which downgrades from BUY to HOLD with a reduced target of 650p.

[essentialinvestor] 17/10/2018 12:56

Would question the sustainability of their longer term operating model.
You can order cars online now direct from the manufacturer in some cases.
The future of distribution, their largest market, is more difficult to say.

Inch geared up the balance sheet at the wrong time.

[yump] 17/10/2018 12:54

Perhaps there's a bit of deliberate testing of support levels going on, on the basis that the Dow is expected? to have another big down leg - its certainly in no-mans land at the moment and its difficult to see what might send it up to previous highs as the lack of reality of 'making America great again' hits home and the first high turns out to have been artificial.

There's still a lot of profit to be banked by nervous people, if they've benefitted from the rise since the recession.

[mortimer7] 17/10/2018 12:03

Don't think that is the reason for todays drop - that information has been known for a while & IMO already priced in to Motor Retailers share prices.

[shorthornbull] 17/10/2018 10:41

Here is the reason:
hxxps://www.acea.be/press-releases/article/passenger-car-registrations-2.5-nine-months-into-2018-23.5-in-september