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Share Name Share Symbol Market Type Share ISIN Share Description
Lookers Plc LSE:LOOK London Ordinary Share GB00B17MMZ46 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.80 4.46% 42.20 42.20 42.60 46.05 42.10 42.90 2,857,514 16:35:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 4,787.2 -45.5 -10.7 - 165

Lookers Share Discussion Threads

Showing 3176 to 3200 of 3200 messages
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DateSubjectAuthorDiscuss
02/3/2021
19:00
Now the FCA issue has been dealt with, don’t be surprised if theres a bid comes in soon. This company as the Zeus Analyst highlighted yesterday could easily have £5bn of sales in 2022.
jabers1
02/3/2021
17:28
Looks like pound coins on sale for 50p
daneswooddynamo
02/3/2021
17:18
This is worth more than 43p I personally won’t be thinking of selling till it’s £1.20 having added from the bottom in March 2020 when everything crashed and the doom and gloom merchants were arranging the funeral, some investors here had confidence to hold and buy more. £1.20 within 12months
daz1712
02/3/2021
12:17
Yes that is correct at the interim stage but they have incurred exceptional costs since then and year end net debt is reported as £45m later in that statement. Adding back the £10.4m provision should give year end net debt of £35m and nav around 70p.
flyfisher
02/3/2021
11:46
from the 29th Jan statement · Net debt of £11.0m at 30 June 2020 (31 December 2019: £59.5m) driven by strong working capital and cost control, alongside the benefit of deferred VAT and delayed PAYE / National Insurance payments agreed under Government schemes. Not much?
farrugia
02/3/2021
11:38
Yes, but it also has debts.
flyfisher
02/3/2021
11:32
is it true that the properties that Lookers PLC own is worth more than its market capitalisation?
farrugia
02/3/2021
08:08
Nice buying. Should now rerate back up.
babbler
02/3/2021
07:22
🚀🚀🚀 Patience always pays off! This is massive for the company.
jabers1
02/3/2021
07:12
FCA case today closed with a best practices review but zero fine, releasing the 10million provision
daz1712
02/3/2021
00:35
My own hands on experience is cost cutting doesn't increase profitability in the motor trade.That is of course unless costs are out of control but I've found that to be a rare thing .But increasing the right mostly variable costs eg sales incentives, great used car reconditioning, pay plans linked to gross profit achievement can have major impact on turnover and gross profit.I've been in too many dealerships and seen them so focused on cost cutting that they then start losing business. Once they refocus on great customer service with all pay plans aligned to this and gross profit then profits go skyward.
woodwards26
02/3/2021
00:14
Don't ignore the if▪ To balance against these risks, we also look at the potential earnings upside if Lookers is able to navigate through this and indeed market conditions improve as we enter in 2022/23 and the impacts of COVID-19 start to recede. Looking further ahead,I've bought a few but as a retired motor trader I see no certainty in making a profit or even getting my money back but it is the first time in quite a few years I think that lookers are worth a punt on again.I will buy a few more each month with disposable income but not to the levels I did in the past
woodwards26
01/3/2021
11:52
And they say cazoo might float with a value of 5 billion? Lol a lot
daneswooddynamo
01/3/2021
11:32
Investment case summary ▪ Following an extremely difficult period for Lookers over the last 18 months, we believe it is over the worst and is back on the road to recovery. While the market backdrop will remain challenging, we believe the Group is a position to move forward from the legacy issues and refocus on the strategic priorities for the future. ▪ The implied H2 2020 performance gives us comfort that the strategic plan and cost initiatives are working. Lookers announced an adjusted loss of £36m in H1 and is expected to be broadly break even in FY 2020E (we are forecasting a small loss of £1.0m). This implies a H2 profit of £34.5m, although we do acknowledge there was Government stimulus on costs (business rate relief and furlough) to support this outcome. We believe this improvement has not just come from annualised payroll savings of c.£50m but also lower investment in used car stock levels (c.£145m in H1 2020A from £240m in FY 2019A) as well as higher levels of stock turn running at 35-40 days vs. 55-60 days before. ▪ The near-term outlook is likely to remain challenging across the sector, albeit Lookers has used COVID-19 as a catalyst for significant change. Although new coronavirus infections and deaths falling rapidly in the UK and vaccination levels are progressing well, the roadmap out of lockdown 3 is cautious with motor dealerships not fully reopening until 12 April 2021. As a result, sales volumes in March – when the new 21 registration plate comes in – are still likely to be weaker than normal as restrictions are likely to be in place. That said, as we saw last year, once dealerships are allowed to be fully open, pent up demand could re-emerge post-March with data from Auto Trader pointing towards strong interest levels in new cars. Used car margins have remained strong in what we see as a supply constrained market. ▪ The shares have considerable asset backing, with property assets per share of 80.4p as at 30th June 2020 and net assets per share of 63.6p at the same date. Both figures are far in excess of the current share price due to the company’s poor recent results and the lack of internal controls that led to the restatement of its 2018 figures and its run-in with the FCA. ▪ Lookers has already disclosed that net bank debt (which excludes IFRS 16 property leases and vehicle rental lease liabilities) was approximately £45 million at the end of 2020. This compares with £59.5 million at the end of 2019 and £11.0 million at the end of June 2020. Property lease debt was £135.8 million at 30th June 2010 and vehicle rental lease liabilities were £87.6 million giving total net debt of £234.4 million. In addition to this, the group had a deficit on its defined benefit pension schemes of £69.5 million at the end of June 2019 and the “subsequent events” section of its 2019 Annual Report (published on 30th November 2020) discloses that it will step up its deficit reduction payments from £9 million to £12 million a year, we presume from 2021 onwards. There is a provision of £10.4m for the FCA fine on top of this as well. Consequently, there is no doubt that Lookers has high levels of leverage to contend with at present. ▪ To balance against these risks, we also look at the potential earnings upside if Lookers is able to navigate through this and indeed market conditions improve as we enter in 2022/23 and the impacts of COVID-19 start to recede. Looking further ahead, we believe Lookers is capable of re-emerging as a £5bn revenue group, driven in part by expanding its portfolio with Japanese brands following restructuring, as has been previously mentioned by the group. We have assumed a gross margin of 11.5%, with operating expenses as a % of revenue remaining below 10%. On that basis we can see Lookers achieving a PBT north of £60m, albeit the market would need to be in full recovery mode for this to be achieved. From an EPS perspective this would equate to 13.2p (vs. our 2022E forecast of 9.0p) and implies a P/E below 3.2x at current share price levels. To look at this another way, on a typical mid cycle P/E of 14x, this would equate to 184 per share. ▪ Based on our blue-sky EPS on Exhibit 1 and assuming a P/E multiple range of 8-14x, would suggest a value range of 105-184p per share. Our working (below) shows this analysis discounted back by 5 years to give range based on discount rates ranging from 5-20%. To get back to the current share price based on this analysis implies a mid-cycle PE of 10x discounted by 15%.
jabers1
01/3/2021
08:36
Zeus capital comment today. 5 minute video. https://www.directorstalkinterviews.com/lookers-plc-deliver-a-very-strong-h2-analyst-interview/412964925
flyfisher
01/3/2021
08:24
Which paper?
flyfisher
01/3/2021
08:20
Paper said bid at 80
middlesboroughfc
22/2/2021
08:07
Lookers still under the radar at the moment.Happy to accumulate at current prices as extremely undervalued imo.
seball
19/2/2021
16:20
Just topped up. No smoke without fire. Good luck all
seball
19/2/2021
16:09
80p takeover? Thar would be a steal.
seball
19/2/2021
15:26
https://cardealermagazine.co.uk/publish/could-industry-stalwart-tony-bramall-be-about-to-launch-a-bid-to-take-car-dealer-group-lookers-private/217308
oharebj
19/2/2021
09:49
Massive pent up demand for motors
abarclay
19/2/2021
08:31
Something brewing here. Bramall increasing holding got me interested. No smoke without fire imo
seball
19/2/2021
08:28
NAV 90p suggests this is extremely undervalued. This has been battered down unfairly as economy will bounce back. The public will be using their savings to buy new cars as holidays are a no go imo.
seball
18/2/2021
16:43
I think that about most of my holdings
daneswooddynamo
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