Share Name Share Symbol Market Type Share ISIN Share Description
Lookers 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
  +1.70p +1.88% 92.10p 92.00p 92.40p 92.30p 90.00p 90.50p 299,065 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 4,281.7 91.8 20.5 4.5 368.00

Lookers Share Discussion Threads

Showing 2101 to 2124 of 2125 messages
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DateSubjectAuthorDiscuss
05/2/2018
09:09
The UK new car market declined in the first month of the year, according to figures released today by the SMMT. 163,615 cars were driven off forecourts in January, a 6.3% fall compared with the same month in 2017 when 174,564 were registered.
mortimer7
05/2/2018
08:15
15% drop in last week is severe though?
gutterhead
02/2/2018
14:23
SP looking a bit grim today. Suspect Mondays SMMT new car registration figs for January won't be good & I expect Lookers will be already aware of their own month performance from their DoC's which might go some way to explaining todays drop.
mortimer7
05/1/2018
11:30
The retail new car market has been back yr on yr for the last 6 months so dropping on today’s news is ridiculous and just offers up a short term trading opportunity. Lost 3-4% at open and wouldn’t surprise me if it recoups all of it. This is a cyclical business and can’t help thinking it’s going to be harder. When it’s tough, it’s the margin that gets eroded and that’s more important to watch than the volumes.
gutterhead
05/1/2018
10:19
http://www.telegraph.co.uk/business/2018/01/05/new-car-sales-sink-first-time-six-years-drivers-shun-diesel/
tim 3
16/11/2017
16:17
Not a solitary BOD buy post update.
essentialinvestor
09/11/2017
10:47
Hi Ed, only a guess on my part. As per previous posts have questioned the expansionary strategy at this part of the cycle. KGF update shortly, the recent Homebase figures looked very ugly. Not holding atm.
essentialinvestor
09/11/2017
10:40
Hi EI. If the buybacks are to be modest, then why do them at all? Pendragon did some share buybacks at up to 40p per share. Price in the market now? 25p. Capex? Why do the manufacturers require such glossy showrooms and styling updates? At the end of the day the customer pays. If there is to be real pressure on consumers ahead, then surely those showrooms jobs will be cut back? High margin on servicing and repairs? I wonder if the time will come when the market resists the prices that the car group garages charge? As an example, I needed some steering parts recently and bought the OEM items for a quarter of the price the garage was asking. The public seem blind or indifferent to these massive margins. But, will it go on for ever?
ed 123
09/11/2017
10:17
Ed, would expect any buyback to be modest. CAPEX has been chunky of late and would think it would fall back some. Agree on cyclicality, made the very same point elsewhere yesterday.
essentialinvestor
09/11/2017
10:13
Q3 trading update today. Much as expected except for the share buyback bit. It's a bad move, imo. If the business had been a steady one without debt, then share buybacks would have been ok by me. However, Lookers is cyclical, arguably at the start of a dip and has c. £60 million of debt. It is not the business and not the time for buybacks. (Remember the 2009 rescue rights issue at 40p?) I've held Lookers at times in the past. Watching but wary - I need to see how Brexit will impact the UK economy at large and the motor retail sector in particular. The shares are about 100p atm. Cheap, when viewed against current trading, but what lies ahead?
ed 123
27/10/2017
17:38
Nice rise. I was preparing to sell if the share price fell to 95p
werewolfie
24/10/2017
13:14
Yesterday was PDG warning as you are probably aware. The focus for Look should be less on expansion at this point of the cycle, and instead get net debt paid down. Gearing has rapidly reduced over the past two years in fairness, helped by the parts division sale.
essentialinvestor
24/10/2017
12:57
From experience; if the share price sinks before then there are people who know more than me! Especially before an update. Might take this loss
prospective investor
24/10/2017
12:21
Trading update 09/11.
essentialinvestor
23/10/2017
18:51
Share price trebled between 2011 and 2015. The 2009 low was around 20 pence from memory, there has been some major money made here.
essentialinvestor
23/10/2017
15:43
T Cowie was my first sector buy back in the early 1990's, so have seen a few cycles. Held Look previously as per postings, however does anyone notice the lack of any recent BOD purchases?, Made the same point last year. It's fine the CEO emphasising a resilient expansive strategy, but the sector is cyclical. You can make a case used car sales and aftercare help counter this. I'm not convinced how much weight that carries if the UK consumer begins to cut back. All just IMV only.
essentialinvestor
23/10/2017
11:54
A firm in the same sector posted a profits warning. Pendragon... https://www.theguardian.com/business/live/2017/oct/23/uk-car-dealer-pendragon-profits-warning-uk-manufacturers-economy-business-live Income elastic demand - was always going to struggle with the incertainty over Brexit and falling real incomes, not to mention possible future rate increases. I am in deep too - fingers crossed they have a better strategy.
pdoc
23/10/2017
11:35
Any idea why it's so low? I bought in at 1.59 and foolishly never applied my stop loss.
werewolfie
23/10/2017
10:15
down ----no volume cant make my mind up either
hardupfedup
20/10/2017
09:40
Can't decide wether to sell these at a 10% loss. This company looks good on paper but seems to be held back by larger forces.
prospective investor
03/10/2017
12:07
100k @ 120+ yesterday
hardupfedup
19/8/2017
08:52
MUANGSING When you lower the rate of return, the share price should move higher. By choosing 5%, Lookers would be £3.67, if post-tax earning gets maintained at £80m.
walbrock82
18/8/2017
17:41
walbrock82 Out of curiosity what would the share price of Lookers be if the required rate of interest were to be 5% and not 11%. Regards
muangsing
18/8/2017
11:03
Car dealership market To understand the car dealership market, you need to know what driving the sector. The last recession caused oversupply on the manufacturing side, so car subsidy schemes have helped stimulate demand. The biggest change to car financing is the PCP financing model, where owners no longer own cars but lease it for two to three years. They pay for the depreciation of the car rather than the full price. Afterwards, the owners could pay the remaining balance or sign another PCP financing for another car. This is called the PCP finance model. The problem is the shift from oversupply in manufacturing to over supplying the retail side. As long as demand keeps rising there are buyers to be found. Now, SMMT is forecasting the UK new car sales to fall for the first time in four years by 5% in 2017. In 2018, this will decline by 3%. Within two years, the demand for cars would have fallen by 10% in total. Forecast That will hit car dealers like Vertu and Lookers because they rely on volume and price. So, my analysis for Lookers is it will trade around 80 pence in the next 12 months. For the breakdown of calculation and detail analysis on my share price prediction, click here: http://bit.ly/2v74wjY
walbrock82
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