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
  -3.00p -2.71% 107.75p 107.00p 108.00p 112.00p 107.00p 111.75p 204,151 16:35:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 4,281.7 91.8 20.5 5.3 430.53

Lookers Share Discussion Threads

Showing 2076 to 2100 of 2100 messages
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DateSubjectAuthorDiscuss
20/10/2017
10:40
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
13:07
100k @ 120+ yesterday
hardupfedup
19/8/2017
09:52
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
18:41
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
12:03
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
17/8/2017
16:04
A good point on operating margin made earlier. Lookers isn't bad at 2.7% for car sales but I do like to target margin, price to book and earnings. Two out of three aint bad, but cashed out at a small profit. Feel we may get another August drift in the general market and cash might be better deployed in abeyance for later we will see.
stewart64
17/8/2017
13:45
walbrock82, The alternative conclusion under "Lookers acquires Warwick Holdings Limited" could be that Lookers over-paid! I emphasise "could" though, as I don't believe that they did. JakNife
jaknife
17/8/2017
13:19
How much will Lookers fetch in the market? How much will Lookers fetch in the market? The market value is £425m and the enterprise value is £559m. But, how much will buyers pay for the company in the market? One way is to assess how much Lookers has to pay for past acquisitions. Use info from Warwick Holdings Limited (acquired by Lookers in Nov. 2016) there is two possible valuation: Price to sales = £776.72m; Price to net assets = £701.7m. This is a 20% discount to enterprise value. Details of calculations are found here: http://bit.ly/2w4ENgo
walbrock82
16/8/2017
21:19
Problem with this and many other beat up retail stocks is people perceive there is a risk of a brexit consumer slowdown and if there is they could be hit hard,however there is little evidence of it so far although they did say they expect the British car market to srink 3% this year.
tim 3
16/8/2017
20:11
Well indeed that's probably why it has a price to book of one and a p/e of five. Wouldn't be surprised if it goes down with the current volatilty. Guardian sentiment priced in. Just like you pay a p/e of fifty and a price to book of five on Imperial Brands because it is deemed crash proof. I did say it was a punt.
stewart64
16/8/2017
19:00
Read the Guardian on latest news on car sales particularly the piece on a possible recession.
simon templar qc
16/8/2017
15:46
Taken a punt today at 108. Price to book has fallen to 1.14 (425m/ 370m) and p/e may come in around 5 for 2017.
stewart64
16/8/2017
11:02
The following is not an update on Lookers RNS! On car dealerships, here are a few things to keep in mind: 1. Operating margins are razor-thin (typically 1%-2%), therefore a 1% drop can reduce profits by 50%. 2. This is one reason the car dealers buying all these franchises, which is to contain a sudden drop in earnings. 3. Keep an eye on inventory level because cars lose 15%-30% of their value in one year. For both Vertu and Lookers, their inventory period is around 80 days. 4. The good news is car dealership has huge property backing, so dispose of subsidiaries will raise a lot of cash, when borrowing tighten. 5. Both Lookers and Vertu, the more post-tax earnings produced, the more negative the free cash flow gets generated. Here is Lookers table: http://bit.ly/2vHCi0Y 6. However, positive free cash flow is possible if capex + acquisition is at 2 times depreciation, but not at the current 5 to 6 times level. For a more board assessment, click http://bit.ly/2x3Rrcs
walbrock82
23/4/2017
23:41
Well all I can say on the 2 times I visited they were as busy as I have ever seen them could be just a fluke I do not hold here as am normally a ftse stock investor but am tempted to have a small punt!
tim 3
23/4/2017
20:29
Interesting comment Tim 3 about being very busy..... April expected to be quiet after the plate change, coupled with the changes in car tax......
jaf111
21/4/2017
20:27
Was at one of their large dealerships a couple of times times this week a very slick operation and very busy,been going their for years and its the busiest I have seen it. Service was very professional defiantly keep an eye on these as the shares look good value imo. Bought several cars of them over the years and they do compete well with internet prices which should stand them in good stead moving forward.
tim 3
05/4/2017
09:22
Records tumble as March UK new car market hits all-time high... New car registration unit stats issued today by SMMT show 562,337 new cars were registered in March 2017. A new record month, 8.4% up on March 2016. Registration have now jumped 6.2% in Q1 2017 to 820,016 units, a new record quarter. Undoubtedly these figures are boosted by consumers & businesses reacting to new tax changes effective from 1st April, pulling forward purchases into March.
mortimer7
12/3/2017
17:28
Link to MIDAS ...3rd story http://www.dailymail.co.uk/money/investing/article-4304594/Midas-share-tips-Builder-MJ-Gleeson-growing-stronger.html
jaf111
12/3/2017
09:39
also tipped in mail onsunday today by midas
manrobert
09/3/2017
16:05
Tipped BUY today in investors chronicle. Ic say oversold at this price. I have added on the weakness in share price.
seball
09/3/2017
10:54
M, thanks for the view. My Dad was a CFO so if unsure he is my usual go to. I tend to focus more on big picture/strategy, well aware of my limits ).
essentialinvestor
09/3/2017
10:42
There's some narrative on Net debt movement in the financial review cash flow section of yesterdays report. It is a difficult one to predict from an outsiders perspective with all the other working capital movements & the timings of the accounting cut off. Would have more meaning to us as investors if we could see a monthly trend. But at least it's going the right direction.
mortimer7
09/3/2017
09:52
Mortimer, what I was a bit surprised by was the net debt figure. Allowing for the parts sale, plus those other dealerships sold, then netting off the two acquisitions, I expected around 40 Million?. May not be looking at that correctly.
essentialinvestor
09/3/2017
09:49
Ah I see. I guess Lookers have no statutory presentational requirement to indicate the effects of the Benfield acquisition in their 2016 report. In 2015 year end accts, they acknowledged turnover growth of £330 million, of which acquisitions contributed £263m. (Benfield for the period 2/9/15 to 31/12/15)
mortimer7
08/3/2017
19:44
Like for Like, probably should have used a L in fairness.
essentialinvestor
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