Lookers Share Discussion Threads

[jabers1] 23/4/2020 07:51

Very good article.

[nick rubens] 17/4/2020 16:15

I've been buying myself to hold a few months.

I suppose upcoming results will give a clearer and more decisive direction.

[wobbly123] 17/4/2020 16:01

Won't be going a anywhere, will be looking for a cruse to book for 2021 when closing the shorts at sub 10p

[jabers1] 17/4/2020 15:36

The consumer cannot swap at the moment as the majority if not all Uk dealerships are closed..

Please don’t disappear next Thursday too quickly, stay for a chat.

[wobbly123] 17/4/2020 15:03

Didn't say not allowed.
You get a 3 month holiday on your PCP, so have 3 months left at the end of the term, are you going to swap for anew car and pay the 3 months or wait 3 months ?

Don;t have a problem with understanding how financial markets work.

All markets work on two sides to a transaction a buyer and seller. You are long I am short, the difference is you could cash in with a loss, I could with a profit but not going to as I believe sub 10p on the way.

One of us will be correct and 1 wrong.

P.S. Lenders lend based on risk, the risk in lending has risen over the last few weeks.

[jabers1] 17/4/2020 14:13

If i have a car that’s 14 months old or 22 months old and on PCP where are you getting the information that i won’t be allowed to swap the car once it reaches 36 months old and the contract matures?

3 month extension on finance payments means that the people currently due to replace who cannot because their dealership is closed, this is not an open book for all PCP CONTRACTS to be given an extra 3 months at the end of their contract, it is SENSIBLE ACTION TO PREVENT anyones credit rating being wrongly marked as default.....

WILL LENDERS WISH TO LEND AT VERY LOW RATES 🤡🤡 For your information it is MARGIN that all lenders work on and it is easier for them to make money when interest rates are so low... Do you think banks and building societies only lend when interest rates are high?

All motor vehicle Finance Houses borrow their capital from the financial markets

[wobbly123] 17/4/2020 12:37

Still see 10p or less. FCA say 3 month extension on finance payments, so a car due back to be replaced after 36 months, now 39 months. Mileages hardly clocking up at all. Retailers open up and no 80% from government yet costs soar. People and business credit ratings will be affected so ability to obtain finance ?. Will lenders wish to lend at very low rates?

To me 40p is fantasyland.

Final word, Finance Directors can bury all sorts under Virus at present, so incentive to throw all the bad news into 1 set of accounts.

[jabers1] 17/4/2020 12:16

Results will be out next week, clear the air and then off and running, CAp and Glasses guide still confirming that residuals will not be dropped until a near full months data from the auction centres is available...

A return to 40p will happen pretty quick, don’t forget £17m of costs saved with the Rateable Value Government Help for 2020/2021 and also £25k Government Grant X 150 SITES = £3.75M (This is a one off Grant and does not get repaid) This alone is a £20m swing between costs for rates in previous years and now the one off payment of Grant money on top.

Good luck to everyone who is short.👀€064;🤡㊃3;🤡

[nick rubens] 17/4/2020 11:57

Should only be a few weeks away at most before the showrooms reopen and just use distancing rules.

Might even be a better experience buying a car with the salesman keeping his distance. :)

[skypr] 15/4/2020 23:02

same gonna happen here, lets just wait!

[investor73] 14/4/2020 13:08

Chinese car market reports rise in sales as customers return to showrooms.

[nick rubens] 14/4/2020 11:30

How are you 'short' wobbly? Spread Bet or have you borrowed shares from a shareholders to go short sell?

cheers NR

[wobbly123] 14/4/2020 10:38

Car Boom-not a hope in my opinion.
1) People will be cautious with money.
2) People will hang onto their current cars for longer.
3) The new car stock is getting older by the day.
4) Most people haven;t been receiving 100% of their normal income.
5) Will lenders want to lend at silly low interest rates ?
6) Will the push to electric continue for the time being ?
7) Manufacturers have been forced into hybrid and electric, fuel prices are lower than they have been for a long time, so the incentive for hybrid/electric has reduced.

Just my opinion and for openness I am short car dealers and didn't wish to take Lookers profits at 17p.

[investor73] 14/4/2020 10:25

The coronavirus pandemic may turn out to be a blessing in disguise for the auto industry, which wasn't doing well even before the outbreak.

There is possibility of a car boom after the lockdown is lifted, as social distancing becomes a common practice.

[investor73] 14/4/2020 10:08

Sales will pick up when lockdowns are lifted. Many peole are likely to avoid the public transport due to coronavirus.

[ihavenoclue] 14/4/2020 10:00

Sizzle sizzle Wobbly

[wilsman1] 10/4/2020 10:55

Fantastic divi payment record just saying.

[wobbly123] 09/4/2020 10:24

Thursday before long weekend, markets going up based on nothing but dreaming

[onjohn] 09/4/2020 08:50

56p last director buy around 3 months ago

[ihavenoclue] 09/4/2020 08:32

What's that smell? Oh it seems it is Wobbly burning!!

[skypr] 09/4/2020 08:31

nice jump this morning! Broken 20p mark... and heading up 😍

[wobbly123] 08/4/2020 12:25

Jabers1,

Disagree, People can;t pay PCP's they won't take out a new contract, so new car sales dive. Dealerships are on the hook for mis-selling.
Roberto Mancini-Agreed hold your ears the bubble will burst.

[miikegunn] 08/4/2020 11:50

William hill if it drops

[jabers1] 08/4/2020 11:42

There is zero liability for any dealership who have sold vehicles to customers on any of the following finance deals, PCP, Hire Purchase, PCH and Contract Hire agreements these are all underwritten by the Manufacturers Finance Partners.

[roberto mancini] 08/4/2020 10:42

Fears are growing of a crisis in the UK’s £75bn car loan market, where 6.5m vehicles have been financed through leasing deals with monthly payments that are already proving unaffordable for some laid-off as a result of the coronavirus. The Finance and Leasing Association (FLA), which represents the credit arms of the car manufacturers as well as the banks, said: “It’s early days in terms of quantifying the impact on arrears, but the number of forbearance requests has grown significantly in recent weeks.” – Guardian

Is this the next bubble set to burst?