Lookers Share Discussion Threads

[jaf111] 06/5/2020 10:26

Can I ask why LOOK over say CAMB or MMH?
Understand the recovery point but IMO LOOK (& PDG) have a number of specific issues / problems....

[nick rubens] 06/5/2020 10:12

Well, I've added today. Of course car sales aren't going to go crazy immediately but eventually we'll get back to a more reasonable level taking into account the recent shock imposed on the economy.

Lockdown has reduced sales activity to virtually nothing in most parts of the economy and this lockdown is coming to a close and the economy allowed to operate once again albeit with some 'awkwardness'.

[wobbly123] 05/5/2020 18:51

Jabers1 would love to have a bet with you nearer 15,000 than 25,000

[sbb1x] 05/5/2020 18:39

Certainly dont look good outside

[sbb1x] 05/5/2020 18:38

UK car sales plunge to lowest level since 1946https://t.co/hpNQlNBH7m

[sbb1x] 05/5/2020 18:38

Once in a lifetime stat. Italy new car regs -98%. https://t.co/6wjHSIncoN

[jabers1] 05/5/2020 11:54

May will see the U.K. registrations for new car sales come in over 25000 units, there is a huge amount of sold stock already at the dealerships and also more sold stock started being delivered last Monday by all manufacturers..

Confirmation has already been received throughout the network that the majority of sold units on the ground will be collected by customers this month..

[wobbly123] 05/5/2020 10:48

May won't reach 15,000 likely under 10,000.
Internet enquiries-lots of people at home with nothing to do.

[jaf111] 05/5/2020 10:39

Yes May will surely be a little better....

What will ammuse me this time next year (hopefully will still alive!) will be certain indivuals no doubt heralding the massive increase in YoY sales increase!!!!!

[mortimer7] 05/5/2020 09:59

With respect, May will be better, dealer showrooms are set to reopen. Vertu announced this morning that yesterday internet sales enquiries increased to over 400 for the first time since March.
Not saying things will be great, just that it will improve from April.

[wobbly123] 05/5/2020 09:48

Mortimer7
May won't be any better.
We are in a recession and people aren't going to rush into replacing their vehicles.
Any positive comments about the industry on this site can only be by people that are long and under water.

[mortimer7] 05/5/2020 09:20

Figures just published by SMMT show the number of new cars registered in the UK in April were 4,321. April 2019 was 161,064. A 97.3% decline.
In April there are similar falls across Europe, with France 88.8% down and the Italy 97.5%.

[wobbly123] 04/5/2020 08:36

JAF111 You are correct. Two basket case companies

[jaf111] 04/5/2020 07:37

what is poitive about two clearly struggling companies having engaged in preliminary merger discussions.....one is desperate / begging to be put out of its misery, the other too busy fire fighting......

[wilsman1] 03/5/2020 21:19

But positive for the morning as PDG obviously need us more than we need them...

[wobbly123] 03/5/2020 15:11

It also said that Lookers were tied up with FCA investigation at present.

[wobbly123] 30/4/2020 14:38

tjbird Totally agree with you. The idea people will return to buy cars and vans in numbers is fantasy land.
FCA fines
PCP Compensation
Fraud
No buyers
Assets need to be downvalued.

Going to lower some of my shorts to 6p from 10p

[nick rubens] 30/4/2020 13:21

Share price coming back from what looks like oversold/fear levels (as with many other company shares). Showrooms will reopen soon and social distancing is nothing much for them to adapt to.

Looking forward to further director buys once the accounts are published.

[woodwards26] 29/4/2020 17:55

Agreed any price now is just guesswork but long term and with Tony Bramall in their corner they should come back.

[wobbly123] 29/4/2020 16:23

NAV cannot be calculated without knowing
a) debts- FCA fines, PCP compensation, cost of the fraud.
b) What someone is willing to pay for an asset

Your assumption is a) = £0 b) = book price

I cannot see a car showroom being what it was worth last year to a buyer in the next year or so.

In view of the above 80p is a fingers crossed calculation.

[tjbird] 29/4/2020 15:53

80p NAV


VW opens plants

[tjbird] 29/4/2020 15:53

80p NAV


VW opens plants

[woodwards26] 28/4/2020 12:10

Jabers i only used warranty as an example of how a manufacturer will make a charge for an erroneous claim.I agree that some bonuses are often accrued throughout a year and then balanced at year end with full approval of senior management.I also agree that unit and volume bonus don't generally have self authorisation but this potentially can be manipulated for example fleet bonuses where a car could registered as fleet but the actual purchaser is retail . Any dealer caught doing this would receive a severe financial punishment and have the audit team all over them.I dint think we will see 5p or even 10p we all had a wonderful opportunity at 11/12p and a lesser one now but personally I would wait till athe air has cleared. Long or short now is a gamble . Longer term they will be bounce back