Lookers Share Discussion Threads

[beeks of arabia] 23/5/2020 09:48

Hertz arent going anywhere, they have filed for bankruptcy protection in the US.

[32campomar] 23/5/2020 09:42

Agree it's certainly not good news to have a flood of cars on the market all at once undercutting the stock dealers already have their margins are under pressure as it is!

[wobbly123] 23/5/2020 08:36

Disagree it means a flood of new cars unsold, which will reduce the cost of the vehicles Hertz had on order.

[jabers1] 23/5/2020 08:18

This is good news for residuals and all Franchised motor dealerships!

It means less nearly new stock being sold at auctions or guaranteed buy back deals.

[stmellons28] 23/5/2020 07:48

Car rental company Hertz files for bankruptcy protection, pushed by debt and coronavirus pandemic

[diku] 22/5/2020 18:39

Where is the money coming from?...more cheap finance or free fiance...

[stmellons28] 22/5/2020 17:38

You may be right, I said public transport as well ? Surely people be buying a car than travel on public transport ? Russian roulette public transport with the virus about.

[wobbly123] 22/5/2020 16:49

So your theory is people not taking a holiday will but a car. Have to say don't agree with you.

[stmellons28] 22/5/2020 16:22

Lookers fighting hard today 🙏 I’m hoping people be buying cars as sum elderly people won’t be going abroad again ? Also I would rather buy a car than travel on public transport? Just my thoughts ?

[nick rubens] 22/5/2020 09:57

Do we know when the delayed accounts are to be announced? I know it's in June sometime. I originally thought the stock might take a run up to the results but it seems to be taking a run down, expecting bad news.

[stmellons28] 21/5/2020 16:40

Sub 10 ? I bought 20k in the last 2 days I wish I held my money if sub 10 is coming

[32campomar] 21/5/2020 16:06

Looks to me like it's going to head back down to the March low of 11p in next few weeks

[wobbly123] 21/5/2020 15:52

Now down to 17p

[beeks of arabia] 21/5/2020 15:29

Strange comment re:pdg earlier.The picture isnt nice due to covid however the picture is at least known, which probably explains todays rise.Unknowns are what put share prices in the doldrums.

[wobbly123] 21/5/2020 15:26

Only time will tell.

[stmellons28] 21/5/2020 15:07

Sub 10 ? I bought 20k in the last 2 days I wish I held my money if sub 10 is coming

[wobbly123] 21/5/2020 14:18

Still confident sub 10p and getting more confident

[32campomar] 21/5/2020 13:48

There's certainly a Persistent seller out there. My reckoning is people will buy more cars rather than risk public transport but as you say it's a risky one with the ongoing investigation.

[nick rubens] 21/5/2020 13:41

There is going to be around £4 million cost from the Fraud in upcoming the 2019 accounts which alone isn't too disastrous.

A bigger concern is the investigation extending which will hit the 2020 accounting year. Not sure what amount that could reach, hence my cold feet. I may regret selling if news lands and the shares rally but in this climate, business is hardly going to suddenly boom, but the market just needs the confidence that this is not the start of a potential terminal decline. Could it get that bad really?

[32campomar] 21/5/2020 07:32

Poor results from pendragon this morning, it's going to be a long haul back.

[skypr] 20/5/2020 22:15

still keeping this one... didn't close when I had 30% up, now I'm on minus... but for me this is long term one. Same as CINE and NEX

[wilsman1] 20/5/2020 22:07

I used to run one of those!

[threadworm] 20/5/2020 22:03

I overheard a conversation earlier about Lookers...

Can someone clarify as I'm not sure I heard correctly...

Is it a fraud probe they have going on or a ford probe?

Thanks in advance.

[diku] 20/5/2020 21:15

Makes you wonder if any money is disappearing from other smaller/micro caps due to this lockdown...wider shareholders always high and dry...



Nick Rubens19 May '20 - 10:37 - 1861 of 1869
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This fraud that is costing £4m and potentially more is a concern that I think I may have brushed off too naively. Will anyone even be held accountable/prosecuted?

It seems that shareholders are always the ones losing out when employees go astray.