Lookers Share Discussion Threads

[the stinger] 04/6/2020 08:56

Should be at 50p plus this,, especially with assets taken into account.

[jabers1] 04/6/2020 08:31

For too long the manufacturers have dictated to their dealers about head count requirements and opening non profit making sites to give market area/territory exclusivity.

Everyone has forgotten about the £17m cost saving until April 2021 with NO property rates being paid, this on top of the closure of non profit making sites and government help with Furlough make this a very interesting play.

Again i will state the FRAUD INVESTIGATION has been blown out of all proportions.

[jaf111] 04/6/2020 08:28

I accept the asset argument point to an extent and yes of course a potential recovery play.
Good luck!

[32campomar] 04/6/2020 08:18

83p assets per share I should say

[32campomar] 04/6/2020 08:18

Stripping out costs, proactive management. 83p Precisely the time to buy in my book. Good old fashioned Recovery play.

[jaf111] 04/6/2020 08:15

As I said a curate's egg BUT come on 32campomar - how many companies showing 51% yoy sales growth also announce a significant redundancy programme????

Talk about tinted glasses.............

[slack22] 04/6/2020 08:12

In the last 2 weeks sales are up 51% year on year

"....which on a like-for-like basis represents approximately 51 % of sales for the same period last year"


I don't think this is an increase.

[my retirement fund] 04/6/2020 08:09

Get stuck in then my boy!

[32campomar] 04/6/2020 08:05

In the last 2 weeks sales are up 51% year on year. Reads remarkably well to me.

[32campomar] 04/6/2020 08:03

Net asset book value of 83p per share stands out!

[my retirement fund] 04/6/2020 07:54

Looks like they are doing their level best to stall this. Never bodes well.

[jaf111] 04/6/2020 07:53

RNS is certainly a bit of a curate's egg....
It will be interesting to see how Mr Market reacts....

[onjohn] 04/6/2020 07:43

Fraud Investigation
On 10 March 2020 the Group announced a delay to the publication of its financial results for the year ended 31 December 2019 due to the identification of potentially fraudulent transactions in one of its operating divisions. The Board engaged Grant Thornton LLP to undertake an investigation, supported by an internal team. Initially, the review focused on the operating division concerned and subsequently this was extended across all operating divisions to ensure the completeness of the review.
The Grant Thornton investigation is now nearing completion. Grant Thornton have produced a draft report which is now under review and verification by the Board ahead of Grant Thornton preparing their final report. The draft report is also with the Auditors for review in the context of the 2019 audit opinion.
A further update will be provided once the final findings of the investigation are known.

[onjohn] 04/6/2020 07:41

Quite a lot of redundancies to be made

[jabers1] 03/6/2020 19:59

Enjoy tomorrow’s announcement girls

[jabers1] 03/6/2020 19:59

🤡🤡🤡

[jabers1] 03/6/2020 19:10

If you were a domino you’d be a double blank

[cantbeatthefigures] 03/6/2020 18:11

Exceeding expectations doesn't mean anything if the start point is low or not known.

Being positive and posting PR nonsense won;t make the share price rise, as most investors rely on facts not spin.

[cantbeatthefigures] 03/6/2020 12:39

Nick Rubens.Agreed

[nick rubens] 03/6/2020 11:44

The damage is done from the lockdown. There won't be any magic sudden bounce to where we were pre-lockdown in the next couple of months or so.

However there is going to be a steady and slow recovery and that has to be managed financially. ie don't go bust meanwhile or get into too much debt etc.