Lookers Share Discussion Threads

[jabers1] 16/10/2020 07:46

🤡🤡🤡🤡9313;🤡ԍ13;

THIS IS WHAT THIS CLOWN POSTED IN AUGUST


Very grim news for holders of Lookers shares. Have lowered my short close from 10p to 7p.

Wobbly12320 Aug '20 - 08:07 - 2218 of 2268
0 2 0
1) Accounts delayed again.
2) Going to revise previous years figures.
3) Trading figures when you look past the spin, not good.
4) Still have FCA investigation.
5) Possible PCP compensation
6) 2nd wave ?
7) Shrinking the number of sites.

[jabers1] 16/10/2020 07:33

We operate within this industry and its without a doubt on fire 🔥.Margins are exceptional and the sector will be re-rated soon...All listed operators are way undervalued...

[daz1712] 16/10/2020 07:12

Looking good, wouldn’t fancy a short position, revenue up on the most profitable parts of the business, costs reduced and debt levels down massively
Should be back in November for trading and accounting upto date

[jabers1] 16/10/2020 07:11

Please take a moment to read over the previous posts of Wobbly123 🤡🤡🤡

[loads2] 15/10/2020 17:14

28th just before end of the month?

[mortimer7] 15/10/2020 16:41

Lookers update likely tomorrow.

[jabers1] 05/10/2020 11:34

Who ever assumed the figures wouldn’t be down needs to do more research...Factories were closed for months and still playing catch up, order book for Q4 is stronger than ever..

Soon all will be revealed and the 🤡 will become a 👻

[wobbly123] 05/10/2020 10:48

Figures for Sep 20 will include people that may have taken delivery earlier in the year and wanted a Sep plate, so 4.4% down can't be the true picture.

[daz1712] 05/10/2020 10:11

Interesting figures, if Lookers profits are based on new car sales looks like a 4.4% drop in revenue and PBT in September. If you take into account a rise in used car prices and the most profitable part of the business, is after sales then can see the whole picture

[loads2] 05/10/2020 09:53

I went to my local car dealership at the weekend albeit inchcape. But it's by appointment only. Mask is a must. Cant sit inside cars (unless u have prearranged it). Nothing spontaneous. All very clinical. Hardly surprising sales are down in September 2020 vd 2019.

So much for lookers claims about pent up demand. More like a dead cat bounce than restitution of upward trend

[mortimer7] 05/10/2020 09:14

The total number of new cars registered in the UK in September were 328,041 vs 343,255 last year. A 4.4% reduction on September 2019. (SMMT Figures).

[diku] 29/9/2020 22:52

What is the purpose of Independent Executive Directors?...

[daz1712] 29/9/2020 22:43

How much is lookers worth if everything was sold this year?

NAV is easy to calculate from the books but in reality this company has a much higher real value than just NAV

A really bad situation which has yet to be finalised with possible fraudulent transactions and overstated profits isn’t the Nail in the coffin it’s a bad cold or flu, maybe a positive COVID-19 🤔but the companies underlying health is great.
A recent post said they might not trade again, but everyday this year the management and staff are trading and getting on with selling and maintaining cars, the only pause is the share price and short term speculators

[woodwards26] 29/9/2020 10:59

I think most dealers will cross back into a calendar year to date profit at the end of September. Then it's the hardest quarter but hopefully year end bonuses will be good.A dealer that say made 250k last year will most likely have been in loss around 100k at the end of May and wil still be in small loss now but should come out of September with 75 k ytd profit and looking for optimistic 100k by calendar year end .This is a far cry from can we break even this year still 150k per site down but not as bad as it could be.I believe most motor trade share prices are depressed on low expectations and the reality whilst a lot worse than last year is better than could have been foreseen 3 months ago.Keep watching and do some mystery shopping in your local dealerships to see if you can gauge how it feels

[nick rubens] 28/9/2020 12:35

I think wobbly has got this one right. I did manage to quickly trade out of what was going to be a long term hold originally.

Delays like this are never on the good side.

For shareholders sake I hope I'm wrong. I never like seeing shareholders losing money while directors/management and everyone else involved make money, while companies are run irresponsibly.

Depending on how things are when/if they resume, I may buy back in again. I understand that NAV is high, so there is something to fall back on if things are bad.

[loads2] 28/9/2020 11:39

Actually who knows which dealerships had the fraud?

Who knows if the frauds wont happen again?

The new senior leadership team are weak, very ..

[jabers1] 28/9/2020 11:32

Time will tell...

[wobbly123] 28/9/2020 11:17

Jabers1 dreaming again

[loads2] 28/9/2020 11:05

Wasnt the fraud at the Audi dealerships?

[jabers1] 28/9/2020 10:48

Phenomenal profits and volumes in this sector at the moment, i would expect an announcement within the next 10 days.

Within their current 135 dealerships they hold 12 Audi,Ferrari, Bentley and Mercedes, these alone are worth more than the current market cap.