Lookers Share Discussion Threads

[jabers1] 29/10/2020 11:12

A man of Tony Bramall’s standing would not be leaving just under 80m shares in a company without keeping his place one the board unless he was comfortable with the current situation!! 😎 WATCH THIS SPACE

[mortimer7] 29/10/2020 10:56

RNS today
"Tony Bramall, who has been a Non-Executive Director of Lookers since 2006, has indicated that he will now step down on 31 December 2020, the end of the current financial year, instead of at next year's AGM, as previously announced."

So Mr Bramall has pulled forward his leaving by 6 months.
The important question now... what are his plans for his 19.5% shareholding?

[effortless cool] 29/10/2020 10:14

Hi woodwards26, apologies for going off thread topic, but do you have a view on CAMB compared to others in the sector?

[woodwards26] 28/10/2020 20:12

Mmm Jabers Vertu are 50% higher than a suspended price but I get your logic.I subscribe to the theory that only invest in sectors you understand and mainly I only understand the motor trade.Last time the sector gave opportunities like this was 1998 to 2000 somewhere on here I will have posted about Vertu and Lookers over the years.Pendragon I've always been wary of, Vertu to me are the new kid on the block sometimes up at close to 60 normally around 35 and to me seem a touch high in these times. Lookers I feel are the strongest of the three although the market disagrees with me !Over the last few years Lookers shares have led the market and Vertu followed. Mostly lookers have been double Vertu. I don't see that refusing in the short term but 50 % above is my feel I

[jabers1] 23/10/2020 11:03

Pendragon now valued at 3x more than Lookers, Vertu now valued at 50% more than lookers.

Ignore the 🤡🤡🤡 On here and simply do the maths.

FCA report and investigations now concluded, the company will not be thrown to the slaughter by the FCA....

The fraud investigation will be confirmed that it relates to a specific situation and not Group wide.

[jabers] 17/10/2020 16:54

Best everyone ignores the 🤡🤡🤡🤡 on this board for now and return once you read the RNS next month...

[jabers1] 17/10/2020 14:28

ALWAYS BEST TO LOOK FORWARD AND NOT BACK...💵8181;💵ԁ81;💵💵;💵

The Group's trading in Q3 was better than we expected. This was underpinned by our significant outperformance of the UK retail new car market, robust like-for-like growth in both used car sales and aftersales revenues. It also reflected the strengthening of used car margins and the cost saving and other benefits of our restructuring programme.

On a like-for-like basis, the Group sold over 42,000 new retail and used cars, 13.6% higher than the same period last year. This growth was fuelled by the release of pent up demand from over two months of closure and the ongoing trend of private car use instead of public transport. We have also had a good customer response to our improved, simplified and more digitised sales process, which has helped boost our performance.

[jabers] 17/10/2020 14:25

Nothing new for all to read there

[wobbly123] 17/10/2020 14:21

Jabers1 you can continue to claim you have the inside track on everything as long as you like, but your comments regarding the FCA give you away. Leave this BB to the grownups

[jabers1] 17/10/2020 14:14

Over 42000 cars sold in the quarter and Still there is a 🤡 on here who continues to be negative...

Vertu have seen some of their shares purchased by one of the shrewdest players in the country...This sector is well undervalued

[jabers1] 17/10/2020 13:59

Time will tell who’s knowledgeable and who’s not, let’s wait and see..

[wobbly123] 17/10/2020 13:51

Jabers1 in dreamland again

[jabers1] 17/10/2020 13:37

These will fly after the announcements which will clarify everything...

[anderson sw] 17/10/2020 12:54

I guess it's so uncertain just now nobody can accurately forecast a baseline for future annual results.

Surely given the past, allowing for some permanent decline and ignoring the debacles of 2019 and 2020 you can land on 30m per year pre tax without too much fear of being ridiculous? Surely?

That's worth 120m, plus say 230 for the 300m of book value freehold. 350 against current market cap of £80.

That say's it's an absolutely screaming buy at 20p. Improved valuations and increased M&A amongst US dealerships over past 18months would further suggest a rerate of the sector is due.

I'm going to put my own guess on December 31 price - 80p.

Maybe I'll get my £1.23 per share back one day after all.

[jabers1] 16/10/2020 13:36

The FCA issue has already been sorted, the Fraud issue has been blown out of all proportions. Today the value of the company is circa £80m according to the valuation at 21p a share. They have property valued in excess over £315m net debt is negligible. Do the maths and it does get extremely interesting...ԁ76;💰💰;💰

[daz1712] 16/10/2020 13:11

Good question Anderson do difficult to call at the moment with everything going on with the uncertainty in the markets and the results to still be released.

Looks promising on today’s update for the long term profitability for Lookers and the added benefit they own millions in freehold property.
If you don’t need the cash would hold out on this one

[jabers1] 16/10/2020 12:39

No point in engaging with the 🤡🤡🤡 who think that this will do a dead cat bounce 40p to 30p, just wait for the statements to be released next month and then it will be clear for all to see the amazing results.....

[loads2] 16/10/2020 11:45

40p as a dead cat bounce before settling at 30p

[anderson sw] 16/10/2020 11:20

I've held this dirty dog for a long time now.

I've way too many shares in it and have an average buy in price of £1.23!!!!!

What a genius I am.

It's been too ugly to look at for such a long time now I've hidden away. But I read the RNS today and it seems maybe, just maybe there's a glimmer of hope.

I know I'm never seeing £1.23 again in this lifetime but I wonder if any of you guys who follow it more closely than I've had the stomach for the past couple of years might hazard a guess at where the price will land when the suspension is lifted?

[jabers1] 16/10/2020 10:41

Guarantee he’s either related to WOBBLY123 or it is indeed him posting under another alias. 🤡🤡🤡 Who in their right mind would comment that Q1 was bad and then not expect to get slaughtered...ԍ13;🤡🤡;

[daz1712] 16/10/2020 10:06

‘H1 was bad’😂😂😂
28514; think a few of the best run companies in the world would agree with you

[loads2] 16/10/2020 09:26

So Q3 was good, H1 was bad, and still squabbling about 2019.

Reporting deadlines 30 June, 31 August and 31 October all missed

Maybe November?

I think Mark Raban is being stitched up by someone who wants his job.