Lookers Share Discussion Threads

[sphere25] 10/3/2021 13:55

Price up another near 7% at 50.9p.

Are we through 50p at the first go?

All imo
DYOR

A few traders taking profits at around 52.5p. I see you! ;-)

Good stuff. 17% move in a flash from when highlighted yesterday

[sphere25] 09/3/2021 16:37

Don't mind my ramblings. I am "trying" to be "clever" in highlighting particular things or "trying" to hint at particular things or "trying" to pick breakouts before they even happen.

Folk are selling breakouts when it is clear to see very strong demand for shares. Unfortunately, it happens too often.

Price has broken out and closed up 7.2% at 47.7p.

All imo
DYOR

[daneswooddynamo] 09/3/2021 13:37

Always good to remember that, one of the first lessons learnt 25 years ago! That said I have been firmly on the buy side here over the last few weeks

[wobbly123] 09/3/2021 13:25

If someone buys someone is wiling to sell.

[sphere25] 09/3/2021 13:15

And whilst alot of folk have been selling today, I have added again.

Algos are queuing up on the bid here.

Is it time for the breakout?

All imo
DYOR

[sphere25] 09/3/2021 10:52

Well, I have been watching the trades here and the large buyers mopping up all sellers at these levels, even if they stick a large order on the book. Followed them in and bought, just added a few more now.

Thank you to Jabers1 for posting the broker note in post 2491 and 2492. Those are well worth a read and paint a nice picture for market participants. It is the numbers attached to the earnings recovery here that look interesting:

"This should result in a strong recovery in profits once lockdown ends and demand recovers; we expect PBT of £26.0m in 2021 and £43.8m in 2022 giving EPS of 5.3p followed by 9.0p. This should enable a return to dividend payments – perhaps up to 3p for 2022 – although this is not yet in our forecasts."

"At today’s share price of 41.8p, this would put the shares on a PE of just 4.7x to December 2022 while a 3p dividend would give a yield of 7.2%. The shares also have considerable asset backing; property portfolio per share was 80.4p at 30th June 2020 and NAV per share was 63.6p."

The asset backing and potential dividend clearly help but the high leverage must absolutely be taken into consideration too. I have ignored the bluesky earnings and re-rating potential, even though it doesn't sound outlandish. Overall though, I think the market can look past the leverage and re-rate the shares substantially higher if they get anywhere near those profit numbers.

VTU is the one that I have posted on more often in dealerships. It is a more comfortable holding (and a great trading share) but the market has been happy to bid up PDG and is the type of market where LOOK (even though nowhere near as speculative as many) could get re-rated quite rapidly.

The price does have a tendency to move sharply once sellers are cleared and clearly there is significant demand for shares at these price levels. It wasn't easy buying this morning too so unsure if the supply of shares is close to being exhausted at these levels.

Price is currently close to a breakout so happy to ride any short term momentum higher here but will keep a tabs on the updates too as the longer term upside could clearly be alot more significant.

All imo
DYOR

[sphere25] 08/3/2021 09:57

Threatening a break higher with large seller orders gobbled up at 44.2p including one sizable chunk of 895k, which was not via the LSE, so won't count toward the ADVFN volume. Current ADVFN volume 322k.

Large iceberg buyer at 44.2p on the bid at the moment.

All imo
DYOR

[jabers1] 08/3/2021 07:29

Lookers PLC Appointment of Non-Executive Director

08/03/2021 7:00am
UK Regulatory (RNS & others)

Lookers (LSE:LOOK)
Intraday Stock Chart

Monday 8 March 2021
Click Here for more Lookers Charts.
TIDMLOOK

RNS Number : 3940R

Lookers PLC

08 March 2021

8 March 2021

Lookers plc

Appointment of Non-Executive Director

Lookers plc, ("Lookers"), one of the leading UK motor retail and aftersales service groups, is pleased to announce the appointment of Paul Van der Burgh to the Board of Lookers as a Non-Executive Director. Paul will join the Board on 1 April 2021 and will be a member of the Audit and Risk, Remuneration and Nominations Committees.

Paul is highly experienced in the global automotive industry, having held senior executive positions at leading multinational brands around the world for over 35 years. He spent 15 years at Toyota and Lexus, most recently as the President and Managing Director of Toyota (GB). Prior to this, Paul held a variety of roles at Ford in the UK and the Americas. Paul has also been an Executive Director of the Society of Motor Manufacturers & Traders.

Phil White, Chairman, commented:

"We are absolutely delighted that Paul will be joining the Lookers Board next month. His track record at both Toyota and Ford speaks for itself. He is well known and highly respected throughout the motor industry for all he has achieved in his career. His in-depth understanding of our industry, combined with his extensive experience, will be a great asset to Lookers as we continue to lift the brakes on the business and look forward to the multiple opportunities ahead. Paul's experience and guidance will be invaluable to us on that journey."

Paul Van der Burgh commented:

"I am thrilled to be joining the Lookers Board at a very exciting time for the business. Having spent most of my career with major global manufacturing brands, I really appreciate the importance of a strong, well located dealership network. I am also well aware of the changing dynamics in the market, not least through electrification and digitisation, where Lookers can further enhance its proposition and prosper in the current environment."

There is no information in respect of Paul Van der Burgh which would require disclosure under Listing Rules 9.6.13(1) to 9.6.13(6) inclusive.

[jabers1] 08/3/2021 07:29

🚀🚀🚀

[sphere25] 05/3/2021 15:55

Some interesting exchanges here at 43.5p. Price is rangebound at the moment, but it's on the list watching for a breakout.

All imo
DYOR

[woodwards26] 04/3/2021 15:05

That's pretty good result for this year a lockdown month compared to fully open .Doesn't really make sense I would have expected 50 or more percent down so I suspect a fair number of self registration activity.

[mortimer7] 04/3/2021 09:36

SMMT have announced the number of new cars registered in the UK during the month of February was 51,312, a fall of 35.5% compared to February 2020 figure of 79,594.

[oharebj] 04/3/2021 09:36

Very positive article in today's Times about incredibly high levels of household savings and a predicted spending splurge on cars & durable goods when lockdown ends. Not specifically about Lookers but should help the entire sector.

[glavey] 03/3/2021 02:55

"Looks like pound coins on sale for 50p"

Which should suggest to you that you need to take a closer look as they are probably fake. :-)

[simmsc] 02/3/2021 22:42

It's funny how the position in your portfolio that you paid the least attention to ends up showing the biggest percentage gain. This was a small punt that i took and it's also the one with one of the happiest endings. Even though stock markets are all about making money, it just goes to show that it's not always the money that makes us smile the most.

[jabers1] 02/3/2021 19:00

Now the FCA issue has been dealt with, don’t be surprised if theres a bid comes in soon. This company as the Zeus Analyst highlighted yesterday could easily have £5bn of sales in 2022.

[daneswooddynamo] 02/3/2021 17:28

Looks like pound coins on sale for 50p

[daz1712] 02/3/2021 17:18

This is worth more than 43p I personally won’t be thinking of selling till it’s £1.20 having added from the bottom in March 2020 when everything crashed and the doom and gloom merchants were arranging the funeral, some investors here had confidence to hold and buy more.
£1.20 within 12months

[flyfisher] 02/3/2021 12:17

Yes that is correct at the interim stage but they have incurred exceptional costs since then and year end net debt is reported as £45m later in that statement.

Adding back the £10.4m provision should give year end net debt of £35m and nav around 70p.

[farrugia] 02/3/2021 11:46

from the 29th Jan statement

· Net debt of £11.0m at 30 June 2020 (31 December 2019: £59.5m) driven by strong working capital and cost control, alongside the benefit of deferred VAT and delayed PAYE / National Insurance payments agreed under Government schemes.

Not much?

[flyfisher] 02/3/2021 11:38

Yes, but it also has debts.

[farrugia] 02/3/2021 11:32

is it true that the properties that Lookers PLC own is worth more than its market capitalisation?

[babbler] 02/3/2021 08:08

Nice buying. Should now rerate back up.

[jabers1] 02/3/2021 07:22

🚀🚀🚀 Patience always pays off! This is massive for the company.