Lookers Share Discussion Threads

[ali47fish] 04/8/2022 08:39

i had 29th july for an update - didnt happen anyone knows when the next results are?

[ali47fish] 27/7/2022 08:22

my why do you say forward looking statement weak?

[my retirement fund] 25/7/2022 10:38

Although the results should be good, the forward looking statement is going to be anything but good, hence the weakness. Has the bad news been factored in ? I doubt it.

[mrnumpty] 21/7/2022 15:50

According to the LSE website , there were two big purchases today : at 12.41.47 , 288,909 shares bought at 77.6p , for a total consideration of £ 224,190 ; at 12.49.34 , 200,000 shares bought also at 77.6p , for a total consideration of £ 155,200 . So far today , LSE reports only 16,706 shares sold against 528,521 shares bought ( you might wonder why , with “ buys “ vastly outnumbering “ sells “ , the share price remains subdued ! ) . These facts , together with Net Average Value of 91p per share , recent director purchases , reasonable dividend yield , a low p/e , and hopes of a takeover bid at such low values motivated me to buy back in this afternoon .

[wynmck] 12/7/2022 12:06

Results on 24th august

[ali47fish] 07/7/2022 16:04

cfo buys is it significant?

[ali47fish] 05/7/2022 16:04

dir buys 50000 shares

[mortimer7] 05/7/2022 11:42

UK New car registration figures for the month of June released today by SMMT.
Total 140,958. 24% down on June last year & the lowest June total since 1996.
Interesting that 6 months year to date, number of private buys is actually up year on year, whereas the biggest fall is in the Fleet market.

So short term these numbers are not too much of an issue for Motor retailers, as traditional fleet margins are so low. The supply of available units is being channeled
to private buyers with the consequence that retailers will be able to maximise the profits on each unit (ie not discounting).

[c_k] 29/6/2022 10:37

The City like it so I am sticking in here and do like the value of their assets and cash at bank. I am looking at as a hold in the medium term as the car market should remain tight on supply so no discounting should keep profits up.

[babbler] 29/6/2022 08:24

yes but they have been cautious hence now they state profit above expectations to come. 91p just for properties and cash means nothing in there for this. IMO.

[c_k] 29/6/2022 07:27

I note a lot of positives, including high margin business, but the decline in used car sales may tempt price reductions. The comment about weighting to H1 sounds like they are concerned with H2. Overall I can see new cars won't be discounted so profits from that and servicing should help the, through possible reductions due to the current squeeze on households available cash.

[babbler] 29/6/2022 06:37

Nice update. 91p cash and property alone.

[dougmachin] 07/6/2022 13:05

Ali ~ big ticket items... stuff that are expensive. Eg. Upgrading your car to a new or a better second hand one.

These kind of luxuries are the first to go if there's cost of living pressures.

[ali47fish] 07/6/2022 12:29

aishah i have no clue what you mean by big ticket items... etc?

[wynmck] 07/6/2022 11:40

Tempus BUY....possibility of a takeover bid from Constellation

[aishah] 23/5/2022 22:43

Cost of living and energy crisis. Big ticket items will get binned surely?

[dougmachin] 23/5/2022 09:21

Anyway, that further ridiculous 5% drop first thing this morning has been reversed.

[farrugia] 23/5/2022 07:57

Market sentiment (dare I say it) is having positive days - you kidding me right? Mark et sentiment is very low, many stocks have been beaten up severely.

[dougmachin] 23/5/2022 07:43

Anybody got any idea about the continued fall here?

19.9% of the shares bought ay 102p. That's +56% upside now from here.

250,000+ pounds worth bought recently by the CFO/COO/CEO/NED (in total).





Market sentiment (dare I say it) is having positive days, so not that either.

WTF is going on here... or just a time to top-up?

[neo26] 22/5/2022 21:14

Why is it cheap, company has positive cash even after debt paid.

[dougmachin] 21/5/2022 12:41

Lookers went ex-div on 19th May, right?
Paid date 24th June.
2.5p/share.

[ali47fish] 21/5/2022 08:27

thanks farrugia

[farrugia] 21/5/2022 06:30

my rationale is that its cheap and the real estate by itself is worth the market cap. Anyway I'm in for a trade!