Lookers Share Discussion Threads

[bikerserv] 02/9/2011 09:37

Anyone know why Selftrade won't put a value on my holding this morning?

[f1a5h] 01/9/2011 09:18

Quite a bit of share buying by Tony Bramall and the director, good to see!

[exv] 24/8/2011 15:56

Post on value investing blog re: Lookers:



Cliffs:

Positive on the business at the current price, given how well profits are holding up in a poor macro environment. If profits are strong in this setting, there's big upside if recovery comes faster than expected and likely strong performance (especially given the good divi) if we plod along or only have minor further downward pressure. Balance of risks seems skewed in our favour.

[rbf] 22/8/2011 18:56

Big purchase by Tony Bramall....hopefully his confidence is not misplaced, and the share price will respond positively tomorrow!

The Board of Lookers plc ('Lookers' or 'the Company') was today notified that on Friday 19 August 2011, the family interests of Mr Tony Bramall, a non-executive director, acquired a further 3,800,000 Lookers ordinary shares of 5 pence each ("Ordinary Shares") at 50 pence per share and on Monday 22 August acquired a further 93,000 Ordinary Shares at 50.75 pence per share.

Mr Tony Bramall and his family interests are holders of 89,337,637 Ordinary Shares representing 23.29% of the existing issued share capital of the Company. The issued share capital of the Company at 22 August 2011 is 383,661,508 Ordinary Shares.

[f1a5h] 19/8/2011 10:35

Anyone with level 2 on here? there seems to be some big buys but without level 2 i can't really tell?

[deadly] 17/8/2011 10:24

Excellent results today. This company is cheap.

[ondebanks] 15/8/2011 09:44

It's looking good for Lookers as it defies slump
Published Date: 15 August 2011

By Scott Reid and Philip Whiterow

LOOKERS, the car dealership group that owns Scottish brand Taggarts, will this week come close to matching last year's first-half profits haul despite a gloomy industry backdrop. The firm has leant heavily on its parts and after-sales business to weather the impact of the economic downturn on new car sales.

Lookers, which operates 124 showrooms selling marques such as Ford, Vauxhall, Nissan and Toyota, has had to cope with a new car market that has fallen by some 18 per cent in the first six months of 2011.

It has also faced a takeover approach from a consortium led by veteran investor and key shareholder Jack Petchey's Trefick group. Talks ended in June after the consortium lowered its original offer from 80p per share to 70p due to issues surrounding the values of freehold property and pensions.

Last month, Lookers, which moved into Scotland in 2003 with the purchase of Taggarts for £5.6 million, said trading had been solid despite the weakness of the car market.

Wednesday's interim figures are expected to be close to the record first half seen last year.

Lookers' parts division, which works with 2,500 suppliers through a number of UK sites, had a record three months to June. The Manchester-based firm had said previously the parts business was being helped by motorists focused on keeping their vehicles on the road in the current tough economic climate.

New car sales were down by 12.7 per cent but it continued to pick up market share. Used car sales increased by 5 per cent, while after-sales were also said to be on track with margins up on the previous year.

Mike Allen, an analyst at brokerage Panmure Gordon, expects interim profits of £22.5m against £22.7m a year ago, but Andrew Wade at Numis has edged down his full-year forecast due to concerns over the trend for both new and used car sales over the remainder of the year.

Last Updated: 14 August 2011 8:07 PM
Source: The Scotsman

[sscrabble] 14/8/2011 00:28

Panmure Gordon upgrades Lookers from hold to buy.

[miikke] 03/8/2011 12:01

Evidence on Pendragon?

[shroder] 03/8/2011 10:36

Shroder - 20 Aug'10 - 15:29 - 652 of 854 edit

I can't see Pendragon surviving the next 12 months in which case there will be a fair bit of stock about, also good for LOOK/INCH.

[miikke] 22/7/2011 16:45

Wow did you see that 15 million buy? Is this the first step in taking the company private? Any ideas anyone?

[frizsand] 21/7/2011 10:06

Car production up 1.8%

[miikke] 19/7/2011 17:29

I think something should happen here - and please none of this nonesense about buying out top of the range franchises in the luxury car market- no one has the money to buy these now?? Also they have a habit of lasting a long time so not a great move for growth in company profitability.
Its get back to basics with solid dividend growth and sensible financial management and that will lead the company through I hope.

[nheath] 19/7/2011 14:19

Yes 70p looks like a great price now. May be Lookers board needs replacing.

[miikke] 18/7/2011 22:01

Should Jack Petchey be invited back? Any thoughts?

[nheath] 18/7/2011 18:06

Massive decline - That takeover looks to have seriously damaged Lookers Health.

[miikke] 13/7/2011 09:48

The overhang of shares from the takeover speculation seems to be over now. We could well see realistic pricing setting into the share price in coming days and weeks.

[quidzinn] 08/7/2011 12:29

In yesterday pm @ 54.13 - out this morning @ 56.43 and cleared £1235 in 2 trades :)

Q

[quidzinn] 07/7/2011 11:01

I sold out yesterday at 57p - looking to get back in at 54p today ...

Q

[greg the grinch] 07/7/2011 09:49

The bid will return at some point and meanwhile they will do fine.
What will the share price be in a few years time.....great risk reward ratio over all timeframes.

[daz] 07/7/2011 09:18

With the general retailing environment so tough because spending power is being reduced with high inflation and low pay rises, there must be a good chance of downgrades coming through in the second half.

While the defensive nature of parts division will insulate LOOK much more than other car retailing groups, they still have enough exposure through both new and used cars, I can't see them being immune from the tough trading environment.

[cliley454] 07/7/2011 09:18

The drop is share price is only short term and will recover in a few days imho.

[sscrabble] 07/7/2011 08:42

So the offer was 70p a share , and the directors presumably felt that undervalued the company. They forecast more record figures. And the share price is floundering at 56p !!!

[this_is_me] 07/7/2011 08:13

Excellent trading statement; the company has excellent long term prospects.

[this_is_me] 06/7/2011 21:59

massive trades around 3:00, oissibly speculators dumping shares and now the overhang has been cleared.