Lookers Share Discussion Threads

[mortimer7] 25/4/2019 09:09

Ex Divi today 2.6pps, hence slight share price dip.

[tim 3] 23/4/2019 20:51

Absolutely superb service from them today.

I have worked in customer service all my life and they have it spot on good communication friendly staff and fast turnaround (unlike Bristol street motors which my dad deals with who are the opposite.)

I guess there is plenty of uncertainty in the sector at present and more people seem to be buying on the net so outlook it tricky but they are certainly doing the right things.

The key is to use the net to get punters into dealerships where they can forge links and build loyalty at the end of the day even of you buy on the net you still have to go somewhere physical for service.

[uzzymaz] 17/4/2019 19:35

£1 very soon again

[mortimer7] 17/4/2019 09:57

Share price drop this morning looks to have been triggered by Pendragons disastrous quarter one trading update RNS.
I don't think Lookers business will be as poor as Pendragon: Remember....
For the last year end to 31/12/2018 compared to previous year, Lookers Turnover & GP both went up, Pendragons both went down.

Buying opp today IMO.

[tim 3] 05/4/2019 09:01

Diesel sales down over 21% in March thats some drop!

[chrisdonohue] 19/10/2018 11:30

Share price seems to be supported mainly by company buying its own shares. Pendragon warning today reinforces weakness of the Car market.

[lammylover] 15/5/2018 16:36

Agreed! Hopefully its Shorters closing positions today which is driving the price up. Solid set of results in tough year for Lookers. Hopefully we'll get a clear steer from HM Gov soon on diesel and tax breaks to buy electric / hybrid.

[lammylover] 15/5/2018 16:14

Agreed! Hopefully its Shorters closing positions today which is driving the price up. Solid set of results in tough year for Lookers. Hopefully we'll get a clear steer from HM Gov soon on diesel and tax breaks to buy electric / hybrid.

[werewolfie] 15/5/2018 13:06

Welcome increasr

[jack_c_hk] 02/5/2018 19:21

Ex dividend date tomorrow

[tim 3] 10/4/2018 21:38

Nearly everyone I know seems to be buying on pcp,got to influence the used market you would think.

I bought from Lookers (not on pcp) and was impressed with the set up competitive with good customer service.

[ed 123] 10/4/2018 19:23

Yes, Lookers were buying in the market again today.

I may have found the cause of today's fall. Someone in the FT mentioned Lookers in connection with declining UK consumer sentiment, possible interest rate rise, possible issues around PCPs and Brexit. May have been enough to see some holders running for the exit?

[3800] 10/4/2018 14:52

Maybe lookers were the buyer again today.
3800

[ed 123] 10/4/2018 12:26

Two big trades printed, one at 87p and one at 86.5p. Possibly sells, which took the price down?

If the Company was buying back its own shares and happy to pay 92.5 to 93.0p yesterday, why didn't the seller sell to Lookers? Should have got a better price? Or, could have sold more slowly and let Lookers mop them up in the market?

Someone in a rush?

It's a puzzle to me.

[ed 123] 10/4/2018 12:01

What's happening with Lookers today? Down 7.4% or 7.9p as I type.

Anyone know anything?

(Not holding, but watching.)

[mortimer7] 05/2/2018 09:09

The UK new car market declined in the first month of the year, according to figures released today by the SMMT. 163,615 cars were driven off forecourts in January, a 6.3% fall compared with the same month in 2017 when 174,564 were registered.

[gutterhead] 05/2/2018 08:15

15% drop in last week is severe though?

[mortimer7] 02/2/2018 14:23

SP looking a bit grim today. Suspect Mondays SMMT new car registration figs for January won't be good & I expect Lookers will be already aware of their own month performance from their DoC's which might go some way to explaining todays drop.

[gutterhead] 05/1/2018 11:30

The retail new car market has been back yr on yr for the last 6 months so dropping on today’s news is ridiculous and just offers up a short term trading opportunity. Lost 3-4% at open and wouldn’t surprise me if it recoups all of it.
This is a cyclical business and can’t help thinking it’s going to be harder. When it’s tough, it’s the margin that gets eroded and that’s more important to watch than the volumes.

[essentialinvestor] 16/11/2017 16:17

Not a solitary BOD buy post update.

[essentialinvestor] 09/11/2017 10:47

Hi Ed, only a guess on my part.

As per previous posts have questioned the expansionary strategy
at this part of the cycle.


KGF update shortly, the recent Homebase figures looked very ugly.
Not holding atm.

[ed 123] 09/11/2017 10:40

Hi EI.

If the buybacks are to be modest, then why do them at all?

Pendragon did some share buybacks at up to 40p per share. Price in the market now? 25p.

Capex? Why do the manufacturers require such glossy showrooms and styling updates? At the end of the day the customer pays. If there is to be real pressure on consumers ahead, then surely those showrooms jobs will be cut back?

High margin on servicing and repairs? I wonder if the time will come when the market resists the prices that the car group garages charge? As an example, I needed some steering parts recently and bought the OEM items for a quarter of the price the garage was asking. The public seem blind or indifferent to these massive margins. But, will it go on for ever?