Lookers Share Discussion Threads

[diku] 04/7/2019 09:37

Just Look don't touch!...50% just disappeared from blink of an eye... 100p to 48p...

[mortimer7] 04/7/2019 09:17

SMMT have issued the new car registration unit numbers for June 2019 this morning, which shows a 4.9% drop compared to June 2018. Total 223,421 versus 234,945.
Also at half year stage 2019 is down 3.4% versus 2018.
Considering Brexit was due to happen in March, didn't & then the delays, plus WLTP & all the other stuff going on, I don't think this is too bad.

[tim 3] 02/7/2019 19:14

I do think longer term these could be good value but may take a while the business itself seems sound but the sector is massively out of favour.A 50% fall in 2 months is quite a drop.On the watch list.

[robertball] 02/7/2019 07:03

And the off in PPI claim money too

[gutterhead] 28/6/2019 06:21

Pendragon ceo departure and risk of profit warnings from end of Q2 has stopped this recovering. Looks at risk of further slipping imo.

[tim 3] 25/6/2019 21:36

Yes could well get worse before it gets better horrible sector at the moment as well might look cheap but recovery could be a long time away.

[gutterhead] 25/6/2019 20:58

Poor sales practices been reported to fca. Question mark over controls and compliance. Horrible

[tim 3] 25/6/2019 16:51

wow halved in 3 months nasty.

What they been up to?

[diku] 25/6/2019 15:49

Anybody think this Brexit thingy has given a chance to see the best in BODs across the plc casino markets...

[f15jcm] 25/6/2019 15:31

What a stitch up!

[essentialinvestor] 25/6/2019 15:21

Nasty. The complete lack of any recent BOD purchases put me off. Very luckily.

[jaf111] 25/6/2019 15:18

i think we have our answer now!!!

Fortunately I still have no position.....but clearly the recent fall was due to some very "lucky selling".....

[f15jcm] 25/6/2019 13:42

No buy back to prop up the share price isn't helping LOOK like it is others

[essentialinvestor] 25/6/2019 13:27

Is it the brands they mainly represent, heavy weighting to German premium?.

[pdoc] 23/6/2019 22:32

You have a point there Jaf.

Lookers over the past year has significantly performed the worst out of the companies you mention. 38% in a year is a lot.

Is it really performing so badly in comparison to say PDG?

[jaf111] 23/6/2019 07:51

Struggling to understand recent 25% collapse in LOOK share price.....ok so PDG news on 12 June clearly a factor BUT
1. Lookers TU on 31 May pretty solid, as was Ints from Cambria (9 May)
2. Share prices of Cambria, Vertu and Marshall have hardly fallen by comparison to LOOK

Time to buy LOOK (Don't currently hold) or sell CAMB / MMH (Do hold)?????

[essentialinvestor] 14/6/2019 13:32

Would hope Lookers put All expansionary plans on hold.
Debt reduction should be the absolute priority atm. I'm not currently holding.

[mortimer7] 12/6/2019 16:07

Terrible RNS from Pendragon this morning. Problems of their own making. Their failings could well prove beneficial to other listed dealers in the short/medium term. Although
today, everyones share price seems to be suffering a knock on effect.

[f15jcm] 11/6/2019 16:36

Price seems to be getting pushed down by something. Can't be a large seller as volume was less than half daily average today . I've opened a spread bet hoping for an inflection. 80p looks like support and RSI nearly showing oversold.

[tim 3] 11/6/2019 12:22

I like lookers but think the industry is in for a tough time.Prices seem to be on the up and the discounts not as high.The equivalent of my car I bought 3 years ago new is now about 20% more expensive so will keep mine for longer.Looking at PCP prices seem to have risen sharply too.

[pdoc] 07/6/2019 20:02

People still need cars. The new car market is struggling.

Market going bonkers over potential loss of domestic supply and need to buy from Europe with 20% tariff.

None of above means a poor outlook for lookers.

But Brexit means we will be pay 25% more for cars in the near future.

[mortimer7] 05/6/2019 09:13

SMMT have issued the new car registration unit numbers for May 2019 this morning, which shows a 4.6% dip compared to May 2018. Total 183,724 versus 192,649.
"underlying economic and political instability continues to affect consumer and business confidence".