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Share Name Share Symbol Market Type Share ISIN Share Description
Marshall Motor Holdings Plc LSE:MMH London Ordinary Share GB00BVYB2Q58 ORD 64P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 127.50 125.00 130.00 127.50 127.50 127.50 3,189 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Automobiles & Parts 2,276.1 19.6 19.9 6.4 100

Marshall Motor Share Discussion Threads

Showing 301 to 325 of 325 messages
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
20/10/2020
11:27
That is a very good interview. Thanks for the link. This really is at a crazy valuation now. Although 88p in March was even crazier, momentarily... but there was a lot more fear and uncertainty then, and no stonking update!
edmundshaw
20/10/2020
09:14
Watch our exclusive interview with Daksh Gupta & Zeus Capital's Mike Allen discussing the company’s latest trading update: hTtps://www.directorstalk.net/marshall-motor-holdings-why-does-it-continually-outperform-interview/
astonedt
16/10/2020
19:09
They probably had their arms twisted by the manufacturers.
this_is_me
16/10/2020
08:33
The four closed dealerships were described as sub-scale, and In the year ended 31 December 2019, made a combined revenue contribution of £47.3m and a loss of £0.1m. On the face of it, sound portfolio management...
edmundshaw
16/10/2020
06:27
Dealerships closing x4 this is just the start.
countdracula55
14/10/2020
16:21
Favourite quote from that: "We’ve now bought and sold 167 businesses so we’re just about getting used to knowing what we’re doing there". So Daksh has a sense of humour - who knew? :))
edmundshaw
14/10/2020
11:45
Read our exclusive Q&A with Daksh Gupta & Richard Blumberger discussing their latest update: hTtps://www.directorstalk.net/marshall-motor-holdings-qa-very-well-placed-to-take-advantage-of-current-environment-lonmmh/
astonedt
13/10/2020
16:47
Zeus; Significant outperformance Marshall Motor Holdings (MMH) has delivered a stunning trading update, particularly in September, which sees 2020E increase from a break even position to £15.0m at the underlying PBT level. We believe this significant outperformance is testament to the quality platform it has developed over the years, and continue to see MMH as a sector winner. § Trading update: MMH has released an upbeat and impressive trading update following its H1 results released on 18 August. This update covers trading patterns in August and the all-important month of September. § Clear outperformance: The pleasing aspect of the Q3 performance is the outperformance across all aspects of its business, particularly when benchmarked against the SMMT data. The difference in LFL and total units also shows the positive impact acquisitions made last year have had in this performance. The growth in used units is also particularly strong, and we note comments made in the statement that margins remained strong following this period as well so we believe this was not traded for this volume uplift. § Strong September in the bag: It is also clear that MMH had a strong September across the board. The 19.1% LFL growth rate in new retail units or 38.6% total unit growth rate is particularly striking vs. a net retail market -1.1% and demonstrates real outperformance. Fleet was also significantly ahead of the market, while the momentum in used cars was also kept up during this busy period. Aftersales revenue +11.5% LFL or 21.1% was also significant and noteworthy, and we suspect the LFL growth rate in servicing would have been higher than the headline growth rate. § Guidance upgraded: MMH has upgraded its guidance to 2020E and now expects to deliver an underlying PBT of £15.0m vs. previous expectations of a break-even position. We believe this has been primarily driven by a strong August and September trading, where the previous expectation in these months was flat on the prior year. Management are not providing any guidance into 2021E and beyond given uncertainties (economic, COVID-19, Brexit). § Investment view: Looking beyond the current short-term pressures, we continue to see MMH as a creditable and reliable platform, which we consider will emerge as a sector winner. We concur with the view that COVID-19 will accelerate consolidation in the industry, with fewer large-scale players well placed to do this in the current environment. Based on last night’s closing price the Group trades on an FY20E PE of 8.1x. We note that at these levels the Group delivered an attractive historic FY19A dividend yield of 7.1% with management committed to reinstating distributions at the earliest opportunity.
davebowler
13/10/2020
10:05
Amazing results, shows how much money is sloshing around in the economy
qs99
13/10/2020
07:47
Yes, a truly astonishing outperformance of the market. Even the management were surprised at just how good the numbers have been, given the uncertainties around customers response to the economic disaster of the government's daft policies.
this_is_me
13/10/2020
07:38
ANOTHER hugely impressive TS.....best summarised by looking at the outperformance by MMH over the market in key month of September. Fantastic job being done by management.....
jaf111
07/10/2020
12:26
Just heard they closed 4 dealerships and made staff redundant.
countdracula55
07/10/2020
12:24
Just heard they closed 4 dealerships and made some staff redundant.
countdracula55
05/10/2020
10:34
Thanks. Pent-up demand or coming back to normal? Hm...
edmundshaw
05/10/2020
09:13
The total number of new cars registered in the UK in September were 328,041 vs 343,255 last year. A 4.4% reduction on September 2019. (SMMT Figures).
mortimer7
07/9/2020
15:51
Above posted for information. No significant new information there that I can see.
edmundshaw
07/9/2020
15:50
Marshall of Cambridge Holdings Interim results today. The results for MMH in that are broadly those of our interims (as you would expect). hxxps://research.equitydevelopment.co.uk/hubfs/Research/Marshall%20of%20Cambridge/Marshall%20of%20Cambridge%20%20%20%20%20%207%20September%202020.pdf On the post period commentary there is a small difference:- MMH: ---- Trading in the final month of the Period was strong, benefitting, as anticipated, from a combination of a release of pent-up demand, extensions to vehicle financing agreements coming to an end, a shift from use of public transport towards vehicle ownership and the delivery of outstanding vehicle orders not completed prior to the closure period. We have been encouraged by our ability to operate effectively and successfully under our revised operating procedures. MCH (holding company): ---- [...] since 1 June there has been a strong recovery in sales, driven by: + The high number of new and used finance agreements that have expired either during or since lockdown + Revenge buying, representing pent updemand, following lockdown + Nervousness in using public transport, resulting in strong demand for used vehicles and thereby, benefitting residual values(which is likely to continue ifshortages of new product persist) + The September registration plate change Following a modest loss at the operating and adj. PBT levels during H1, the MMH managementteamconservatively anticipates anoverall break-even position for 2020 as a whole, also citing the potential for further localised lockdowns as a basis for a degree of ongoing cautionin the short-term. The SMMT anticipates that the number of new cars purchased in 2021 should increase 26.9% to 2.04m vehicles, offering a positive outlook, particularly for the healthier market participants as consolidation is expected by various market watchers to accelerate over the next 12 to 18 months.Rather than amounting to an unrealistic target, the SMMT forecast for new car sales in 2021 represents a 12% reduction on the 2019 market outcome. Furthermore, MMH’s management team is of the view that consolidation in the automotive retail market is likely to accelerate, following the issues resulting from lockdown and the stress placed on the economy. MMH fully expects to participate in such consolidation.
edmundshaw
04/9/2020
09:18
SMMT have reported today that UK new car registrations in August were 87,226. A 5.8% decrease on August 2019 total of 92,573. SMMT commented: "August is typically one the new car market’s quietest months, it’s important not to draw too many conclusions from these figures alone. With the all-important plate change month just around the corner, September is likely to provide a better barometer".
mortimer7
21/8/2020
08:14
Latest analyst interview with Mike Allen at Zeus Capital: hxxps://www.directorstalk.net/marshall-motors-a-strong-track-record-of-outperformance-analyst-interview/
astonedt
18/8/2020
09:12
Agreed. Strong outperformance of the market is very good news for future prospects of the group and its aim to become the largest car retailer in the UK.
edmundshaw
18/8/2020
07:35
That looks like a very good set of results given the circumstances.
this_is_me
05/8/2020
09:15
Some good news this morning: SMMT have reported today that UK new car registrations in July total 174,887. An 11.3% increase on July 2019 total of 157,198.
mortimer7
06/7/2020
09:09
Number of new car registrations for month of June announced just now by SMMT. Total 145,377. Last June was 223,421.
mortimer7
17/6/2020
08:16
Yes, I have a relative, just back at work again at a two showroom garage, who told me that the workshop is bedlam with the 'phone ringing off the hook as people need cars fixed or overdue servicing. I was told car sales are still at a low level. Looking good for the medium term.
this_is_me
17/6/2020
07:38
A snippet easily missed..under the Notice of AGM RNS, the company states "In the short period since our dealerships re-opened on 1 June, initial trading has been encouraging"
jaf111
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