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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% 213.00 210.00 216.00 213.00 213.00 213.00 14,573 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Automobiles & Parts 2,154.4 20.4 17.8 12.0 167

Marshall Motor Share Discussion Threads

Showing 351 to 375 of 375 messages
Chat Pages: 15  14  13  12  11  10  9  8  7  6  5  4  Older
DateSubjectAuthorDiscuss
05/7/2021
09:12
SMMT have released the figures for UK new car registrations for the month of June today. Total 186,128. June 2020 was 145,377. June 2019 was 223,421.
mortimer7
28/6/2021
14:59
Got to agree with that. Most of the growth generated over the four/five years to the end of 2019 has been top line (more or less doubling), though EPS has gone up too, but net asset growth (underpinned by significant property holdings) and underlying earnings potential is really good. Since 2019 this has taken further market share and ridden out the pandemic very well (some of the other motor sellers have done well too in this period, but none better than MMH). That the price is barely higher than when this listed in 2015 is crazy...
edmundshaw
25/6/2021
14:45
In his analysis of Marshall’s latest trading update, Zeus Capital market analyst Mike Allen suggested that the group was on track to emerge from 2021 as a “sector winner”. He said: “This latest earnings upgrade reinforces our view that MMH is a highly reliable platform that is well positioned to emerge as a sector winner. “The effects of COVID-19 are likely to accelerate change in the sector. Following this latest upgrade, MMH trades on a 2021E P/E of 7.3x and an EV/EBITDA of 2.6x, which looks far too low given the growth generated, and strength of balance sheet that can be unlocked to generate further value from here.”
jaf111
25/6/2021
07:45
ANOTHER great update from MMH......to repeat MMH surely are THE premier car dealer and their share price should be a lot higher..... Hopefully Mr Market will start to recognize that!!!
jaf111
04/6/2021
09:27
SMMT have announced the total number for New Car registrations in the UK for the month of May as 156,737. May 2020 was 20,247 and May 2019 183,724.
mortimer7
24/5/2021
08:54
Exclusive analyst interview with Zeus Capital discussing highlights from the trading update, key themes, changes to the forecast and how they view the company in terms of a valuation: hTtps://www.directorstalkinterviews.com/marshall-motor-holdings-an-industry-winner-as-it-grows-and-consolidates-analyst-interview/412992533
ga_dti
21/5/2021
11:46
I love thoise interviews! And of course the news has been excellent herefor a number of years... just need Mr.Market to sit up and take notice. Congratulation to Daksh Gupta on that 100% vote of confidence! Well deserved from what I can see.
edmundshaw
21/5/2021
08:19
Daksh Gupta and Richard Blumberger discuss their trading statement covering the 4 month period ending 30th April 2021: hTtps://www.directorstalkinterviews.com/marshall-motor-holdings-another-fantastic-outperformance-interview/412991301
ga_dti
20/5/2021
14:17
I think given the importance to large motor manufacturers, the semiconductor issue will be fixed pretty fast, even if they have to pay a bit more per unit... or utilise a more up-to-date semiconductor...
edmundshaw
20/5/2021
11:03
All the dealers appear to be having a bit of a breather in share price terms. Of course they have recovered strongly but continue to look pretty cheap. Maybe the semiconductor issue will turn out to be a little more problematic a few months hence
daneswooddynamo
20/5/2021
09:19
_IF_ there are no new COVID headwinds and the earnings target is achieved, and with reported debt slashed at the FY, 2019 EPS could well see a return to the 2019 dividend level too. That would represent a yield of around 5.5% at the current share price. The only serious reason I can see not to restart the higher dividend policy if targets and outlook are in line is a major and very beneficial acquisition...
edmundshaw
20/5/2021
07:18
" the business is currently targeting an underlying profit before tax for 2021 of not less than 2019's result of GBP22.1m" "We are pleased to have continued to significantly outperform both the new retail and used car markets and to deliver a strong financial result for the Period. " The company continues to perform well.
this_is_me
05/5/2021
15:43
So down,but S/H might be better, and margins should be good. Not a problem here, I think...
edmundshaw
05/5/2021
09:34
New Car Registrations in UK for April 2020 were 141,583. 2010 to 2019 April average was 162,537.
mortimer7
19/4/2021
10:17
Very sad news.
edmundshaw
19/4/2021
07:35
Huge Shock.
this_is_me
19/4/2021
07:09
Tragic news, thoughts go out to the family :o(
bigbigdave
06/4/2021
09:17
SMMT have announced the number of new cars registered in the UK during the month of March was 283,964, an increase of 11.5% compared to March 2020 figure of 254,684. Looking ahead, last April total units was 4,321 so the percentage increase for April 2021 could be 4000%!!
mortimer7
29/3/2021
12:06
I imagine that "pent-up demand" and possible supply issues will push up short term margins again this year. Any reason why not?
edmundshaw
25/3/2021
17:18
I think they are doing superbly well with the smaller acquisition strategy. I wouldn't be over the moon to see them bite at a large and troubled beast without some very, very good rationale.
edmundshaw
25/3/2021
17:13
A nice move up in recent weeks - well overdue since MMH is surely THE sector pick. The company has a strong B/S and did made reference to taking advantage of "further growth and consolidation opportunities as they arise"....... There must surely be many small / medium sized opportunities. Also, whilst perhaps unlikely I do wonder whether MMH might even be looking at either Lookers or Cambria, both of which are surely "in play"????
jaf111
09/3/2021
11:05
Good value I agree based on expectations of a likely improvement of prospects over coming months;and on this basis I bought shares a couple of months ago.Just a note of caution MMH shares have been cheap in normal times and traded below the present price for most of 2019 in spite of its then excellent performance.UKs best listed car dealer in my opinion.
1tx
09/3/2021
09:21
Zeus; Strong market outperformance Marshall Motor Holdings (“MMH”) has announced FY results, which were 9-11% ahead of our forecasts at the adjusted PBT and EPS level. The Group has been well navigated through testing times, delivering good market outperformance and robust cash management, enabling it to maintain a strong balance sheet throughout. We envisage introducing forecasts in May providing the current lockdown phases out as expected and maintain our view that MMH will emerge as an active participant in the consolidation we anticipate in this industry post COVID. § Final results: MMH has delivered a strong set of results, which were ahead of our forecasts at the adjusted PBT and EPS level on an underlying basis. The initial full year guidance given at H1 results was for MMH to be in a breakeven position at the adjusted PBT level for FY20. To be within 5% of the 2019A position shows how resilient this business traded through two national lockdowns and significant economic uncertainty. Cash management and cost control was also strongly demonstrated in these results with adjusted net cash of £28.8m (excluding IFRS 16 lease liabilities), this was an increase of £59.4m from December 2019 and broadly in line with our £29.8m forecast. The board took the decision not to pay a dividend in light of Government support received. § Key drivers: Total sales of new vehicles to retail customers fell just 4.6% in the year, with LFL down 16.9%, an outperformance of 9.7% against the market. Fleet units were -16.8% or -23.2% on a LFL basis, an 8.5% outperformance vs. the market. Margins were -84bps during the year, which was caused by lower volumes and its inability to hit bonus targets particularly in H1. However, this trend did improve during H2. MMH also outperformed in the used market with units -5.3% or -14.6% on a LFL basis vs. the market -14.9% according to data from the SMMT. Residual values were strong throughout the year. Total aftersales revenue was -6.7% YOY or -13.5% on a LFL basis and contributed 45.8% of group gross profit. While activity was impacted by lockdown particularly in H1, activity levels did pick up. A focus on higher margin maintenance work also meant that margins improved by 74bps YOY. § Forecasts: We would envisage reinstating FY21-23 forecasts into the market when the Group issues its AGM statement in May, providing the end of Lockdown 3 phases out as currently anticipated. § Investment view: Looking beyond the current short-term pressures, we continue to see MMH as a credible and reliable platform, which we believe will emerge as a sector winner. We anticipate the effects of COVID-19 will accelerate consolidation in the industry, with fewer large-scale players well placed to do this in the current environment.
davebowler
09/3/2021
08:47
Superb. Horribly undervalued on any measure: Growth in market share, EPS, balance sheet strength and even prospective dividend yield. Underlying EPS still 21.1p in spite of the pandemic. At 144p the P/E is under 7. Given the exceptionally strong balance sheet, and the great business performance and prospects, the Enterprise Value is even more absurd. I note the comment "2.85p [2019 dividend] represents interim dividend only which would typically represent one third of full year dividend." Seems they want to draw attention to their normal dividend rate once dividends are resumed... which was historically around 8.54p.
edmundshaw
09/3/2021
08:05
Yes, given the circumstances, very impressive.
this_is_me
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