Share Name Share Symbol Market Type Share ISIN Share Description
Marshall Motor 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
  -6.50p -4.22% 147.50p 145.00p 150.00p 154.00p 147.50p 152.00p 68,757 14:58:43
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Automobiles & Parts 1,899.4 22.2 23.0 6.4 113.92

Marshall Motor Share Discussion Threads

Showing 151 to 175 of 175 messages
Chat Pages: 7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
16/8/2017
11:13
New Edison forecast out. Profits and Earnings unchanged from their existing forecast but Dividend increased to 6.45p this year and 6.90p for 2018. http://www.edisoninvestmentresearch.com/research/report/marshall-motor-holdings262864/preview/#js
jeff h
16/8/2017
09:34
From what I hear the Management of this outfit is top notch and as the CEO said in the Times article today all this PCP scaremongering should not apply to the major dealers who have stringent procedures in place to weed out the sub prime buyers. Alan Tovey must always get out of the wrong side of the bed before he writes his articles on the motor trade!
55biker
15/8/2017
12:18
Added myself 55, Fully invested here now for the long term. Management looks great, and whatever the short term may bring in terms of a depressed market, I think they are in a good position to outperform the market, which in the long term will bring rewards. Meanwhile, 4.5% yield is not to be sniffed at.
edmundshaw
15/8/2017
11:01
Great results again and whatever type of vehicles we drive in the future this company will make good money doing what they do best viz: selling and trading. If it wasn't for recent gloomy press articles by journalists with half empty glasses depressing the price I believe the share price would now be around £2. The current price is an absolute bargain but no spare funds available in my piggy bank otherwise ............!
55biker
15/8/2017
08:46
no stock easily available....will rocket with sustained buying
king kong dong
15/8/2017
08:31
BTW, yield of 4% is very adequate for a growth company; but assuming the 2:1 split of final dividend to interim policy is maintained for the year, it is closer to 4.5% going forward...
edmundshaw
15/8/2017
08:22
https://www.brrmedia.co.uk/broadcasts/5991b8bb9ec769224a42b1b9/marshall-motor-holdings-plc-half-year-results-2017
jeff h
15/8/2017
08:13
I make the current (trailing) yield about 4%, and the PE about 4. And the net assets per share are over £2. Outperforming the market. Etc, etc. Seems a bit cheap whatever the potential issues with leasing loans. And I get the feeling that Daksh Gupta is far too sharp to allow that to become a serious issue.
edmundshaw
15/8/2017
08:13
N+1 Singer:- Today’s interims reveal 33% PBT growth, split roughly 2% organic (net of disposals and a small decline in Leasing vs tough comps) and 31% from the Ridgeway acquisition, which is nearly fully integrated and performing as hoped. Despite a 6% upgrade at the time of the pre-close, which factors in adequate caution in terms of H2 assumptions, Marshall Motors’ rating has not improved from 5x P/E, with the shares only edging up from the recent all-time low. The board’s previously upgraded outlook for the full year is unchanged and property backing has moved up to 145p/share. Overall an excellent update confirming Marshall is outperforming the market on a number of measures. On this valuation the stock represents deep value on both a relative & absolute basis. The shares should gain today.
jeff h
15/8/2017
08:07
Too right. Impressive results.
edmundshaw
15/8/2017
08:02
Yeah impressive results
svenice7
15/8/2017
07:32
Impressive results.
this_is_me
06/7/2017
16:19
Cheers, I like those short pithy interviews, and there is aways some point of interest. I had no idea they had done 21 deals in 9 years; good to hear they will not overpay (I know, they all say that!). As for the lack of detail, I can read the financial statements at my leisure...
edmundshaw
06/7/2017
11:23
...and more comment:- https://www.brrmedia.co.uk/broadcasts/595d06f5e0455d29e61eada4/marshall-motor-holdings-analyst-interview-zeus-capital
jeff h
04/7/2017
11:40
Yes, thanks for posting all the above research/commentary.
mortimer7
04/7/2017
11:24
Thanks guys. All looking good, and a nice price to fill up at...
edmundshaw
04/7/2017
10:54
Edison increased forecasts:- http://www.edisoninvestmentresearch.com/research/report/marshall-motor-holdings3/preview/#js
jeff h
04/7/2017
10:54
Zeus; Marshall Motor Holdings (MMH) has confirmed it is trading ahead of expectations for the full year following a strong H1 performance, with a particularly strong first quarter driven by both modest LFL revenue growth and to a greater extent outperformance from the Ridgeway acquisition. The outlook further out is less certain with the board highlighting growing uncertainty in the new car market as reasons for a more cautious long term view, which is a view we concur with. That said, we upgrade our EPS forecasts in 2017 and 2018 by 6-7% and believe the current share price looks heavily discounted with the stock on a prospective P/E of sub 5x with the dividend yield approaching 5% and the current market capitalisation underpinned by property assets. Pre-close statement: MMH has issued a pre-close trading update this morning, which confirms that following a strong H1 performance, driven by a particularly good performance in the first quarter, the company is trading ahead of expectations for the full year. The retail business has seen material growth in revenue and profitability as the Ridgeway assets have made a strong contribution. In line with the wider market the company experienced a particularly strong Q1 as new car registrations were pulled forward ahead of the change to VED. The group saw good growth of used and aftersales revenue although there was continued margin pressure in the used car segment through the period. The leasing segment has continued to experience good profitability, albeit we expect this to be down YOY during H1 following a exceptional period last year following a reduced level of disposals. Forecast assumptions: Following the positive update from MMH this morning we are upgrading our 2017 and 2018 EPS forecasts by 6-7%. For 2017E we anticipate a H1 adjusted PBT of £18.0m vs. £14.0m last year, albeit anticipate an implied H2 of £10.0m vs. £11.0m last year to reflect tougher market conditions. We have also flowed through modest growth into 2018E. Our net debt forecasts also fall following the improved trading performance and the disposal made for £2m earlier this year. Outlook: The outlook statement was cautious on a longer-term basis, consistent with our industry view anticipating further declines in new car volumes through 2017. It is clear that Q2 trends in the new car market have deteriorated following a record Q1 this year. From a demand side perspective, we remain cautious with consumer confidence softening in recent months against a backdrop of increasing political and economic uncertainty. Investment view: While there is growing uncertainty across the sector, we believe this is more than priced into the shares as it trades on a prospective P/E of sub 5x with a dividend yield approaching 5%. The current market capitalisation is also more than backed by freehold assets (£109m freehold and long leasehold assets at 2016 balance sheet position) we believe is also attractive for a business that is clearly delivering against a tougher trading backdrop.
davebowler
04/7/2017
10:49
N+1 Singer courtesy of Research Tree:- When we wrote on Marshall Motors 8 weeks ago, we indicated the fall in the share price (to 159p) was anomalous to its underlying operating performance and, after a strong Q1, likely short term newsflow on trading. Since then the shares have fallen a further 15% to an all-time low (134p). Today’s H1 update confirms the group delivered further material improvements in profitability on both a LFL and total basis – i.e. including a full contribution from Ridgeway which is now almost fully integrated and bringing both scale and geographic benefits. Whilst maintaining a cautious stance due to uncertainties in the market, performance is ahead of expectations and will drive consensus upgrades of 5-6%. On a cal17 P/E of <5x and yielding 4.4% the stock represents deep value including vs. peers. Expect a rebound today.
jeff h
04/7/2017
09:04
Good news at last. Target price up from £2.40 to £2.50 .......... plenty of asset backing per share .......and yet it's still trading at a massive discount. With most of the shares held by the family and/or II's maybe it's been easy to short this on top of general uncertainty about Brexit etc. The PCP article in the DM was also a shoddy bit of journalism helping depress trading. However the CEO has a reputation as a very dynamic individual so there looks to be plenty of upside with this company over the next few yeas.
55biker
04/7/2017
08:15
So what have we got in the Trading Statement......cautious, declining market etc etc as one might expect in view of the recent share price collapse....... BUT surely some mistake....."Full year outlook ahead of Expectations" And the market response - a measly 3.6% increase so far..... Frustrating!
jaf111
03/7/2017
15:39
Quite agree. Believe that these shares are ridiculously undervalued compared to the asset backing of this outfit and the share price is now below the issue price last year!!! Just wish I had some more funds to pile in at this level.
55biker
03/7/2017
10:53
It would not surprise me if this was being shorted, since there is a big risk of a downturn which could hit the bottom line in the short term. But longer term this company being well run should proper; and even short term there is a risk for shorters that a big sales drop will not transpire.
edmundshaw
03/7/2017
10:08
Possibly the Daily Mail article about people being encouraged to take out PCP loans when they can't afford them. I believe that MMH have very stringent systems in place plus first class training seminars and therefore only have a very very low return rate on anything they sell. Don't think this particular CEO would allow any dodgy dealing in his company judging by his previous record.............and which is why I am still heavily invested. My guess is that this share is being shorted and hopefully the next set of results will stop the rot!
55biker
28/6/2017
16:03
Anyone have a view on todays share price drop. Just sellers?
mortimer7
Chat Pages: 7  6  5  4  3  2  1
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