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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
  -2.50 -1.89% 130.00 130.00 135.00 132.50 130.00 132.50 36,757 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Automobiles & Parts 2,276.1 19.6 19.9 6.5 102

Marshall Motor Share Discussion Threads

Showing 326 to 347 of 350 messages
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
06/1/2021
11:44
A recent estimate was that it would take around £10,000 per household to upgrade the country's electricity infrastructure to cope with a switch to electric vehicles and also about £2,000 per house to upgrade to fast charging. There is no chance of this happening in plonker Boris's projected timeframe since there is no talk of getting started. How is it going to be paid for? Then there is the problem of replacing fuel tax with some other type of car tax.
this_is_me
06/1/2021
09:19
This morning the SMMT has published the numbers for UK new car registrations for December. Total registrations were 132,682, a reduction of 10.9% on Dec '19 total of 148,997. Total figure for 2020 is 1,631,064 vs 2,311,140 last year. SMMT revised their 2020 forecast in July this year to 1,603,000, so H2 has turned out just slightly better than expected. SMMT Commentary "with the rollout of vaccines and clarity over our new relationship with the EU, we must make 2021 a year of recovery. With manufacturers bringing record numbers of electrified vehicles to market over the coming months, we will work with government to encourage drivers to make the switch, while promoting investment in our globally-renowned manufacturing base – recharging the market, industry and economy".
mortimer7
09/12/2020
13:39
VTU bought a raft of loss making BMW/mini operations from INCH. It remains to be seen whether they can turn them around. CFYN seem a good operation but it is impossible to trade them sensibly even for a long term investor like me. MMH still seem to me to be the most likely to do well.
this_is_me
09/12/2020
09:37
Yep. Lookers underlying PBT for 2019(!) was 0.87p down 90%. They only managed to publish that at the end of November. Sometime next year they will publish interim results for 2020... They also claimed to be outperforming the UK new retail car market, so goodness knows who is underperforming. Pendragon slightly underperformed the market in volume terms, but with some good profits like everyone else (due to "pent up demand" and good margins). Vertu Group is trading approximately 15% above last year at an adjusted PBT level. Volume was not mentioned in their last trading ststement but Q2 was up 9.3% YoY (so materially outperformed by Marshalls) Inchcape Q3 revenue was down 10% on an organic basis, and down 19% reported, but still claimed to be outperforming the market! Marshalls was 7th biggest in the UK in 2019 (though Sytner at the top is part of the private Penske group owned by the American Roger Penske). Ten years earlier they were 17th! Arnold Clark is another private company. 4th biggest in 2019. Jardine Motors (#8) being held by Jardine Matheson I cannot quickly find details of the UK motor business per se. In July their UK motor business was impacted results fell like everyone else but I have no comparisons here...
edmundshaw
09/12/2020
07:56
Another seriously impressive trading update in current circumstances.
this_is_me
09/12/2020
07:56
Another excellent update from MMH..... Compare their RNS with today's news from Lookers(LOOK).....what a pile of dung that is!!! WELL DONE Marshall Motors
jaf111
04/12/2020
12:11
Some of the opposition might go bust e.g. LOOK, PDG since MMH seem to be selling more than others so other dealers are going to be worse than average where competing.
this_is_me
04/12/2020
11:11
Just creating more pent-up demand?
edmundshaw
04/12/2020
09:09
SMMT figures released today show the total number of new cars registered in the UK in November were 113,781 vs 156,621 last year. A 27.4% reduction on November 2019.
mortimer7
05/11/2020
17:12
https://www.brrmedia.co.uk/broadcasts/5f8590c7c4d0076f2b93f531/marshall-motor-holdings-trading-portfolio-and-business-update
edmundshaw
05/11/2020
15:14
Thanks @Mortimer7. And what is the betting that Marshalls outperformed the market - again?!
edmundshaw
05/11/2020
09:14
The total number of new cars registered in the UK in October were 140,945 vs 143,251 last year. A 1.6% reduction on October 2019. (SMMT Figures).
mortimer7
29/10/2020
17:28
Two decent sized trades going through at 135p, 300k shares. Somebody seems interested in this excellent and cheap company, at least...
edmundshaw
20/10/2020
10:27
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
16/10/2020
18:09
They probably had their arms twisted by the manufacturers.
this_is_me
16/10/2020
07:33
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
05:27
Dealerships closing x4 this is just the start.
countdracula55
14/10/2020
15:21
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
13/10/2020
15:47
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
09:05
Amazing results, shows how much money is sloshing around in the economy
qs99
13/10/2020
06:47
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
06:38
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
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
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