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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
  -1.00 -0.57% 175.50 171.00 180.00 183.00 175.50 176.00 14,049 11:32:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Automobiles & Parts 2,154.4 20.4 17.8 9.9 137

Marshall Motor Share Discussion Threads

Showing 326 to 350 of 350 messages
Chat Pages: 14  13  12  11  10  9  8  7  6  5  4  3  Older
DateSubjectAuthorDiscuss
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
09/3/2021
08:02
Pretty outstanding results imo
daneswooddynamo
04/3/2021
09:38
SMMT have announced the number of new cars registered in the UK during the month of February was 51,312, a fall of 35.5% compared to February 2020 figure of 79,594.
mortimer7
04/2/2021
09:52
This morning the SMMT has published the numbers for UK new car registrations for January. Total registrations were 90,249, a reduction of 39.5% on January 2020 total of 149,279. Today SMMT have issued their revised forecast for the full year registrations which is 1,887,000 which would represent a 15.7% increase on 2020 total.
mortimer7
01/2/2021
15:45
Finally getting some upwards movement in this absurdly undervalued company. Expecting excellent 2020 preliminary results mid to late March. Clearly there will be an impact for Jan/Feb/March for 2021 with the new lockdown, but on past experience that just creates pent-up demand (perhaps a bit less than last time but still some), so I am thinking earnings positive for H1 2021 and a great H2. This company has been growing market share for years and has oodles of property comfortably exceeding the market cap even before the business value. Super strong balance sheet with Adjusted net cash £27.4m at H1 2020.
edmundshaw
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
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