Motorpoint Share Discussion Threads

[paleje] 19/10/2016 13:55

Yes I'm not in that business but I thought until a few weeks ago that used cars/ ex fleet sales would be fairly safe from Brexit related issues but I'm not so sure now because a lot more dealers could be looking to increase their used car sales if new regs dip...so there will be more competition, ie MOTR won't have as much to themselves. Would you see it that way, I mean I hope it's not for your sake:) but does it seem possible?

Incidentally Paul Scott just shied away from MOTR in his daily report, says shouldn't issue profit warning so soon after IPO, doesn't like they way they dress it up and checked some broker updates which have downgraded forecasts by 20%.

[salpara111] 19/10/2016 12:31

Just to be clear.
The new car market has been stronger than most of us expected over the last couple of years.
As a used car seller I don't expect Motorpoint to suffer particularly next year but we do appear to have reached an inflexion point in the cycle.
A typical dealer makes most of their money out of second hand cars, service and parts as opposed to selling new cars.
Motorpoint is a pure play on selling used cars and as such will most likely be fine until we either see an increase in the cost of borrowing or a rise in unemployment so not all doom and gloom but equally the environment is likely to get a bit tougher.

[steptoes yard] 19/10/2016 10:29

Robbie Burns latest Ruspetro stunt fully revealed this morning

[paleje] 19/10/2016 09:54

Thanks Salpara for the inside view.

"..management has invested in margin to protect the Group's good level of stock turn, and managed its stock levels carefully.."

Always a red flag to me when management talk this kind of nonsense. Luke Johnson wrote a great piece weeks ago about corporate speak obfuscation, this is a great example.

[salpara111] 19/10/2016 09:23

Had a look when it floated and felt it was vastly overvalued.
It is a pretty decent business and is now approaching fair value but as someone who works in the car industry I am not expecting 2017 to be as good as 2016 so I wont be investing.

[steptoes yard] 17/10/2016 12:19

I would be amazed if Robbie Burns invest in all of the companies he posts on his website. The secret is to identify the ones he does.

[dannywillo90] 17/10/2016 12:09

Dose anyone have a opinion on what's happening today with MOTR sp??

[malcolmmm] 15/10/2016 21:49

Hit my stop loss a few days ago so am also out

[starpukka] 14/10/2016 10:45

Well Robbie Burns has sold up; citing a sentiment loss across the whole sector.My stop loss was hit yesterday so I'm out too, but I agree it is a well run company so I'll keep it on watch. We live in unusual times !

[rjd123] 13/10/2016 14:18

We're certainly motoring with MOTR albeit the wrong way down the road!!

[paleje] 13/10/2016 13:57

Perhaps they know the market for nearly new cars is going to get hotter and they will have more competition from the franchised sellers who will want to keep their sales up if new cars drop, which seems to be happening.

[stuffee] 13/10/2016 09:26

Starpukka

I suggest Brexit and £ devaluation has affected sentiment to Motorpoint. Although I believe nearly all European car manufacturers are still holding UK £ prices, largely due to their currency hedging, £ prices will inevitably increase by c 15% after several months, reducing imports, new sales, turnover in second hand market etc. This might begin to hurt MP. Personally I feel MP produces an excellent service and believe its concept will continue to grow, albeit maybe hiccup in 12 months.

[malcolmmm] 13/10/2016 08:25

Well they seem cheap to me, spread not good though

[starpukka] 12/10/2016 11:43

Good Morning Gentlemen. Anyone any clues as to the consistent share price drop ? Is it just a matter of lack of news as we await results ?

[mfhmfh] 10/10/2016 09:01

results confirmed to be released on 29th November with analyst briefing same day.

[malcolmmm] 10/10/2016 08:30

waiting for the spread to narrow as it did last week

[rjd123] 06/10/2016 09:37

From MD - "Our results are due for release towards the end of November although the dates are not confirmed yet." Many thanksMark

[mfhmfh] 30/9/2016 15:48

I just wish this company updated its 'Financial Calendar' page on it's website. Still no idea when an update/results will be.

[rjd123] 30/9/2016 12:42

Are we still tree shaking, down 5% now.

[djbilywiz] 30/9/2016 10:21

Large drop on small volume. Was picked by the NT the other week so could well be a tree shake!

[mfhmfh] 30/9/2016 10:03

hopefully a good buying price

director bough 10,500 shares at 188p on 27th July

[rhodris] 30/9/2016 09:58

Tree shake?

[mfhmfh] 30/9/2016 09:49

just bought some

[rjd1233] 30/9/2016 09:37

Down 10%! Any reason why?

[hopeful holder] 21/9/2016 21:03

I hope you are right IP, I agree it has promise and expected it to be higher than where we are.