Motorpoint Share Discussion Threads

[bumpa33] 07/11/2017 07:25

Guess bots don’t read the media.

[bumpa33] 27/10/2017 12:24

Indeed, I might be reading this wrong, who knows - but I don’t trust this company from how it’s performed and what it has said since it’s IPO. They make a big song and dance on growing market share and turnover but from the numbers it’s clear their margins are wafer thin - and that’s the thing I think is coming under pressure and should surface in the next results.

One month and counting. Good luck which ever side you’re on ;)

[mfhmfh] 27/10/2017 12:09

all very tricky/very unknown.

Numis reiterated target price of 250p on 6th October.

With Brexit people may be more keen on 'nearly new' as opposed to brand new car sales.

Company said it was confident of growing market share.

some resistance on chart at circa 150p - might have a clear run after that up to 160s.

Could all come tumbling down as well. Who knows.

Still holding for now.

All IMHO. GLA.

[bumpa33] 27/10/2017 11:50

Get past Brexit and things may turn for the better, however I think the risk of a serious downturn for the UK consumer are right around the corner, if not already here - there are red flags a plenty in the retail sector.

I’m told there’s still business being pieced together here, with Numis so may see some further big trades.

[mfhmfh] 27/10/2017 09:46

However, I agree this sector is risky.

[mfhmfh] 27/10/2017 09:46

This from a triple i article from 25.10.17 on PDG:

'...used car volumes are expected to continue to grow and Pendragon is still looking to double revenues from this sector in the five years to 2021.'

[bumpa33] 26/10/2017 21:46

there’s your TR1’s today....

Long Light Cap buying,

Merrill Lynch/BoA selling.

[bumpa33] 26/10/2017 07:13

Inchcape 3rd quarter results in, good across all sectors except UK, quoting expected slow down and continuing margin pressures on vehicles.

[bumpa33] 26/10/2017 00:31

Should see some TR1’s on the back of those trades - someone’s buying big, someone’s selling big.

Really worth reading the Pendragon profit warning - the second half collapse is pretty spectacular, which would indicate the decline in the market is pretty recent.

I think there’s better than even odds that MOTR are going to have to write down the carrying value of their inventory, so whilst “underlying221; may come in as they state, “exceptionals” could wipe that out.

We will see in a month

[mfhmfh] 25/10/2017 12:02

another big buy today?

looks like single buy of >2m shares (> £3m in value).

[mfhmfh] 25/10/2017 11:40

Not sure if this applies to Motorpoint. Article says 'Gross domestic product (GDP) for the quarter rose by 0.4%, compared with 0.3% in each of 2017's first two quarters'

Later on it says:

'In particular, computer programming, motor traders and retailers were the businesses that showed the strongest performance.'

[bumpa33] 24/10/2017 13:16

yes, short but monitoring. I don't like the sector but in particular I don't like certain aspects of this company nor the way it reports.

I'll see if I can get that Jeffries note as if he thinks PDG was just down to pricing pressure from a couple of manufacturers he's wide of the mark.

[robow] 24/10/2017 08:56

are you short Bumpa?
according to the Jeffries analyst, Will Kirkness, Pendragon's problems are largely driven by pricing pressure from two premium manufacturers.
'The c.20% downgrade to full-year 2017 earnings per share will not be taken well but has been largely delivered by exceptional pricing pressure from two premium manufacturers,’; he said.

[bumpa33] 23/10/2017 18:50

surprising as Evans Halshaw pricing is particularly keen, and if they’re suffering....?

[bumpa33] 23/10/2017 18:40

Pendragon said everything was looking rosy prior to this ‘shock’ update. My bet is that Motorpoint will also ‘shock’ the market come results day plus likelihood they will have to write down the value of their inventory.

[bumpa33] 23/10/2017 18:04

and there's the trade ...

[mfhmfh] 23/10/2017 18:01

Outlook statement said company is confident of increasing market share. Perhaps PDG's woes are our gain?

The Board continues to closely monitor customer confidence in light of the ongoing economic and political uncertainty. However, the Board is pleased with recent trading performance and remains confident that Motorpoint's independent and flexible model leaves it well placed to continue to grow market share.

All IMHO. GLA.

[mfhmfh] 23/10/2017 17:59

Was there a big buy at 16.15 of 200,000 shares?

Was there another huge buy at 16.16 of 1717000 shares?

[bumpa33] 23/10/2017 15:05

some business being put together currently in this, between Numis & Shorecap, am told that the latters seller far outweighs the formers buyer though. 7 figure trade, may see it in due course if it goes though....

[bumpa33] 23/10/2017 10:00

“City analysts are now demanding answers” - try opening your eyes and ears fellas!

[bumpa33] 23/10/2017 08:19

Profit warning from Pendragon today. Can this one really avoid what’s looking increasingly like a slump in the UK car market?

[hardupfedup] 19/10/2017 16:03

steady on up

[mfhmfh] 12/10/2017 16:59

3 x 50,000 volume buys today late in the day.

[bumpa33] 12/10/2017 14:11

ShareProphets today has singled out BCA as it's big short for the autumn.

[hardupfedup] 09/10/2017 12:44

yeh big trades again 700,000 lots