Updates

Lookers

July 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Five months into the year and Lookers has said it expects full year profits to now beat expectations, in the light of which broker Zeus has increased its pretax profit forecast by 19% to £63m, albeit it expects a heavy H1-skew with £45m of the profit falling into H1. Overall, UK new car registrations were down 8.7% due to the ongoing supply shortages and Looker’s new car sales tracked the market, whilst used car volumes declined 8.1%. Both have seen stronger gross margins. Aftersales revenues have been robust. The Group’s focus on operational optimisation has generated cost savings that helped to offset material cost increases in other areas (e.g. staff and utilities).The broker points out that based on eps of 12.9p, the PE is 5.7 ...

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Lookers (August 2023)

Lookers (July 2023)

Lookers (April 2023)

Lookers (November 2022)

Lookers - Cash and property of 95p versus share price of 79.5p (September 2022)

Lookers (November 2021)

Lookers - Eps forecasts climb to 12.6p (September 2021)

Lookers - Unscheduled update: forecasts increased by >30pc! (May 2021)

Lookers - Prospective PE drops to 5.8 next year (April 2021)

Lookers - Trefic and Bramall take up full 43% entitlement (August 2009)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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