Updates

Lookers - Unscheduled update: forecasts increased by >30pc!

May 2021

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.

Last month’s write up was timed to perfection with an unscheduled update 3 days later saying Lookers would materially exceed expectations, leading to a whopping 30% increase in forecasts. Lookers sold 44,000 new and used units during Q1, which compared to 49,000 through the whole of last year. Zeus lifts its forecast eps for this year from 5.3p to 7p and from 9p to 9.9p in FY22. If things recover as strongly as expected, the broker says eps have scope to recover to 13.5p and a PE of 8-14x suggests a price target of 108-189p. Keep buying. ...

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Volex - Significant beat on FY21 estimates

Mpac

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 (July 2022)

Lookers (November 2021)

Lookers - Eps forecasts climb to 12.6p (September 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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