Updates

Lookers - Eps forecasts climb to 12.6p

September 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.

When I wrote on the shares as a main buy in April, brokers forecasts for this year stood at £26m pretax profit for eps of 5.3p. But Lookers’ H1 has since issued a trading update saying it expects to now report an H1 pretax profit of £50m!This has been driven by strong outperformance versus the market in new cars (Lookers’ volumes +47% against market’s new car regs +31%) and the benefits of exceptional used car price appreciation due to tight stock supply, as well as ongoing cost savings from last year’s re-organisation. Lookers has done well to secure stock, with the strong performance on new cars helping to drive a good level of part exchanges. Included within this year’s results was &poun ...

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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 (July 2022)

Lookers (November 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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