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I'll drink to Stella results !
Well we will get the results next month, we know they are Stella from the recent pre results trading update. There will a return to dividend and another trading update by means of the forward earnings projections. We also know 20% of the shares were traded on a market to market deal at 102p to Constellation investment vehicle - So we must be worth 102p or more by normal measures. At current trading this as close to free money as an investor will ever see. Of course we are against the tide until the very sad and terrible Ukraine invasion is over. (God Bless and look after these very Brave people as much as destiny will allow).
Good news for profits--The average asking price for a used car has broken through £20,000 for the first time, as the microchip shortage squeezes supplies of new vehicles. The figure has risen by more than £4,000 in just six months, to £20,340, up 29pc from a year ago, according to Auto Trader. The latest gain marks the 93rd consecutive week of increases as buyers fight over a limited supply of used stock and the number of new cars being made has fallen to a 65-year low in the UK. - Telegraph
Car dealers offering drivers up to £10,000 to buy back second hand motors amid surge in demand. I was worried about my average at £1.07 a few months ago but now I’m confident £1.50 can be achieved in the next few months GLA
Well we haven’t had any recent broker upgrades since the 110p but all logic considering NAV must see us at 150p fair value within 6 months. Enjoying the ride upwards. (Steady as she goes).
I certainly hope they don't implode, lol
Implode ?
Looks like these are about to explode upwards again.
Shell, TB is 86 and may have decided that long term for him is measured in weeks hence his sale . That enables him to do whatever he wants with his cash thinking of the things precious to him. I know of two other people who have done similar ( but with much less value) in their seventies. I think we will be rewarded for biding our time here .
Offers need to be published and at anything around 100p others cash bidders will come in for sure. Let Shelldonald sell his shares or wish he could have got in cheaper - Sit tight, further to go for sure here.
Shelldonald. The dealerships are properties that can be turned in anything planning permission depending and that’s what they are valued at back in July 21. Probably worth a lot more now with property prices in the up and up. This is a perfect Warren Buffet share with net assets and cash and will get to 150p ish this year. Seems your a bit of a troll, what’s your agenda I wonder?
It could be that if Constellation buy a few more in the market for 96p ish they could end up with a big enough stake that they can then offer to buy all the rest of the shares for less than 96p and catch everyone out. It's not always a G/Tee anyone will pay more than current share price.
Bod
You make a fair point when it’s related to ordinary people.
TB is not like that. If he thought there was half a chance this was going ton150 he would have held
It’s the nature of the beast
He’s motor trade thru and thru, a dealer, not one to Chuck money away
Brammell being Constellation is the myth that won't go away on here.
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There are plenty of legitimate, personal reasons a retired board member might want to sell their shares.
TB had a huge shareholding. If he were to sell those shares on the open market, it would collapse the share price. Constellation offered him a very generous offer way above the market price for those shares (which is, in effect, an even greater % if compared to the collapsed share price from selling on the open market).
Let the man enjoy his retirement with guaranteed income now, rather than waiting for a takeover offer that might not arrive :)
Shell, I thoght I read it in the press, could be my memory or their reporting or both!
Tab
Not that I can see
Where did you pick that up from?
All, I thought TB had sold his shares to himself in effect as he is a major holder of constellation, is that not the case?
‘Out with the Old in with the New’ In more ways than one!
Jed
I suppose my point is if TB thought this was going higher than 102 anytime soon he would have held and made even a greater profit.
He’s as astute as they come and Yorkshireman to go with it, do would give now away cheap if you get my drift??
I guess TB has held look shares for many years and paid much less than £1.2, I like many thought he was going to make a full takeover for lookers but maybe in the end he wanted to get out with a great profit and I bet it is a great profit if he bought for 60p-80p over the years.
Now maybe lookers will not get a takeover offer by the new shareholder. What a game. !!!
Monty
So as I said worth less than book.
The key is why did TB sell out at 102
What does he know that we don’t?
The properties are independently valued as showrooms not Waldorf hotels. TB made £20m and probably doesn’t want the noise or pressure. Why is there a conspiracy theory. He sold on a market to market deal and above current trading price so not too shabby at all. The key is who persuaded him to sell and what is their agenda…………
Edward
Wake up lad
Checkout Harrogate and Sunderland as two examples of you being wrong. Oh, both incidentally owned and operated and closed by Lookers.
Checkout the closures in Essex, oh, again operated and closed by lookers!!!
Don’t see any of them reopening with a different operator or different franchise