Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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I just don't see any reason why the tailwinds that are helping every other player in the sector won't also be helping Lookers and therefore expect to see a profit upgrade here very soon. PDG's share price is up 18% since it announced an upgrade on December 1st and Lookers share price arguably has more catching up to do...
Any ideas why our sp is struggling in the face of good news from the whole sector?
Another great update from VTU, its not difficult to understand why it's valued higher. Open and communicative management at VTU whereas here radio silence. Hello Lookers. Anyone awake?
VTU now £20 million higher value than Lookers. Come on BOD, get your fingers out!!
Good to see some significant director buying today.
Again, buys far outweigh sells.
MMH has flown, Pendragon has stirred.
But Lookers always was by far the cheapest of the 3.
Nice to see some director buying today albeit not massive money (for them at least). Also todays SMMT figures for November showed more profitable private retail regs up 42% on prior year in the month which again should be a positive read through for Lookers…
Clearly not or the price would not be falling. Someone is selling into retail buying.
Buys constantly and vastly outweigh Sells at the moment.
PDG close within a whisker of its 52 week high. LOOK 25% off theirs.
Really I had hoped with Phil White gone things would have picked up but still sleepy valley.
We need to see a statement form he company on outlook and shareholder returns before the end of January
Market cap is going to be c. 60% of net assets. And net assets are freehold and a huge pile of cash.
I think this is easily the cheapest share on the market
Despite their previous antics Lookers current valuation is bonkers.
50m profit in H1 with 33m of next cash. PDG H1 35m with 9m net cash. PDG this morning say they will have better numbers in H2 than H1.
Let's assume Look cant replicate that and only get to 80m FY. This mornings market cap for Look is 224m and PDG is 275m. 60m discount t PDG despite having 25m more cash at the end of H1 and presumably a lot more at the end of the year.
Nuts
Car dealership Pendragon now expects 2021 underlying pretax profit to be GBP80.0 million, up from October's guidance of GBP70.0 million. This, in turn, had been raised from a prior guidance range of GBP55.0 million to GBP60.0 million.
Another profit upgrade from PDG this morning - wouldn’t be surprised to see the same from Lookers soon.