We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The upcoming Trading update on Tuesday will certainly open some peoples eye’s to the profits lookers have generated YTD.
Marshall Motor Holdings PLC Pre Close Trading Update
25/06/2021 7:00am
UK Regulatory (RNS & others)
Marshall Motor (LSE:MMH)
Intraday Stock Chart
Friday 25 June 2021
Click Here for more Marshall Motor Charts.
TIDMMMH
RNS Number : 0772D
Marshall Motor Holdings PLC
25 June 2021
25 June 2021
MARSHALL MOTOR HOLDINGS PLC
("MMH" or the "Group")
Unscheduled Trading Update - Record Results anticipated for 2021
Marshall Motor Holdings Plc, one of the UK's leading automotive retail groups, today provides the following unscheduled trading update given significant upgrades to both first half and full year expectations for 2021.
The market has continued to benefit from positive tailwinds, including a recent unprecedented used vehicle value appreciation and favourable demand-to-supply conditions for both new and used vehicles. In addition, the Group has continued its strong outperformance of the wider new and used vehicle markets.
As a result, the Group expects to report an exceptionally strong first half performance in both profit and cash generation when it issues its interim results on 10 August 2021.
There remains a high level of uncertainty over the second half of 2021, and possibly longer, given the potentially significant impacts of new vehicle supply issues as a result of a well-documented worldwide shortage of semi-conductors, a realignment of used vehicle values and the continuing impact of the COVID-19 pandemic. To date, supply issues have had limited impact on the Group's sales volumes, however supply in both new and used vehicles has tightened and there are signs that these issues will become more acute in the second half of the year and maybe beyond.
As a result, there are a wide range of possible outcomes for the Group's full year results. Despite having committed to repay GBP4.0m of Government support, as previously announced, the Board now expects that continuing underlying profit before tax in 2021 is likely to be significantly ahead of current market expectations and well ahead of the Group's historic record result.
As previously stated, the Board understands the importance of dividends to shareholders and intends to resume the payment of dividends as soon as possible. It will consider the position next at the time of the release of its interim results on 10 August 2021.