Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
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Cheers confirms my thoughts I was always told Pinewood division was worth a few quid however no one has put their money where their mouth is yet. Unless they appoint a decent CEO one to stay away from
Best hope here is or was some corporate action. Some interesting shareholders but gone all quiet recently. Maybe licking their wounds caused by getting in too early. Otherwise for me it's either a trader, 10% swings are quite common or keep away. Look at this mornings RNS, talk about keeping it short, it said absolutely nothing. Quite unprofessional IMO. Also their corporate website. Small pointers to answer you're question. IMO there are better LTH in UK motor retail, should you be that way inclined....BTW Odey is on the shareholder register but you may want take that as a contra indicator .
Is there any value in this group? seems like legacy issues remain
Not dissimilar business model....Lets see if The Dragons Management can do it?
A strong performance from its used car business helped Arnold Clark deliver pre-tax profits up 6.5% to £113.5m on turnover up 7.8% to £4.3bn in 2018.
The group saw used car sales volumes rise 9.5% to 238,977 units while new car sales – hit by WLTP – fell -2.6% to 68,344 units.
“Overall growth in revenue of 7.8% was primarily driven by used cars. Used vehicle supply has been strengthened considerably through investment in our Arnold Buys Your Car brand, which provides an efficient and reliable digital route to individuals to sell their used car,” said Arnold Clark CEO Eddie Hawthorne (pictured) in results filed at Companies House this week.
Arnold Clark has also invested heavily in its Motorstore used car centres, opening four centres in 2017 and one in 2018.
In February this year it opened a Motorstore in Bolton and plans two more in the latter half of the year.
In October it opened a dedicated preparation centre for used cars in Ayr, which will be rolled out to other centres.
“We invest significant resources into bringing newly acquired used vehicles up to the high quality standard we require before displaying for retail sale.
“As part of our ongoing drive for operational efficiency we have piloted a new process for this and in October opened a dedicated preparation centre in Ayr to provide this service to our branches in the area. This solution will be rolled out to other suitable locations throughout the group in in due course,” said Hawthorne.
During the year the company rebranded its sales force to Product Consultants and introduced a five-day working week for them.
It also expanded through acquisitions,