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some very positive results, car production and sales is clearly picking up across the board.... come on INCH
Or am I alone in thinking that?? I swear every time something good happens in the auto industry the market conditions elsewhere put a halt on Inchcape's SP. Today we have Ford annoucning it's best quarter in 6 years, and the Greece ratings fiasco. How are people playing the UK general election? I must admit I'm tempted to reduce my various share holdings until we have seen a new budget from whoever ends up in power.
thx very much for taking the time to answer my question. I'm obliged to you.
For many years prior to the share dilution Inchape used to trade at around 6.00p per share, then they rocketed up hugely to around £30.00p per share at which point they offered a six for one share bringing the price back down to a more investable £6.00 per share, then the credit crunch hit! the price dropped sharply as did the profits and to raise capital they offered shareholders nine for one giving massive dillution. The offer is now one share for every ten you own which is roughly going to put them heading in the direction of where we were pre-credit crunch. I have had shares in Inchape for over ten years and have made over seven times my initial investment, this is a great company, with huge assets compared to say Pendragon they are a brilliant investment long term. I am still in the motor trade however no longer with Inchcape the next couple of years are going to be ok years but by 2013 we will see well over the 2 million registrations just in the UK. Inchacpe are much bigger than just the UK with businesses very strategically positioned in emerging markets. My opinion is they will steadily climb from here but obviously DYOR.
in its first quarter reporting, beating analysts estimates and boosting its full year outlook as it reaped the benefits of a recovering auto market and higher prices for cars and trucks....
more of the same. Im in at 12p and also at 25. These really are doing well. Slow and steady!
I must admit that i'm no expert. I would assume that the company will have carried out an assessment of what may happen if they consolidate the shares, and i'm assuming that if they do, they expect that the market would be favourable otherwise they wouldn't do it. Is that right - anyone?
not get too greedy, last week i said break through 35p now inch it's way up to 37p and it'll keep going up, gla
I'd say INCH is a slow mover and in my opinion this will continue once the consolidation is done, it does depend on whether investors show interest at the new prices after the consolidation. However im in at 18p so Im glad im in these.
I have been in here since November 2008, and have always believed that the company is strong and has the potential to out perform the market. I am sure 40p is a possibility, id like to see higher but I am really usure how the consolidation will affect things. I think the bottom line is, any big rise will have to be preceded by the re-instatement of a dividend payment, and that may still be 12 months away
No
These are looking good for 40p prior to the consolidation (after 13th May AGM I think). I feel that there is a lot to come from these after the consolidation. There have been a few director buys too over the last month or so. Good luck every one.
i think ure correct and i want in,however its not payday till friday.the big question is do i sell my tw and bung it in here.
40p soon
heard on bbc breakfast news about toyota sales being very good. Keep the positive stuff coming
Give us a 34 plus finish!
up to 35p, that's what we're waiting for come on inch.
1% rise to start the day. GL all
in city am this morning - sales up 90% on March 2009. Could be an intestesting day
when everthing else i have got tanked
Doing very well at the moment and a great longterm recovery stock.
No, not really. Your shares " true " value stay the same All that happens is reduction in number of shares you hold compensated by same factor increase in the value(sp)= no change. Sorry...
I was well into INCH at 40p before the rights issue last year. Took my full allocation at 6p then and topped up a little more at 11p. So far, with the share price bouncing around at 30p Im quite happy, and always thought this share could concievably hit mid to late 40p's later this year, especially since the company has shed its debt. However, I am less confident that the share could go from £3.00 to £4.50/4.60 in the same time frame. I may well be wrong, but I guess the bigger share price might attract the bigger investors, but without a dividend anytime soon might it hurt our position? I am not a huge holder, but its enough to start to ask the question.
Shareholders will be asked to approve consolidation at the AGM 13 May 2010. If consolidation is approved then it will take place on a date to be decided
when is consolidation please?