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Is there a broker downgrade here or something? Honestly, you'd have thought people cant think for themselves.
Nice old rise of late. Expected it do do this as we approach ex-date, but its actually doing better than I had though. Decent rating all round too....http://www.mideasttime.com/inchcape-receives-hold-rating-from-numis-securities-ltd-inch/21643/
14 May Inchcape PLC INCH Deutsche Bank Buy 526.00 527.00 585.00 585.00 Retains 585p SP Target.
since march 2008. Been in these since the financial crisis,and yes thanks inchcape i have made a tidy sum on these,I bought when others were fearful and i'm not about to sell anytime soon neither with that news Maybe it's about time to reinvest in here MRTIKTOC.
trade..buy/sell?....
like i got out at a good time, been in these a few times and took a small gain so i might be back in.
x2,,big trade?....
out, just weighed in, with a nice 80% gain, 9 days in Sharm for me and the missus, nice on INCH>
happening here, anybody any news?
the new target for Inch?.
Well done mate thats a very healthy return gl....
Inchcape: Citigroup moves target price from 395p to 500p, while staying with its neutral rating.
Well I'm out now. Bought at 12p (£1.20 equivalent after the 1 for 10 shares issue) and sold yesterday for £5.20 Very happy with the 4 x profit but don't think they'll rise much further in the short term. Now waiting for Pendragon to catch up with inch. A British based company so running a few months behind inch. Currently 22p and hoping for 40p+, also very good end of year results this week!
Inchcape said the strong Australian economy has driven growth in the automotive demand, particularly in metropolitan areas and mining territories. Last year the new vehicle market grew a record 10% year-on-year to 1.1m units. André Lacroix, Group Chief Executive of Inchcape, said: "This is a significant step in the development of our operations in Australasia, giving us the opportunity to build further scale with premium and luxury brands represented in high quality retail centres in Sydney. "The transaction is in line with our strategy of expansion in Asia Pacific and Emerging Markets with luxury and premium brand partners. Trivett is a high quality operation and an excellent fit for Inchcape."
Inchcape has agreed to acquire Trivett Automotive Group, a luxury vehicle company in Australia. The international automotive distributor and retailer will take over the company on March 1st for a total estimated cash consideration of £78m. The deal is expected to strengthen Inchcape's position in the Australian market where the company has been operating since 1992. Trivett sells 9,000 vehicles per year including premium brands - BMW, Jaguar, Land Rover, Volvo, Honda, Rolls-Royce, Bentley, Aston Martin and McLaren. Revenue for the 2012 calendar year came to £390m and earnings before interest and tax reached £12m. Trivett has 10 freehold properties in Sydney with a market value of £31m.
way to my previous post, now showing a hefty 75% profit, gla.
550 the next target, come on inch.
Inchcape: UBS raises target price from 515p to 540p keeping a buy recommendation.
let's break through the 500 barrier.
Inchcape: Panmure Gordon raises target price from 430p to 518p and reiterates a hold recommendation.
it's bang in the middle of your last post, so that looks good.
Inchcape: Bank of America ups target price from 450p to 520p, while its buy recommendation is maintained.
now passed the 470 barrier, how far can this go? gla
Inchcape: Nomura takes price target from 440p to 485p leaving its neutral rating unchanged.
is getting closer. Come on