Firering Strategic Minerals: From explorer to producer. Watch the video here.
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I do believe that this has to be taken out shortly.
Somebody please put us all out of our misery :)
VTU bigger market cap than Lookers at this point in time. What a joke?
I smell a rat with the information of second hand car valuations based on my experience. I have seen valuations from We Buy Any Car go from £13750 earlier in the year to a peak of £15500 around August and now a price of £13850. Does appear to be quite a correction in the market, unless WBAC are just trying it on?
VTU is a demonstrably a better managed company . No thieving, no accounting scandal, CEO with big stake on the business, Dividends, share buy backs and expanding the business at the same time. The market is right and its no joke....Lookers BOD were asleep at the wheel.
Its about time the BoD did something. Buy back at these prices is buying fivers for a pound.
Buying fivers for a pound is a remarkably accurate analogy, redwineday.
They are very range-bound on low volumes. The BoD are sitting on a cash pile with a pipeline of new car sales with guaranteed revenue stretching for a year. I think that a breakout depends on the resumption of a decent dividend. Hopefully an announcement early in January when they know what they earned in 2021 and estimates for 2022 earnings firm up.
Its chicken and egg. Low volume as no one is interested in a retailer that doesn't return cash to its shareholders. A dynamic BoD/CEO would take advantage of the SP now and create a virtuous circle. Instead we have csh piling up waiting until a date in the diary passes? Doesn't sound very entrepreneurial to me. Oh wait....
This is going to take some patience - which is frustrating - and I agree that VTU is better managed. Nonetheless, on a 5 to 6 month view, the current share price is surely a bargain. 10% cheaper than the price when they announced a profit upgrade 7 weeks ago; trading on a circa 30% discount to the value of the property portfolio; cash generative and with cash in the bank; on a current year P/E of less than 4. IMO sub 60p is a great entry point.
https://www.fool.co.uk/2021/11/23/2-dirt-cheap-uk-dividend-stocks-to-buy-for-2022/
Fool is the correct moniker. HTF does he know what the yield will be for next year. This type of trash should be outlawed by the FCA.