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VTU bigger market cap than Lookers at this point in time. What a joke?
I do believe that this has to be taken out shortly.
Somebody please put us all out of our misery :)
I reckon this is the cheapest share on the market.
What get's my goat is that I went in when it was showing 59p ish but Interactive would only offer me 62p to buy, so I didn't.
Just like to know how you get these best deals. luck does play it's part. Just have to wait a little longer and get more at 58p. !!!!!!
No idea J, but you read my mind, tempted in again for SIPP (increase from 76k to 82k), mine is the first transaction below, fascinating that a mystery algo elsewhere has copied it with an automated trade purchase six seconds later.
11-Nov-21 10:45:19 59.944 6,000 Buy* 59.30 60.00 3,597 O
11-Nov-21 10:45:25 60.00 6,000 Buy* 59.30 60.00 3,600 A
Also some useful 10k purchases dead on 60p since with sensible gaps between, looks like another like-minded individual. At this price even a slightly reduced earnings stream could support resumed dividend and buybacks, if the professionals don't want to commit or only want short-terming.
You know what happens we see a big drop and buy more shares only to see later in the day some news thats just come out and that's why the sp has dropped. Anyone seen any news ?
This has to be a sitting duck now, surely, with the market cap almost the same as Vertu and Marshall's, with a far superior freehold value and EDITDA figure predicted for 2021.
I was watching a report / programe today about electric cars and garages and it was saying many people who have already bought an electric car have found that when they breakdown which many have , they have taken them back to the garage they bought them only to be told they cannot fix them because they don't have the trained people to fix them so they have been sent somewhere else to be fixed.
The report was saying they are expecting the industry to need some 600,000 new trained electric car mechanics by 2030-35 and see a shortfall of 37,000. I didn't even think of this sort of problem , and I didn't know there were so many electric cars already breaking down but they may be keeping that quiet.
So maybe electric cars are not the be all and end all for now.
Proactive vs dozy.
There will be corporate action here I’m sure. TB will not sit and do nothing. If it gets broken up he could extract 50% upside.
Well, MMH are up over 40% during which time we have fallen. Unbelieveable such different movement - we must catch up surely?
Anders Hedin Invest AB26 Oct 2021 11:38
Goodness is something about to happenon pdg , these people have increased their holding from 15% to 23% in 1 go.
what does that mean , anything ?
Masybe there are a number of parties looking at this sector now. Could Lookers be next?
Don't see anything moving here until divi is restarted or some other price moving action. PE is nuts a t just over 3 but if the market was going to notice it would have happened by now. So 6 month wait I fear and of course anything can happen in between times...
I think we have all done that, we follow a stock / read all the news / do all the research / wait for the brokers notes and some results to come out and then when we think the stock price is at it's lowest for months we buy.
Only then to find the stocks goes down even more.
Who the hell knows what's going on. I did the same with lookers and bought at 60p ish then it sort of got stuck at 64p so I thought it's going back down so this time I sold it again, so far it was the right call but more luck than anything. Where do we go now?
40% higher that is
VTU SP performance growth now 40% LOOK YTD.
I bought the wrong stock :-(
Hope the new chairman has his kicking boots on
Well now we see Bristol street motors advertising the same as cinch, buy online + delivery + 14 days money back etc.
So will Lookers now be doing the same and will all the current big car firms be doing the same?
This will give the online only guys a big run for their money.!!!!
(6 October - author Ben Hobson)
https://www.stockopedia.com/articles/why-lookers-passes-this-stock-selection-checklist-243769/
In times of turmoil, it can be hard to know what lies in store for stocks. But using the same approach as some of the world's most influential strategists could help you track down those worth taking a closer look at.
Over several decades, finance academics and market professionals have reached a consensus about what really makes some stocks perform well (and others perform badly). They've pinpointed a handful of 'factors' that have become well-understood drivers of stock market profits.
Standing on the shoulders of these giants could help you track down shares with the potential to outperform - and one share that at first glance has some exposure to these drivers is Lookers (LON:LOOK)...
Choose high quality over junk
Some of the most influential stock market studies have found that Quality is an important factor that tends to show up time and time again...
Companies with a track record of profitable growth, high efficiency and solid finances, have been shown to be better bets on average than low quality, loss-making firms.
By our calculations (which use a range of financial quality metrics) Lookers has a Quality Rank of 70 (where zero is poor and 100 is excellent).
Opt for cheap over expensive
Another well-research observation is that attractively valued shares tend to outperform expensive shares on average over time. So it's important to look at Value and whether a company is being fairly priced relative to what it earns, owns and what it pays out.
By our calculations (which look at several valuation metrics) Lookers has a Value Rank of 99.
Look for a positive trend
It's easy to think that Momentum is only a measure for technical traders, but research once again shows that recent trends in both price and fundamentals can be a strong hint about the future. In the market, trends tend to persist, so it makes sense to look for stocks that are on an upward trajectory.
By our calculations (which look at both price and earnings momentum) Lookers has a Momentum Rank of 73.
Overall, there are signs here that Lookers has above-average exposure to three very important drivers of stock market profits...
What does this mean for potential investors?
Good quality shares that are well priced and rising in the market have very broad appeal. But there are no guarantees. Finding bullet-proof shares is difficult - and we've identified some areas of concern with Lookers, which you can find here. Knowing the warning signs and being aware of weakness is essential if you're going to preserve your wealth.
Alternatively, if you'd like to find more shares that enjoy strong exposure to these vital drivers of stock market profits, just come and take a look at
https://www.stockopedia.com/screens/high-quality-value-momentum-904138/?tid=1553&bid=633&sid=115557&aid=243769&cta=4&ticker=LON-LOO
Warren Buffet had to hold Imperial Tobacco for a long time after he spotted them as unloved and seriously undervalued. But the pendulum swung eventually and they rose. There will be a dividend payment. Even if they only paid 10p/share from the cash pile they are sitting on, never mind the £80 million profit they will have by year end, it will still mean a 14% yield. That will improve the share price and get the attention of bigger players. They have a pipeline of new car sales extending for a full year. No discounts. If you don’t like the price, lots of others prepared to pay it. This one truly is a no brainer.
Insane but stuck at this level.
I suspect the big institutional buyers are waiting to see when and at what level dividends will start to be paid again.
I tend towards Lookers (but also hold Pendragon), mainly because it has the most insane 2021 P/E.
A market cap of £253m with profit of £90m is wild. Throw in the freehold and cash already in the back, and it just gets wilder.
Ultimately, I find myself asking what I'm doing here if I'm not buying as much Lookers as I can.
Can't decide between Lookers, MMH, VTU and Pendragon. Had my eye on LOOK for a while but they all look pretty decent bets. Any thoughts? Cheers.
Ignore my last
Just noticed they announced permanent appointment in September
Dividends, etc……
Slightly disconcerting for me that Lookers have still not appointed permanent FD/CFO, a critical position IMO.
Would like to have seen a stronger appointment as I don’t think interim is right fit.
Not sure this board have the sophistication required to build and manage relationships required of a plc.
Bit harsh
LOOK BOD missed a trick in skipping any divi announcement, even if it was nominal. Excellent update from VTU this morning plus divi reinstatement plus buyback makes LOOK a laggard vs VTU and MMH.
All that said current valuation is still nuts. Even if I assume property valuation is worth 30% less than is in the books plus net cash gets me close to 90% of the current market cap, plus whatever is to come in profit in the second half (I assume the numbers will reflect the margin strength shown by VTU). If I add another 30m for H2 in then basically discounted book valuation of property plus cash is more than market cap.
Surely someone will take this out?
Plus we might see some corporate action. Clearly there is a lot of money sloshing around in the sector and I think if any of the listed companies are going to be taken out it’s going to be Lookers.