Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Here is hoping that 2023 see's a steady but decent rise in share price. Not going to set targets but I would like to see a decent rise for LOOK. Continued good luck to all on this board be you investors, potential investors or those just watching. Good luck and success to one and all. Per ardua ad astra!!!! Rgds Saintly
All these rail strikes will have done no harm to new and used car sales in the last 3 months plus. Lookers will do their trading update later this month.
Lookers to open another dealership/retail unit to represent Polstar, and may open more in 2023 along with Ora. Slowly, slowly catch a monkey goes the saying. Less capital intensive way of growing distribution turnover.
Looks good here but when will the sp reflect the cash and property value? Currently the market assumption must be that the business has a negative value around 14p per share!!
The market just doesn't seem to back money trees with assets far exceeding SP. They have never made so much profit with tight supplies, direct selling guaranteeing margins, and lack of competition discounts. this has been going on for 2 years, or so now, and investors still asleep, or is it not enough of a casino bet? Lookers policy of opening retail type units, and using existing dealerships for taking on Chinese electric brands, will only increase profitability, as they are generally more affordable.
These very long established, asset backed, money tree companies are a curiosity.
It is incredibly easy to put together a portfolio of shares in companies that are enormously profitable, cash generative and dividend paying, but that are trading on a P/E of less than 4 (and in some cases sub 1).
It is frustrating in a way, but also an incredible buying opportunity for as long as it continues. So on balance, a good thing if you are a regular investor.
Edward, Who are these less than 4 p/e companies?
Well Schwee, have a look at the interims for Thungela plc, and Bisichi plc
Bisichi is over 100 years old, incredibly stable, and made £22m profit in H1. It will make at least that in H2. But its market cap is..... £28m. That is a p/e of about 0.6.
In one of the trade magazines yesterday was a report " The Americans are coming ". Lithia Motors are in advanced talks to buy Jardine Motors for £300m. Now this is based on their FY21 figures which showed profit before tax at £24.5m, against Looker's £90.7m, with turnover for 12 months at £1.66b, and year end freehold + long leasehold at £103m and net debt of £79.5m. If they do pay this, then where does this put our valuation when comparing figures. A minimum of £1.50 per share I would suggest, and probably more. It said that American dealers flush with cash are running their rules over UK dealerships, being very profitable and cash generative.