Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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These were some of the best results Ive seen all week....surprised it hasnt done a bit better. Maybe the storm is to come with press reaction.
Would be a great acquisition, 40+ dealerships in the Midlands with brands like Audi, VW, Toyota would really enhance the geographical footprint of MMH.
Yet more steady progress from this company. Whatever happens to the type of vehicles we drive they will still make good money doing what they do best viz: selling and trading. If it wasn't for all the recent gloomy press articles by journalists looking at half empty glasses I believe this share would be over £2. At this price it's a bargain!
And there's a hint in the RNS further growth through acquisitions are being lined up as the BOD continue their "growth strategy moving forward".
Unsurprising after a mention in last week's MoneyWeek. Only wish I had spare funds - Grrr!
Can't agree with you - all vehicles need to be bought and sold! And I can't see diesel trucks disappearing within 8 years. And there's no infrastructure out there for electric cars to take off. Wireless recharging is the way forward but it will cost £billions. New Garden Cities will incorporate it and that's the only way forward - I look forward to another 50 Milton Keynes with adventurous architecture and not selling plots to the usual criminals/developers. We don't have to live like this.
http://www.telegraph.co.uk/business/2017/05/14/petrol-cars-will-vanish-2025-says-us-report/
The debt looks to be pitched at comfortable level when you consider the speed of growth in the company fuelled by the two acquisitions which are already boosting profits. net cash from operations is up over 3 x from £25m to £80m over the past year, so if they can keep a tight rein on overheads and cash there should be no concerns IMO.
Is anybody else concerned about the relatively large increase in the levels of debt? It doesn't seem unreasonable based on the acquisitions in the year however it's a fair bit higher than that of its peers.
Excellent results and their CEO did a great job in snapping up Ridgeway to turn them into the 7th largest dealership. The company will hopefully be rerated now and such a pity that after the Brexit Vote the sp got hammered down to such a low level last year. Maybe £2+ by year end now who knows?
Very positive trading update which illustrates the underlying potential of this company. The market obviously thinks so too and with more clarity now about the Brexit negotiations the future is looking a lot more promising!
Good news - but shares stationary https://uk.finance.yahoo.com/news/car-sales-grow-1-4-092951510.html
https://uk.finance.yahoo.com/news/66-plate-drives-september-car-084600301.html
In the six months to June 2016 UK sales of second hand cars reached a new record high. The Society of Motor Manufacturers calculates that volumes are up by 7.9 per cent over the period taking sales through the 4 million barrier. Chief executive Mike Hawes added, ‘the growth of the used car market has reflected the record demand for new cars in recent years, but future growth in high cost purchases will depend on stable consumer and business confidence’.
Just bought into this one. Despite what brexiteers say I still think car dealerships are a good investment and MMH scores well when compared with most of the others - I also have a large (for me) holding in Lookers which I've had for years. Results out tomorrow so will be up early to see what they have to say.
I wasn't thinking of a takeover of JMG, just the UK franchises which are currently valued at between £50-75m, it's highly possible a takeover could take place if the board agree to sell. Jardine have been struggling with key sites to hit forecasted profit on new/used and aftersales. CSI targets have been missed and missed by some margin on over half of their sites, manufacturers like Audi wont tolerate that for much longer and that's before the roof fell down (MK Audi).
To buy Jardine Motor Group out would be very difficult, it sits within the huge international conglomerate that is Jardine Matheson holdings, worth a few billion, so a hostile takeover of the JMG is virtually impossible. Sale would only happen if the board of Jardine Matheson choose to sell, and I doubt that would happen as they certainly dont need the cash and Sir Henry Keswick, Chairman likes the comfort of his own "garages" around the country!!
Acquisition and really gives Marshall a good foothold across the UK. Next target Jardine Motor Group, someone take that disgusting group out, INCH, VTU, PDG, Lookers, Sytner, anyone.
...at 141p IMHO
Marshalls have a good name in the industry, not just vcars but aircraft repairs. An excellent company in which to invest
I was out last night with a few of the guys from SG Smith lots of tradition and loyal customer base and a genuine profitable business shrewd purchase long term for MMH Audi is not suffering like its brand partners
Marshall Motor Holdings - Acquisition of S.G. Smith WED, 18 NOV 2015 12:15AM http://www.brrmedia.com/event/140756/daksh-gupta-and-mark-raban Daksh Gupta, CEO, and Mark Raban, CFO, give an interview on the acquisition of S.G. Smith and the details behind it.
The company will grow there is more than 36.9 m to grow the portfolio patience is required