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I see Robbie is back : http://nakedtrader.co.uk/ " ... March 9th 2017 ... Motor point (MOTR) has caught my eye and bought some at one of the seminars on direct access. It has some risk as it listed near the 200p mark and has slumped. But unlike other companies in the motor sales area it hasn't risen. So I have taken a bit of a gamble with it - it does look cheap and everything hinges on what it says next. It hasn't said anything for ages so it won't be long. I bought it with the view I might have to take a loss if the statement shows they still have problems. So it might motor - or crash and burn! "
Skid35 - I bought in a 137p a few months ago, after looking at the director buys in October at 138p and looked a good investment. Was a bit surprised about the interim results where net profit had dropped from 10m to 2m. Although when you read in more detail MOTR had unexpected additional costs this year of 4m after joining the lse, so I'm looking at it more like 6m net profit. MOTR have also acquired 3 or 4 new sites which should start to be reflect next year I'm sure. I don't know why the RNS from Monday is not showing on here but Merrill lynch international bought nearly 6m shares on Monday, hopefully a very positive sign of things to come. Finally a friend of mine who has his own used car supermarket has bought some MOTR which surely must be a good sign. The motor trade has had a tough year around Brexit and peoples uncertainty to make big ticket item purchases, but people will get bored putting off their car purchases soon and I'm sure volumes will increase in the new year, as will the SP, nice to see 130p today. Good luck and merry Xmas !
Agreed. Underpriced compared to other auto sellers (although new not s/hand). Unfortunately purchased 5k at 197p and back in for a further 10k at 123p this week. Unless we have a significant economic conditions impacting consumer sentiment this should rise with results, even then this will still attract the price conscious shopper.
RNS - for Merill Lynch International - bought 6m Shares on Monday, That's a big buy, something about to land ?
Part 1 - Big investment from directors (£1.8m @ £1.38) Part 2 - Some key investors on Board (Standard Life / Miton) Part 3 - Solid profits y-o-y pre-IPO Part 4 - Good sales if you check FEEFO and see the number pf Sales going through ;-) Part 5 - 7.9% increase in used car sales from SMMT - good metric As Always DYOR and good luck holders for tomorrow ;-)
New Car Net Retail is down nearly 12% YTD, good news for the used car sector, hoping for some good results in the Interims on the 29th Nov to help push the sp northwards !
I'm assuming as AutoTrader advised that the second hand market was buoyant and new car sales have dropped off, that the best of both worlds could be buying from someone like Mototpoint. No idea where this share is going, but it seems like a calm before a storm of sorts..
Also could be a promising sign that the BOD's bought over 3m Shares between them @ circ 138p in October 16, possibly some good results are imminent. IMO
Well if this is anything to go bye. Second hand car sales have been on a upwards trend the best in 10 yrs. On the news recently .
Any ideas where this may take the SP ?
Hm looks like some journo has been taken out for lunch by a PR bird...
http://www.telegraph.co.uk/investing/shares/questor-profit-warnings-can-offer-an-opportunity-for-a-bargain/ " Questor: Profit warnings can offer an opportunity for a bargain – just look at Motorpoint By Richard Evans 26 OCTOBER 2016 • 10:27AM ... [Lots of interesting discussion] ... Questor says: Speculative buy " And an interesting/unusual pattern of trades today.
If anyone's wondering what a "Senior Independent Director" is : https://www.prismcosec.com/media/977659/Prism-Briefing-Senior-Independent-Directors.pdf Seems to have a strong connection with shareholders. I managed to reduce my average to ~152p last week. I'm guessing the profit warning wasn't really as bad as the SP reaction suggests. The key phrase is "the volume and margin performance in the first half is behind original management expectations"; note they didn't say "significantly behind" or even "materially behind", which is the sort of language typically used. (Though in fairness, they didn't say "slightly behind" either!) Anyway, the directors haven't been shy about taking the opportunity to buy cheap. So I think there's a fair chance I'll be back above water before too long. GLA
Is not motoring anymore it is flying.
Buys today.
Numis is a house broker. Any share target is effectively worthless.
Numis is a house broker. Any share target is effectively worthless.
Is motoring up.Chaep at these prices
I think so, Numis still think they are worth something though. Find it quite amazing after the stock has tanked from 210p to 125p in a matter of a few weeks, that Numis upgrade to 250p ! Might come good again in a few years ! The update caught me out, I was waiting for the half year report next month, seems unlikely that things will turn around in 1month.
Are these shares worthless?
Yep, clearly. PI's shafted again ! I've taken the heavy 40% loss this morning and run. The field is never level sadly.
Clear insider dealing yesterday.
'invested in margin' increases stock turn, it's not a bad thing and all dealer groups do it during the lean months. You don't want stagnant stock on your forecourt. RNS reads good, typical over reaction.
Oh dear, I'd thought any Brexit problems would already be priced in. I assume "invested in margin" means "cut prices"?
Yes, I see that their recent SP charts do look quite similar. And MMH have just released this RNS today : http://investing.thisismoney.co.uk/news/article/id/5433484 " Statement regarding recent share price movement The Board of Marshall Motor Holdings Plc has noted the recent movement in the Company's share price. Other than general speculation surrounding the potential impact of Brexit on the UK economy and the automotive sector in particular, the Board knows of no reason for this movement. ... "