Member Info for Hunter-2

Starting to move - good to see 👍

Has the market missed the news on the divestment of the investment property released after 4pm yesterday? IMO this divestment should vastly improve the cash position of the business

Maybe 347 was the low?? I certainly hope so!

I've bought a few today at 365p. Risk v Reward seems pretty good to me at this price. Time will tell.

CPO price up over 20% in the last 6 months but the share price here hasn't moved. Results later this month

Hedin out. Onwards and upwards.

...so bought some today. Like many, many other UK small and mid caps at the moment risk/reward seems very good at this price on a 1-2 year view (but who knows what the future holds) - gla

I think you could be waiting quite a while for it to get back to £2.50.

I bought some earlier this month though for £1.25. I think there's quite a lot of bad news baked into the price at this level (I may well be wrong though; I frequently am!)

Let's see what the full year results say in October - good luck

Https://www.constructionenquirer.com/2023/05/15/severfield-workers-vote-to-strike-over-pay-dispute/

Results a week today. This is incredibly cheap - trading update on 11th Jan referenced £80m+ profit and a cash/property value of 95p per share. Tough recession already priced in? Lithia's recent purchase of Jardine, a much smaller UK dealer group than Lookers, for a reported £300m+ highlights the value on offer.
The market though remains unimpressed!

https://www.constructionenquirer.com/2023/02/03/hare-and-severfield-win-250m-sellafield-deal/

yep; now the Marshall Motor Holdings acquisition's completed you wouldn't be surprised if Constellation were looking at making a bid for Lookers at the current share price. Even in these difficult times you'd have thought they'd be very interested in a complimentary business to Marshall's that's trading on a decent discount to cash plus it's (conservatively valued?) property portfolio.

The chart's ugly but I agree that, if you're prepared to hold for a few years, the current share price of just above £2 is a good entry point to start building a position. I too think the market's under-estimating Halford's increased exposure to less discretionary Motoring services spend and is still viewing the business as primarily a bikes and car accessories retailer.

Good luck trying to buy shares at 190p ish today - the price will spike as soon as the market opens

I love it when the market gives you these sort of buying opportunities! At circa 54p to buy today (i.e. sub £200m MCap) you get a well run company that's trading at a 12% discount to it's last reported Net Asset value; that has net cash and where you know, in less than 3 weeks from now, they're going to report a PBT of "not less than £75m". What a bargain!

The markets not going to like the lack of dividend and lack of explanation as to why there isn’t one.

A Cazoo bid to secure them a reliable source of used car stock? (like Constellation have done with Marshall).

I just don't see any reason why the tailwinds that are helping every other player in the sector won't also be helping Lookers and therefore expect to see a profit upgrade here very soon. PDG's share price is up 18% since it announced an upgrade on December 1st and Lookers share price arguably has more catching up to do...

Nice to see some director buying today albeit not massive money (for them at least). Also todays SMMT figures for November showed more profitable private retail regs up 42% on prior year in the month which again should be a positive read through for Lookers…

Another profit upgrade from PDG this morning - wouldn’t be surprised to see the same from Lookers soon.