with brexit20 Jun 2016 11:51
almost dead and buried..was that bottom??
...55p is still v cheap (but then the whole subsector offers plenty of bargains..suggesting a great wariness of the uk car distributor profit cycle; weak fcf; weak bargaining power v major brands; prospect of fast slowing car sales growth)
...can vtu drive up profit margins towards subsector average?? if so, 55p shd be fine or a bargain imv