Member Info for ken4

new car sales were up 9% last year, 80% of those were leased vehicles. This means in 3 years time the cars will be returned, flooding the market with secondhand cars, all or most of them will be sold at auction, repeating every year, meaning constant revenue for BCA. Tied with their other automotive/engineering/services businesses, dividends will be guaranteed. Further acquisitions will grow the company, and, depending on the efficiency and skills of the management tied with good debt management, grow the share price also. Regards

The directors have declared an interim ordinary dividend of 3.41p per share. The interim dividend will be payable on 23 November 2012 to shareholders on the register at the close of business on 28 September 2012. Shareholders will be offered a scrip dividend alternative. Scrip dividend mandates need to be received by Equiniti by 26 October 2012. The second preference share dividend for 2012 will be payable on 1 October 2012 to holders of such shares on the register at the close of business on 10 August 2012

This site wil tell you most of want you want to know http://www.digitallook.com

I've been watching this company for some time now. I bought in at 99.1p.Noticed there is always buying into any weakness. Yielding over 8% the dividend is well covered and growable [ if that's a word ]. Don't worry about the claims for flood damage in recent rains in UK or the earthquakes in Italy, the company factors this in to a certain level, just reduces the free asset ratio slightly and profits may not be as good as they might have been without the claims. The company has strong management who are withdrawing from weaker markets and focusing on strong and more stable markets. Buy.