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This along with the other metrics are all very good news Rivaldo but unfortunately is never reflected in the share price. Its value maybe compelling, however, as I have said before the lack of institutional interest is just a drag on the share price. Hopefully one day I wil be able to exit with a profit, a 3.4% dividend yield is hardly enough compensation.

Excellent news Rivaldo. Can’t help but thinking perhaps I should have invested in Awale but of course would not have known about it without Capital. Hopefully one day all this will be reflected in Capital’s share price. I suppose it reflects the problem with investing in small cap aim shares with little institutional interest. I remain positive though given recent market updates.

Agree, seems to be some positive momentum albeit at very low volume which often tends to distort the price. However until we get back above a £1 I am still in deficit. Perhaps I should have added more when the price was in the seventies but the African criminality etc was a concern.

Didn’t know about the Centamin earth moving contract ending this year which will obviously reduce revenue and subsequent profit. Is there any possibility that this will be renewed?

With TDR buying and Vertu also buying back their shares surely puts a floor under the share price. Enjoy the ride JpMorgan, perhaps you should close your hopefully, ill timed short.

Certainly a lot better than last Thursday, so glad that I did not panic sell. Seems Jpmorgan Asset Management might have made a big mistake with their recent short.

Seems GLG Partners should have closed out their short position about the 25th October rather than increasing it in November. I took the opposite view at the time and increased my holding. Hopefully we can finally consolidate above 230p now, although nothing can be taken for granted.

Agree, Hedin will make a nice profit on their holding in Pendragon which could be used to finance a purchase of Vertu. This might just play out as you suggest, the increase in Vertu’s share price certainly looks promising.

Comment from Car Dealer this evening suggests that Autonation may turn their attention to Vertu which still offers good value. Additionally Vertu owns some valuable assets.

Autonation, this evening, pulls out of bidding for Pendragon. Hopefully they will turn their attention to Vertu.

Seems to have some momentum here. Speculative buying or insider knowledge. Hopefully a bid coming soon.

A 57% increase on the current price, I doubt it. It would be nice, the market rising and Lgen going no where. Holding for the dividend but share price growth seems unlikely at the moment.

As you say Lookers seems to be holding up. Seems to bounce down to about 75 to sell and then back up again over a few days. Spread though is often to wide to make buying on the down days worthwhile. I continue to hold in the hope that we will eventually see a bid from constellation.

Whilst offering good long term value, is the current share price strength indicative of stake building prior to a bid. I can see no obvious reason at the moment why the share price should be bid up but as a shareholder it is good to see.

Agree that sale and leaseback is probably not the best strategy in the long term. However should Constellation wish to purchase our shares at a nice premium then they can do what they like with the freehold properties.

Let’s face it. Constellations Lookers shares are now only worth 89p. They would not be paying 102 if they were not seriously considering a full bid, irrespective of whether they are supportive of Lookers strategy or not.

In my opinion it is highly likely that we will see consolidation of the Retail Automotive space in 2022. The digital offering of the likes of Cazoo and Cinch have already seen a number of new players enter the very lucrative second hand car market. As such traditional retailers including Lookers are increasing their presence in digital market to compete. Assuming that the shortage of new vehicles continues well into the current year and profitability remains well above the long term trend a bid for lookers now would look to be very well timed so let’s hope for news on that front very soon.

Interesting find MikeClarke. I re-read the trading statement and group strategy update from which I have copied the following statement from item 4, increasing used vehicle penetration.
The Board continues to believe that the scaled used vehicle market presents the Group with a significant opportunity, as evidenced by several recent new entrants to the market. So yes it does look like Lookers are going compete head on with Cazoo and Cinch. Great to see a proactive board of directors now.

Thanks red wine day. I have this morning found on AM-online an article published yesterday titled, Lookers opens new Ford Transit Centre in Colchester. Perhaps that could explain the reduction in nett cash.

At the interim results nett cash was stated as 33m, three months later end of September 30m and today at December end 8m. Apart from the 4.1m returned to the government I am at a loss without final accounts to understand the large reduction in nett cash. Surely cash in transit does not account for the difference. Anybody able to throw some light on this.

Great to see this close above 250p but as you say Klse1 have we finally seen the back of the 240’s, let’s hope so. We have been here before but the close today above 250 looks promising.