Member Info for redwineday

On current form if you wait another couple of days you could average down even more. Watching this fall has become a daily chore. Now a typical AIM MM plaything....

Probably easier to buy a mine in Lesotho. I can recommend one at 1.20 per share

https://www.diamonds.net/News/NewsItem.aspx?ArticleID=67853&ArticleTitle=%2bDe%2bBeers%2bLooking%2bat%2bGreenland%25e2%2580%2599s%2bMarine%2bDiamonds

Plus we might see some corporate action. Clearly there is a lot of money sloshing around in the sector and I think if any of the listed companies are going to be taken out it’s going to be Lookers.

We might get a few more pennies before the end of the month as I expect broker upgrades will see most of them at £1 ish.

PDG up 8% VTU up 2 and MMH up 3. LOOK have dropped the ball vs the others in not f/c profit or confirmation of divis. VTU buybacks. LOOK err….maybe we payout one day next year. Clearly trading is fine so really hope the new chairman gets this sorted. The last one was completely useless….

The algos are still selling into any buys. Definitely something sniffy going on....

Really thought to watch this. Now best part 50% of the recent highs. But one thing to remember here is how tightly held the shares are and the low level of the free float. PI's are making this move by this degree.

I came across and negative guys, sorry! Just a question of transparency and trust for me given what has happened here over the last couple of years. Gaining the trust of the market in being clear in what you say and doing what you say you are going to do is worth millions on the market cap. They still have a way to go on this but hoping the new choir will sort that.

Hmmm. Net cash is the same as at the end of June after paying back the govt. So implies FCF was only marginally positive in the period.

Also I don't know why they cant make a profit forecast for the full year. They have only 3 moths to go. They know how many cars they will have to sell in the period, the AS rev is constant. Marshalls managed to make a forecast why cant Lookers.

Waffly RNS

Tim has a lot to answer for.

However new US based team, new chairman with a reasonable stake, new US non execs and a US CEO who has done it before.

Of course it still has to be proven that they can make it work bit I think the risk reward ratio here is very compelling.

https://www.hardmanandco.com/hardman-co-life-sciences-investor-forum-september-2021/

GM gives a good impression of knowing what he needs to do. Just needs the time to do it. I remain confident despite the slowly deflating SP

Logically if used cars are up 100% and new are down 30 then should, on balance, be more profitable for retailers. That said eventually there will be an unavoidable crunch in used car stock too.

I also think the value of the freeholds is a red herring. If the motor retail business is about to be disrupted (not saying it is or that Cazoo will take over the world, but the world will to be the same for LOOK et al in 5 or 10 years) then the valuations as non motor trade premises are worth nothing like the book value today.

Sept regs due tomorrow or the following day. Could be Sept market was worse than forecast. Even so...

Fastcar will be along in a bit to entertain with his rant about about Cazoo valuation, not making any money blah blah blah and how LOOK is a neglected money making machine. Would be good if he could explain why his baby lost 20m in market cap today.

Welcome to Lookers!!!

New Chairman must be chuffed. He is already 8k down on his first purchase and 2 days into the job!

Sitting at 3.3 Totally nuts. Ripe to be taken out....

The selling is almost entirely algo driven. My guess FWIW is pric eis being walked down to allow a stake to be built. I can’t see the existing major holders are selling out at this price in this market.

Can't believe TB isn't thinking exactly the same thing and he has access to the money needed!