Hardboy
15 Feb 2017
Re: Results Interesting - on the day of the results, the share4 price falls so we assume the market does not like them, but today we are above the pre-results share price, so it would appear after some consideration they do like them after all.
Hardboy
14 Feb 2017
Re: Results Good question. I think it's a given that US interest rates will be rising over coming months, so we tend to think we'll follow; but my point really was (as I understand it) the way Pension Deficits are calculated are - look at the people who will be drawing pensions use an average life expectancy to calculate how much is needed, then look at what's in the pot and assume it will appreciate by some percentage based on Govt Bond rates. So the lower the bond yields, the higher the pension deficit. Of course good pension fund managers will be investing the money where it can get better returns than that, so the pension liability is not necessarily as bad as it looks.
Joe Bear
14 Feb 2017
Re: Results How sure is it that interest rates will rise? Didn't the Swiss and Japanese rates go negative? What is causing the continuing appetite for bonds?
Hardboy
14 Feb 2017
Re: Results I noticed the pension liability; and increase in contributions. The increase does take money away from the business which is a bad thing; but the increase in pension liability (if I understand it correctly) is basically a theoretical increase because bond yields are so low in this country. When interest rates increase it should automatically improve the situation.
Regency Green
14 Feb 2017
Re: Results Agree slow and steady progress but the new car market is a clear headwind and the pension scheme contribution goes up by £4.1m this year. Will probably continue to hold for the yield but not enough here to make me want to buy more.
decpos2
14 Feb 2017
Re:Results I think the problem lies in the increased amount they are going to have to pay in extra pension provision, due to the pension obligation rising sharply
Hardboy
14 Feb 2017
Results It seems the market is not impressed, but I thought they looked solid. Slow & steady progress. Profits are up after a difficult year - not much; but certainly going in the right direction. The dividend is up and offers a yield of 4.25% and is more than 2 times covered. That to me suggests this is undervalued. Share buyback continues. There is fairly strong optimism, specially about the used car market. So I'm happy to stay invested, and won't of think of selling (assuming all things remain the same) till we reach 40 at least.
sagittaria
23 Dec 2016
Re: Director buying Sorry meant to type, since beginning of OCTOBER
sagittaria
23 Dec 2016
Re: Director buying that's around 6 million shares since the beginning of November.
Hardboy
17 Nov 2016
Re: Director buying The usual conclusion when directors buy is that they believe that the shares are undervalued.
sagittaria
17 Nov 2016
Re: Director buying Director buying seems to have been stepped up a bit, in the last 2 days 232,000: Anything to read into this?
Hardboy
09 Nov 2016
Lookers Lookers issued a trading update this morning. All vey positive. Bodes well for the industry.
paul1945
31 Oct 2016
Director buying BUY Dir.buys 1.8m. I have been in these before noticed dir. seem shrewd when deal. in own shares
sagittaria
27 Oct 2016
Re: Q3 IMS Thanks Hardboy, that was a good explanation, very grateful
Hardboy
27 Oct 2016
Re: Q3 IMS If you click on "Analysis" above this message and to the right. From the drop down menu select Fundamentals. Scroll down to the bottom of the page, and you will see a nice chart depicting the growing dividend since it was reintroduced in 2012. Above the chart are the details of past dividends - when they go ex dividend (i.e. one day after the date you needed to have owned the shares to qualify for the dividend) when they are paid and the value of each dividend, They are usually at more or less the same time each year for most companies.
