I Read The News Today Oh Boy! 31-May-2019

Friday, May 31 2019 by

Morning all!

Lookers ( Lookers (LON:LOOK) ) – 86p – £335m – PER 6.9

AGM Statement And Trading Statement For Q1 2019 – A positive performance.

I still remain on the sidelines here and in the sector as a whole at present. 

As always, all comment most welcome!

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Lookers plc operates as a motor retail and aftersales company in the United Kingdom. The Company operates through two business segments: motor distribution and parts distribution. The motor division consists of over 150 franchised dealerships representing over 30 marques from approximately 100 locations. Aftersales represents the servicing, repair and sale of franchised parts to customers' vehicles. Its parts division operates in the independent aftermarket sector of the United Kingdom's motor retail market, where it operates through three operating companies: FPS, Apec Braking and BTN Turbo. FPS is a warehouse distributor of automotive parts. Apec Braking is a provider of dry braking (pads and discs). BTN Turbo is a distributor of turbochargers and supplier of related value added services. Its operations are also carried out across Ireland. It sells approximately 180,000 new and used cars and vans per year. In addition, it has an independent parts distribution business. more »

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  Is LON:LOOK fundamentally strong or weak? Find out More »

1 Post on this Thread show/hide all

MrContrarian 31st May 1 of 1

My morning smallcap tweet: Bagir suit loot pursuit reconstitute dispute

Stride Gaming (LON:STR), Nautilus Marine Services (LON:NAUT), Bagir (LON:BAGR), Audioboom (LON:BOOM)

Stride Gaming (STR) - approach by Rank at 151p.
Nautilus Marine Services (NAUT) proposes delisting. Already has 73% in favour.
Bagir Group (BAGR) suit mfr Shandong Ruyi has failed to pay the remaining cash payment of $13.2m to acquire 53.7% nor met other commercial commitments. Wants extension to 18 June to renegotiate. Board agrees but clearly pissed off.
Audioboom (BOOM) FY & trading Q1 ahead of management expectations with rev up 180%. Hang on, BOOM said that in April. Misleading to still says ahead of management expectations.

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