I Read The News Today Oh Boy! 5-Oct-2018

Friday, Oct 05 2018 by
10

Morning all!

Motorpoint ( Motorpoint (LON:MOTR) ) – 203p – £198.1m – PER 10.0

Trading Update For The 6 Months To End September 2018 – Revenue up 9%, Operating margin at a similar level to last year, confident it can increase market share. No reference at all to expectations.

There’s still enough to worry about here to keep me Neutral, e.g. the sector in general, the Net Debt is quite high, the thin Operating margin and no reference to expectations in this update.

As always, all comment most welcome!

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Motorpoint Group plc is an independent vehicle retailer in the United Kingdom. The Company's principal business is the sale of vehicles, of which are approximately two years old and which have covered over 15,000 miles. The Company sells vehicles from brands representing vehicle sales in the United Kingdom, with models from Ford, Vauxhall, Volkswagen, Nissan, Hyundai, Audi and BMW. The Company operates from over 10 retail sites across the United Kingdom. The Company has a national contact-center dealing with online enquiries. In addition to sales of vehicles, the Company operates Auction4Cars.com, a business to business online auction platform for vehicles. The Company also offers ancillary products to customers, including customer finance packages, vehicle guarantees, insurance products and vehicle protection treatments. more »

LSE Price
215p
Change
0.5%
Mkt Cap (£m)
201.3
P/E (fwd)
10.8
Yield (fwd)
3.7



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


4 Posts on this Thread show/hide all

MrContrarian 5th Oct '18 1 of 4
5

My morning smallcap tweet: Barrel-scraping Friday.

Coral Products (LON:CRU), Tribal (LON:TRB)

Coral Products (CRU) bank agrees to waive any rights available to it as a result of the mortgage loan facility covenant breaches disclosed on Oct 1.
Tribal Group (TRB) CFO becomes acting CEO as well. CEO died in Aug.

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BlueFrew 5th Oct '18 2 of 4
2

Centamin (LON:CEY) - I sold out earlier in the year on the original production miss, but bought back recently. Now that they are through the poorer grade ore this could be a good long term bet from here. I particularly like the lack of debt and the decent yield here.

In the short/medium term as the everything bubble pops I expect deflation, as debt is defaulted on and the money it represents is annihilated. Gold might suffer along with everything else, but ultimately I expect the central banks to print heavily to get inflation back into the system. In that scenario, I expect gold to do well.

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andrea34l 5th Oct '18 3 of 4
1

If I was going to buy any shares in the motor sales sector it would be BCA Marketplace (LON:BCA) as they seem to be doing better than anyone. I sold at around 230ish after the rise following the bid approach... and currently watching them. Very ropey sector though, staggeringly bad September sales figures! Brexit worries too....

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Beginner 5th Oct '18 4 of 4
2

In reply to post #404799

Vertu Motors (LON:VTU) seems to me to be the best in the sector. It owns lots of freeholds, many in decent spots, and offers a reasonable yield. The sector is scary, but it is worth remembering that servicing provides a healthy and reliable income stream here, whereas BCA Marketplace (LON:BCA) is a pure sales pitch. (All seem best avoided, at least for the next few months!)

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