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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