"well positioned" 17c divis for the year re a 7% yield, payout ratio increased. Oxford maybe flicked.Alot of ageing cars needing to be replaced guarantees continuity, what a great space.
Finance looking a bit weak: Revenue 11% up and earnings 5% down. Is this good for a finance company?
Wondering as well how to read this comment:
and that:
hmm ...
Maybe they have a finance company that runs at a loss so that the sales figures remain high?? Robbing Paul to give to Peter, both working within the same company.
Maybe they have a finance company that runs at a loss so that the sales figures remain high?? Robbing Paul to give to Peter, both working within the same company.
Originally Posted by bull....
mentioned earlier on this thread that there debt was too high , so glad they see this now and are implementing strategy to rectify this.
First impressions are uninspiring. Probably flogging off their finance division which seems to be a tacit admission that they're not getting an acceptable return on invested capital and looking at other strategic reviews as well. Lot of reviews and real net profit appears to be down.
The used car industry is very tough, always has been and probably always will be.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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Originally Posted by BlackPeter
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