Cambria was established in 2006 with a strategy to build a balanced motor retail group, through close cooperation with its manufacturer partners and the self funded acquisition and turnaround of under-performing businesses. This strategy has proved very successful.

Following the acquisition of County Motor Works in January 2013, the Group now comprises 27 dealerships, representing 42 franchises and 17 brands, in a balanced portfolio spanning the high luxury, premium and volume segments.

The Group operates dealerships across England with a geographical spread from the North West through the Midlands, down to Kent in the South East and across as far as Exeter in the South West, trading under local brand names, including, Dees, Doves, Grange, Invicta, Motorparks and Pure Triumph.

Cambria's brand portfolio currently comprises Abarth, Alfa Romeo, Aston Martin, Chrysler Jeep, Citroen, Dacia, Ford, Fiat, Honda, Jaguar, Mazda, Nissan, Renault, Seat, Vauxhall, Volvo and Triumph.

Our success in turning around under-performing dealerships has enabled Cambria to build a strong balance sheet. As a result, the Group is now in a position to consider acquisitions which are earnings enhancing from the outset, strengthening Cambria's brand portfolio mix further and fulfilling our national ambitions to create five regional clusters, each with a turnover of £200 million.


http://www.cambriaautomobilesplc.com/our_brands

http://www.cambriaautomobilesplc.com/index.jsp

Final Results

RNS


RNS Number : 8963T

Cambria Automobiles Plc

26 November 2013






26 November 2013



Cambria Automobiles plc

("Cambria" or the "Group")



Audited Preliminary Results 2013



Cambria Automobiles plc (AIM: CAMB), the franchised motor retailer, is pleased to announce its audited preliminary results for the year ended 31 August 2013.



Financial highlights:



· Revenue increased to £395.8m (2012: £352.5m) - up 12%

· Underlying profit before tax ahead of Board's expectations at £4.1m (2012: £3.1m) - up 32%

· Earnings per share increased to 3.49p (2012: 2.34p) - up 49%

· Strong operational cash flows resulting in a cash position of £14.8m (2012: £11.5m) and net cash of £2.9m (2012: £0.1m)

· Balance sheet strengthened further - no net gearing

· Proposed final dividend of 0.4p per share plus maiden interim dividend of 0.1p, giving total dividend per share of 0.5p (2012: 0.3p) - up 67%

· Underlying return on shareholders' funds of 16.6% (2012: 13.5%)



Operational Highlights:



· Growth in new vehicle sales of 16.1% - ahead of the market at 9.8%

· Modest increase in used vehicle sales with 6.5% improvement in profit per unit

· Aftersales revenue and gross profit accounted for 14.3% and 45.1% of Group revenue and gross profit respectively

· Acquisition of County Motor Works and freehold property, adding a further Vauxhall and Alfa Romeo dealership and the Group's first Chrysler Jeep dealership

· Brand standards refurbishment of Swindon Motor Park facility completed - cost of £0.5m

· Post year end acquisition of freehold interest in Fiat and Nissan dealership in Warrington for £2.2m, reducing annual rental costs by £0.2m





Mark Lavery, Chief Executive of Cambria, said:



"Our buy-and-build strategy to turn around underperforming businesses, executed under exceptionally tough trading conditions, has proved very successful. From a standing start in 2006, the Group now has 27 dealerships, representing 42 franchises and 17 brands. Our strong cash generation provides us with the balance sheet to acquire instantly earnings enhancing businesses, which will strengthen our portfolio mix and help to fulfil our national ambitions to create a Group with annual revenues of over £1 billion.



The Group's performance in the first two months of the new financial year was ahead of plan, as well as the year under review, and we are confident of maintaining this momentum."



- End -

Trading Update

RNS


RNS Number : 7732X

Cambria Automobiles Plc

16 January 2014








16 January 2014



Cambria Automobiles plc

("Cambria" or the "Group")

AIM: CAMB



Trading Update



Prior to the Annual General Meeting being held today at 10.00 hours, the Board of Cambria Automobiles plc ("Cambria" or the "Group") is pleased to announce the following trading update:



Cambria is successfully maintaining the momentum achieved in the second half of the last financial year and the Group's trading performance in the first four months of the current financial year has been substantially ahead of the corresponding period of 2012/13. This performance has been achieved in a strong domestic new car market, in which registrations were up 11.4% on the same period in the prior year.



Overall, new vehicle unit sales increased by 21.9%, up 12% on a like-for-like basis and in line with the market. The Board anticipates that new car volumes will remain robust in 2014. Used vehicle sales also performed well with unit sales 9.5% ahead of the same period last year (up 2.9% on a like-for-like basis) with margins remaining strong. The growth in the Group's aftersales operations is continuing with profitability currently up 4.5% year-on-year.



The Board expects the interim results for the six months to 28 February 2014 to be significantly ahead of the prior year and views the outlook for the remainder of the financial year with confidence.

UK motor industry on track for record car sales and vehicle production could reach levels not seen since the 1970s





http://www.dailymail.co.uk/money/cars/article-2540900/Britain-track-record-car-sales-carmakers-hit-1970s-levels.html

Pre-close Trading Update and Notice of Results

RNS


RNS Number : 5173B

Cambria Automobiles Plc

05 March 2014








5 March 2014



Cambria Automobiles plc

("Cambria" or the "Group")

AIM: CAMB



Pre-close Trading Update and Notice of Results



The Board of Cambria, the franchised motor retailer, is pleased to announce that it expects the Group's results for the six months to 28 February 2014, which will be issued on 13 May 2014, to be significantly ahead of the prior year and that it views the outlook for the remainder of the financial year with confidence.



Trading Update



Further to the trading update issued on 16 January 2014, trading performance in the first five months of the current financial year has been substantially ahead of the corresponding period in 2012/13.



New vehicle unit sales increased by 18.7%, against a market up 10.8%, and margins remained strong. The Board anticipates that new car volumes will remain robust throughout 2014 but that margins may come under pressure if the availability of new cars exceeds natural retail demand. Used vehicle sales also performed well; unit sales were 11.1% ahead of the same period last year with gross profit per unit improving by 5.8%. Growth in the Group's aftersales operations also continued with profitability currently up 5.0% year-on-year.



Heading into the important March trading period, the new car order book is ahead of the same point last year, reflecting the ongoing momentum in the new car market. If this trend continues at current rates, the Board expects the Group to deliver a strong trading performance in this crucial month.

New car sales rise in every month for the past two years after boost in quiet February


By Jonathon Hopkins

PUBLISHED: 12:30 GMT, 6 March 2014 | UPDATED: 12:46 GMT, 6 March 2014


http://www.dailymail.co.uk/money/cars/article-2574671/New-car-sales-month-past-two-years-rise-typically-quiet-February.html

Interim Results 2014

RNS


RNS Number : 9038G

Cambria Automobiles Plc

13 May 2014








Embargoed for release at 0700 hours 13 May 2014



Cambria Automobiles plc

("Cambria" or the "Group")



Unaudited Interim Results 2014



Cambria Automobiles plc (AIM: CAMB), the franchised motor retailer, is pleased to announce its un-audited interim results for the six months ended 28 February 2014, which show revenue and profits well ahead of the comparable period in the prior year.



Financial highlights:



· Revenue increased to £204.8m (H1 2013: £179.1m) - up 14.3%

· Underlying profit before tax* at £2.02m (H1 2013: £1.39m) - up 45%

· Underlying earnings per share* increased to 1.56p (H1 2013: 1.04p) - up 50%

· Strong operational cash flows, resulting in a cash position of £12.99m (H1 2013: £9.67m) and net debt of £0.7m (H1 2013: £3.0m) after £6.7m of capital expenditure

· Strong balance sheet with net assets of £25.8m

· Interim dividend maintained at 0.1p



* These items exclude non-recurring expenses of £nil (2013:£0.08m)



Operational highlights:



· New vehicle sales up 17.1% - well ahead of overall growth in the UK market at 10.3%

· Used vehicle sales up 9% with a 3.7% improvement in profit per unit

· Aftersales accounted for 13.3% and 44.4% of Group revenue and gross profit respectively

· £6.3m invested in the property estate, reducing annual rental costs by £0.3m
- Acquisition of freehold interest in Fiat and Nissan dealership in Warrington for £2.3m
- Acquisition of freehold interest in Ford dealership in Croydon plus additional land for future

franchise expansion opportunity for £4m



Mark Lavery, Chief Executive of Cambria, said:



"This is a pleasing result for the Group. We have improved performance across all areas of the business and outperformed a growing UK new car market. Post period end, trading results in the key month of March were ahead of plan and the previous year and the Board is confident of maintaining momentum in the second half.



"In line with our strategy to improve the favourable mix of Cambria's portfolio, we continue to focus on further strengthening the Group's position in luxury and premium brands and are actively exploring acquisition opportunities which have the potential to fulfil our ambitions."

Acquisition, Trading Update and New Franchise

RNS


RNS Number : 6710L

Cambria Automobiles Plc

08 July 2014






8 July 2014



Cambria Automobiles plc

("Cambria" or the "Group")

AIM: CAMB



Acquisition, Trading Update and New Franchise



Cambria, the franchised motor retailer, is pleased to announce that it has today completed the Trade and Assets acquisition of its first Land Rover franchise and a further Jaguar franchise operating from one dealership in Barnet, North London, from Hadley Green Garages, which is owned by Lookers plc, for a total cash consideration of £10.47 million.



The Board is also pleased to report that the Group's trading continues to perform well in a strong new car market and that it remains on track to at least match market expectations in the current financial year.



The consideration for the acquisition comprises £3.75 million for the freehold property, £5.0 million of goodwill, £0.46 million for fixed assets, with the remaining £1.26 million for used cars, parts stock, demonstrator vehicles, accruals and prepayments. It is the Group's intention to draw down a new term loan in respect of the freehold property acquired, with the balance of the consideration to be satisfied using the Group's existing financing facilities.



The acquired dealership's combined management accounts for the year ended 31 December 2013 show revenue of £46 million and, on an adjusted basis, Cambria estimates the profit before tax for same period was £0.7 million. It is anticipated that this dealership will be significantly earnings enhancing in the next financial year, 2014/15.



The Group has also recently added a second Jeep franchise, which will sit alongside its Fiat business in Oldham, further strengthening the relationship with Fiat Group Automobiles.



Mark Lavery, Chief Executive of Cambria, said: "Following our success in turning around underperforming dealerships, it is very pleasing to announce the acquisition of our first Land Rover and the addition of a sixth Jaguar dealership, which are expected to be rapidly earnings enhancing and strengthen our brand portfolio mix.



"The Land Rover brand continues to perform exceptionally well and has been acknowledged as the most valued new car franchise by the National Franchised Dealers Association's Dealer Attitude Survey. Cambria is already working closely with Jaguar which is going from strength to strength and the new product roll-out, scheduled for 2015 onwards, is very exciting.



"The purchase of this dealership is very much part ofour growth strategy and the Board expects the acquisition to make a considerable contribution to the Group's performance in 2015."

8 Jul Panmure Gordon 84.00 Buy

Trading Update and Notice of Results

RNS


RNS Number : 9930Q

Cambria Automobiles Plc

08 September 2014






8 September 2014



Cambria Automobiles plc

("Cambria" or the "Group")

AIM: CAMB



TRADING UPDATE AND NOTICE OF RESULTS

Full year results expected to be ahead of current market forecasts



Cambria, the franchised motor retailer, announces the following trading update ahead of its preliminary results for the year ended 31 August 2014.



Trading Update



Further to the Acquisition, Trading Update and New Franchise announcement released on 8 July 2014, the Board is pleased to report that the Group has continued to perform well and that the results for the year ended 31 August 2014 are expected to be ahead of current market forecasts.



Trading in the first 11 months of the 2013/14 financial year has been substantially ahead of the corresponding period in 2012/13. New vehicle unit sales, excluding the recently acquired Land Rover and Jaguar business in Barnet, increased by 15.7%, outperforming the overall market which rose by 10.6%, and margins remained strong. Used vehicle sales also performed well; unit sales were 3.2% ahead of the same period in the prior year with a gross profit per unit improvement of 5.9%. Growth in the Group's aftersales operations also continued with a profit increase of 4.3% year-on-year.



The integration of Land Rover and Jaguar in Barnet is progressing well and the Board is encouraged with the potential of this business, which is expected to make a considerable contribution to the Group's performance in 2014/15 and beyond.



Heading into the important September trading period, the Group's new car order book is ahead of the same point last year, reflecting the continuing strength of the new car market. The Board continues to view prospects for the new financial year with confidence.



Notice of Results



Cambria will announce its preliminary results for the year ended 31 August 2014 on Tuesday 25 November 2014.

8 Sep Panmure Gordon 84.00 Buy

Watch: Mark Lavery, CEO, Cambria Automobiles - Mello 2014

click here

final results Tues 25 Nov

Final Results

RNS


RNS Number : 8603X

Cambria Automobiles Plc

25 November 2014








25 November 2014



Cambria Automobiles plc

("Cambria" or the "Group")

(AIM: CAMB)



Audited Preliminary Results 2014



Cambria, the franchised motor retailer, is pleased to announce its audited preliminary results for the year ended 31 August 2014, which show continued improvement in the Group's operational and financial performance.



Financial highlights:



· Revenue of £450.1m (2013: £395.8m) - up 14%

· Underlying profit before tax of £5.4m (2013: £4.1m) up 32%

· Profit before tax of £5.3m (2013: £4.0m) - up 33%

· Earnings per share of 4.15p (2013: 3.49p) - up 19%

· £10.5m acquisition of Jaguar and Land Rover business in Barnet in July 2014 including £3.75m of freehold property

· Further £6.5m invested in freehold property estate

· Strong balance sheet - net debt of £4.6m and net assets £28.3m

· Proposed final dividend of 0.5p per share, giving total dividend per share for the year of 0.6p (2013: 0.5p) - up 20%

· Improvement in underlying return on shareholders' funds to 15.9% (2013: 15.5%)



Operational highlights:



· Growth in new vehicle sales of 16.7% - 6.1% ahead of the market at 10.6%

· Brand portfolio mix further improved with the acquisition of the Group's first Land Rover dealership and sixth Jaguar dealership; additional Jeep franchise secured in Oldham

· Increase in used vehicle unit sales of 2% with profit per unit improving

· Increase in service and bodyshop hours sold of 3.4%

· Motor Trader "Dealer Group of the Year 2014"





Mark Lavery, Chief Executive of Cambria, said:



"The new financial year has started strongly with the Group's performance in the first two months being both ahead of our business plan and significantly ahead of the year under review. I am pleased with the progress that we are making across our established businesses; I am excited by the potential of the newly acquired Jaguar Land Rover business in Barnet; and I am confident that Cambria can maintain this momentum and deliver further improved performances across all it departments in the current financial year."



- End

Trading Update
RNS
RNS Number : 2031C
Cambria Automobiles Plc
15 January 2015



15 January 2015



Cambria Automobiles plc

("Cambria" or the "Group")

AIM: CAMB



Trading Update



Prior to the Annual General Meeting being held today at 10.00am, the Board of Cambria is pleased to announce the following trading update.



The Group is successfully maintaining the momentum achieved in the last financial year and the trading performance in the first four months of the current financial year has been substantially ahead of the corresponding period of 2013/14. This performance has been achieved in a strong domestic new car market which has now seen 34 consecutive months of growth, and 2,476,435 registrations recorded in calendar 2014, the highest level since 2004.



All aspects of the business continue to show strong profit improvement on both a total and a like-for-like basis. The Group's new vehicle unit sales in the first four months of the current financial year increased by 19.3% and by 11.9% on a like-for-like basis, well ahead of the UK new car market which grew by 8.2% in the same period. The Board anticipates that new car volumes will remain robust in 2015. Used vehicle sales also continued to perform well, with unit sales 1.8% ahead of the same period last year (flat on a like-for-like basis), with the gross profit per unit continuing to increase. The growth in the Group's aftersales operations is continuing, with profitability currently up 10.7% year-on-year and up 3% on a like-for-like basis.



The Barnet business that was acquired in July 2014 has performed in line with expectations. This acquisition added the sixth Jaguar dealership and the first Land Rover dealership to the Group, and the Board remains confident about its potential.



The Board expects Cambria's interim results for the six months to 28 February 2015 to be significantly ahead of the corresponding period of 2013/14 on a like-for-like basis and views the outlook for the remainder of the financial year with confidence. In this regard, the Group's trading performance is also tracking ahead of current market expectations for the full year.

​Hot on the heels of Vertu Motors yesterday, Cambria Automobiles has come out with a positive trading update.

Who do you chose: Vertu Motors or Cambria?

See more at: http://www.investorschampion.com/blog/ or http://tinyurl.com/njk2b74

Pre-close Trading Update and Notice of Results
RNS
RNS Number : 7080G
Cambria Automobiles Plc
06 March 2015

6 March 2015



Cambria Automobiles plc

("Cambria" or the "Group")

AIM: CAMB



Pre-close Trading Update and Notice of Results



The Board of Cambria, the franchised motor retailer, is pleased to announce the following pre-close trading update ahead of the announcement of the Group's results for the six months to 28 February 2015.



Trading Update



Further to the trading update issued on 15 January 2015, the trading performance in the first five months of the current financial year has been substantially ahead of the corresponding period in 2013/14 and in line with recently upgraded market expectations.



New vehicle unit sales increased by 17.1% (9.9% on a like-for-like basis), against a market up 7.9%. New car margins remained strong and the Board anticipates that new car volumes will remain robust throughout 2015. Used vehicle sales also performed well: unit sales were 2.1% ahead of the same period last year (flat on a like-for-like basis), with gross profit per unit continuing to increase. Growth in the Group's aftersales operations also continued, with profitability currently up 7.7% year-on-year.



Heading into the important March trading period, the new car order book is building well, and the Board expects the Group to deliver a strong trading performance in this crucial month.



Following on from the successful acquisitions of Barnet Land Rover and Jaguar the Board continues to explore acquisition opportunities that will further develop the Group in line with its stated strategy.



The Board views the outlook for the remainder of the financial year with confidence.



Notice of Results



Cambria will announce its interim results for the six months ended 28 February 2015 on Tuesday 12 May 2015.

On Tuesday, Cambria Automobiles PLC (CAMB:LSE) closed at 59.00, 0.00% below its 52-week high of 59.00, set on May 05, 2015.

A buy in this weeks IC

ST of IC today - Target price

Having assessed the risks, and assessed the chart set-up and likely newsflow, I feel that Cambria's shares are worth buying ahead of a pre-close trading statement in early September and ahead of the full-year results in November. A close above the June high of 61.5p would take the shares into blue sky territory and signal that the next leg up in the share price has started. A rally towards my target price of 75p, equating to a fiscal 2016 earnings multiple of 12, would then be on the cards.

Offering 30 per cent share price upside, I rate Cambria shares a buy on a bid-offer spread of 56p to 57.5p on a six month basis. Please note that Cambria's top six shareholders own 64.6 per cent of the issued share capital of 100m shares, but the shares are still readily tradable and within the spread in bargains above the electronic market size of 3,000 shares.

ST of IC today - I am more than comfortable with analysts' predictions that EPS will rise from 5.4p to 6.3p in the 12 months to end August 2016 and for the dividend to be hiked again to 0.8p a share. This means that the shares are currently rated on 11.5 times fiscal 2016 earnings estimates and offer a 1.1 per cent prospective dividend yield which still doesn’t seem too punchy for a company where the risk to earnings is on the upside. Run profits.

ST of IC - Run profits

Preliminary results


· Strong balance sheet - net assets £33.7m

· Strong operational cash flows, cash position of £15.4m (2013/14: £10.3m)

· Net cash of £1.0m (2013/14: net debt £4.6m) after significant investment in April 2015

· Return on Equity at 19.6% (2013/14: 15.9%)

· Proposed final dividend of 0.6p, full year up by 25.0% to 0.75p per share (2013/14: 0.6p)

· Post year-end, new £37.0m, 5 year banking facilities arranged, including an undrawn £22m revolving credit facility, providing additional funding capacity



Operational Highlights



· Growth in new vehicle sales of 9.0%

· New car retail profit per unit increased 12.6%

· Increase in used vehicle unit sales of 4.4%

· Used car profit per unit increased by 5.3%

· Increase of 7.8% in service and bodyshop hours sold

· Barnet Jaguar Land Rover acquisition from June 2014 integrating well with profit contribution in line with expectations

· Swindon Land Rover acquired on 30 April 2015 for £7.6m, integrating well and contributed in line with expectations

ST of IC today - Cambria's shares should offer decent mileage to my upgraded target price of 90p. That’s marginally above the 86p fair value estimate of Matthew McEachran of broking house N+1 Singer, but significantly less than the 116p medium-term target of Mike Allen at Zeus Capital. Needless to say, on a bid-offer spread of 70p to 73p, and offering a further 23 per cent potential upside, I rate Cambria's shares a buy.

Should perform well into 2016, with new car registrations tipped still to perform well.

2016 share tips the Guardian -

David Hellier

Shares in Cambria Automobiles, the motor dealership, have been climbing steadily of late and currently stand at an all-time high of 80p, up 70% over the 2015. There is reason to think they have much further to go. Annual profits came in 43% ahead of the previous year and above expectations at £7.7m.

Such is the momentum in the business that Zeus Capital, the group’s joint brokers, are upping their earnings forecasts for 2016 and 2017 by 4%. The dealership is favoured by Aston Martin and Land Rover, and the group has a history of buying underperforming dealerships and turning them around.

Thanks for the heads up D/C with this one, a cracking chart.

Good news about the record car sales expected to go on through 2016.

Nice chart DC - do you know if their trading update is imminent?

It has been mid January for the last 2 years.

Spot on skinny, sorry for the delay watching judge Rinder.


The Company also gives notice that the Annual General Meeting of the Company will be held at 10am on 14 January 2016

Thanks - I couldn't find it after a cursory glance at their website.

I had to dig deep. :-))

Acquisition and Disposal
RNS
RNS Number : 3697L
Cambria Automobiles Plc
11 January 2016

11 January 2016



Cambria Automobiles plc

("Cambria" or the "Group")

AIM: CAMB



Acquisition and Disposal



Acquisition

Cambria, the franchised motor retailer, is pleased to announce that on 8 January 2016 it completed the acquisition of the trade and assets of the Land Rover franchise in Welwyn Garden City, Hertfordshire from Jardine Motors Group, for a total cash consideration of £10.8 million. This dealership is located approximately two miles from the Group's Jaguar and Aston Martin franchises on Great North Road, Welwyn Garden City. The Group now operates 3 Land Rover dealerships under the Grange trading name.



The consideration for the acquisition comprises £10 million of goodwill, £0.1 million for fixed assets, with the remaining £0.7 million for used vehicles, parts stock and apportionments. The acquisition is being funded from the Group's newly refinanced banking facilities.



The acquired dealerships' management accounts for the year ended 31 December 2015 show unaudited revenue of £54 million and Cambria estimates the profit before tax for the same period was £2.5 million. It is anticipated that this acquisition will be immediately earnings enhancing for the Group in the second half of the financial year to 31 August 2016.



Disposal

The Group also announces that it has signed Heads of Terms to dispose of its Grange Jaguar franchise in Exeter to Helston Garages Limited. The consideration for the disposal is expected to be in the region of £1.3 million (subject to final adjustment and preparation of completion accounts) and includes £1.2 million for Goodwill. It is anticipated that this deal will complete in the coming few weeks and further announcements will be made at the appropriate time.



The Group is simultaneously closing its Aston Martin boutique which is located in the same premises, to facilitate the transaction. The closure of the Aston Martin boutique in Exeter is in line with the Aston Martin franchise network restructuring strategy, and the Group continues to work closely with Aston Martin to enhance its partnership with the brand, as a result of which the Group anticipates adding another Aston Martin franchise to the Group's portfolio in the short to medium term. The combined Jaguar and Aston Martin Franchises at the Exeter dealership had revenue of £20 million and made a positive net profit contribution to the Group of £0.5 million in the 2015 financial year.



Both the Acquisition and Disposal of the businesses above are in line with the Jaguar Land Rover strategy that both the Jaguar and Land Rover brands are to be represented by the same dealer in a given franchise territory. The Group continues to work with Jaguar Land Rover to develop its Brand Partnership.



Following these transactions, the Group will operate a total of 29 dealerships representing 44 franchises and 17 brands across the UK.



Mark Lavery, Chief Executive Officer of Cambria, said:



"We are pleased to have acquired this Land Rover franchise in Welwyn Garden City, which complements the Group's Jaguar and Aston Martin site nearby. The acquisition represents further delivery of our strategy to develop our portfolio of premium and high luxury franchises, while acquiring immediately earnings enhancing businesses.



"The disposal of our Jaguar franchise in Exeter is in line with the Group's reorganisation to ensure compliance with Jaguar Land Rover's network strategy. The closure of our Aston Martin boutique is in line with Aston Martin's network restructuring and we remain excited about the potential to continue to develop our partnership with Aston Martin in the short to medium term."

.

A broker update would of been handy today, may be in the morning.

ST of IC - So although the shares are closing in on my 90p target price, there should be more fuel left in the tank to drive this upgrade cycle further. Indeed, Matthew McEachran at broking house N+1 Singer raised his fair value estimate from 86p to 95p post news of yesterday's acquisition, and Mike Allen at Zeus Capital has a new 130p medium-term target.

Needless to say, on a bid-offer spread of 85p to 87p, valuing Cambria's equity at £87m, and offering 10 per cent potential upside to my new target price of 95p, I rate Cambria shares a buy.

AGM Trading Update

Prior to the Annual General Meeting being held today at 10.00am, the Board of Cambria is pleased to announce the following trading update.

The Group is successfully maintaining the momentum achieved in the last financial year and the trading performance in the first four months of the current financial year has been substantially ahead of the corresponding period in 2014/15. This performance has been achieved in a record new car market with 2015 delivering UK new car registrations of 2,633,503. The market has seen year-on-year growth in registrations in all but one of the last 46 months, although the rate of growth is slowing as the comparatives toughen.

Trading in the first four months of the financial year has been substantially ahead of the corresponding period in 2014/15 on both a total and a like-for-like basis.

New vehicle unit sales were up 4.0% (like-for-like down 1.2%), with gross profit per retail unit improving. Used vehicle sales also performed well, with unit sales 4.7% (like-for-like 2.9%) ahead of the same period in the prior year and gross profit per unit continuing to increase. This performance has significantly enhanced the profit derived from the used car segment of the business. Growth in the Group's aftersales operations has also continued, with profitability up by 3.1% (like-for-like in line) year-on-year.

The Swindon Land Rover business that was acquired on 30 April 2015 has continued to perform in line with expectations. This acquisition added the second Land Rover dealership to the Group, and the Board remains confident about its potential.

On 8 January 2016, the Board was pleased to announce the acquisition of its third Land Rover dealership in Welwyn Garden City. This business will be immediately earnings enhancing in the second half of the 2015/16 financial year.

The Board expects Cambria's Interim Results for the six months to 28 February 2016 to be significantly ahead of the corresponding period of 2014/15 and views the outlook for the remainder of the financial year with confidence. In this regard, the Group's trading performance is tracking in line with the recently revised market expectations for the full year.

-Ends-

Trading update and notice of interim results

Cambria, the franchised motor retailer, announces the following trading update for the period to 29 February 2016 ahead of its interim results.

Trading update

Trading in the first five months of the financial year has been substantially ahead of the corresponding period in 2014/15 on both a total and like-for-like basis.

New vehicle unit sales were up 3.8% (like-for-like down 1.2%) and gross profit per retail unit continued to improve year on year. Used vehicle sales also performed well, with unit sales 4.3% (like-for-like 2.3%) ahead of the same period in the prior year. Gross profit per unit continued to increase and this performance further enhances the profit derived from the used car segment of the business. Growth in the Group's aftersales operations has also continued, with profitability up by 4.1% year-on-year (like-for like flat).

The Swindon Land Rover business that was acquired on 30 April 2015 has continued to perform in line with expectations and the Group's Welwyn Garden City Land Rover dealership, which was acquired on 8 January 2016, is integrating to plan. This business, which is the Group's third Land Rover dealership, will be earnings enhancing in the second half of the 2015/16 financial year.

After the first week of the important March trading period, the new car order book is building well and the Board expects the Group to deliver another strong trading performance in this crucial month. The Board continues to look to the future with confidence.

Notice of results

Cambria will announce its interim results for the six months ended 29 February 2016 on Tuesday 10 May 2016.

-Ends-

Cheers skinny.

ST of IC today - In my book, Cambria’s shares are still worth buying on a bid-offer spread of 80p to 83p and I am comfortable with my 95p target price.

Unaudited Interim Results 2016

Cambria Automobiles plc (AIM: CAMB), the franchised motor retailer, is pleased to announce its unaudited interim results for the six months ended 29 February 2016, which again show revenue and profits substantially ahead of the comparable period in the prior year, and continued delivery of the Group's strategy.

Financial highlights:

· Revenue increased by 14.7% to £278.4m (H1 2015: £242.8m)
· Underlying Profit before tax up 40.1% at £4.6m (H1 2015: £3.3m)
· Underlying Earnings per share increased 42.5% to 3.69p (H1 2015: 2.59p)
· Underlying net profit margin up 22.8% to 1.67% (H1 2015: 1.36%)
· Positive operational cash flows maintained, with a cash position of £25.3m (H1 2015: £13.0m) and net cash of £0.3m (H1 2015 net debt: £0.9m)
· Strong balance sheet with net assets of £37.6m (H1 2015: £30.4m)
· Rolling twelve month Return on Equity* of 21.15% (H1 2015: 18.65%)
· Interim dividend increased by 33.3% to 0.2p (H1 2015: 0.15p)
· New £37.0m, 5 year banking facilities arranged providing additional funding capacity for growth

Operational highlights:

· New vehicle sales up 5.1% with a 15.4% increase in profit per unit
· Used vehicle sales up 4.4% with a 9.7% improvement in profit per unit and evolution of the Group's focus on return on investment
· Aftersales revenue increased by 8.6% with gross profit improvement of 5.8%
· Acquisition of Welwyn Garden City Land Rover for £10.8m, integration progressing well
· Disposal of Exeter Jaguar in line with strategy of the Group and Jaguar Land Rover
· Swindon Land Rover acquisition delivered a positive profit contribution in line with expectations

Post Period End:
· Opened third Aston Martin business, in Birmingham
· Disposal of Croydon Jaguar in line with the strategy of the Group and Jaguar Land Rover
· Trading in the key plate change month of March was strong, ahead of plan and substantially ahead of previous year

* underlying profit after tax as a proportion of Average Shareholder's funds

Cheers skinny. :-))


ST of IC today - I feel that my 95p target price is not unreasonable. It’s in line with N+1 Singer's target, but on a deep discount to Zeus Capital’s valuation range (117p on a discounted cash flow basis to a blue sky valuation of 158p).

On a bid-offer spread of 75p to 78p, valuing the company’s equity at £78m, I rate Cambria’s shares a buy

By Motley Fool | Tue, 10th May 2016 - 11:21

Shares in car dealership Cambria Automobiles (LSE:CAMB) surged more than 7% higher this morning, after the company published an impressive set of interim results and said that full-year profits will be ahead of market expectations.

Cambria's underlying pre-tax profit rocketed 40.1% higher to £4.6m during the first half of the year, thanks to a 14.7% rise in sales and to big increases in profit margins on new and used cars.

On the face of it, Cambria shares look cheap. Before today's results, earnings per share were expected to rise by 30% to 7.9p this year. This figure is now likely to be upgraded -- I'd estimate that perhaps 8.5p per share is likely. This puts Cambria on a modest forecast P/E of about 8.8.

However, you need to remember that Cambria is a cyclical stock. New car sales have been fuelled by very cheap credit and may now be close to a cyclical peak. Although this is a risk, to some extent it's offset by Cambria's strong aftersales business. Servicing and repairs carry a much higher profit margin than car sales, and generated 40% of the group's gross profit during the first half.

Overall, I think it's probably too soon to sell Cambria. Further gains are possible.

Director was quick to buy just after results announcement ..........

Director Deals - Cambria Automobiles PLC (CAMB)

Philip Swatman, Chairman, bought 10,000 shares in the company on the 10th May 2016 at a price of 75.00p. The Director now holds 260,000 shares.

Director Dealing

RNS


RNS Number : 1981B

Cambria Automobiles Plc

14 June 2016






14 June 2016



Cambria Automobiles plc

("Cambria" or the "Group")

AIM: CAMB



Director Dealing



The Group was informed today that Raigerfield Capital Limited, a family company controlled by Philip Swatman (Chairman) and his wife Rosemary Swatman, has today acquired a total of 15,000 ordinary shares of 10p each in the Group ("Ordinary Shares") at a price of 69 pence per Ordinary Share.



Following the acquisition, Philip Swatman and persons related to him are now beneficially interested in 275,000 Ordinary Shares representing 0.28% of the issued share capital and total voting rights of the Group.

Acquisition and Trading Update

RNS


RNS Number : 3335D

Cambria Automobiles Plc

06 July 2016




6 July 2016



Cambria Automobiles plc

("Cambria" or the "Group")

AIM: CAMB



Acquisition and Trading Update



Acquisition



Cambria, the franchised motor retailer, is pleased to announce that on 5 July 2016 it completed the acquisition of the trade and assets of the Jaguar and Land Rover franchise in South Woodford, North London from Pendragon Premier Limited, a subsidiary of Pendragon PLC, for a total cash consideration of £2.1 million. This business has a sales facility in South Woodford and an Aftersales facility in Hainault, Essex operating from leasehold premises. The territory has great potential for the Jaguar and Land Rover franchises and complements the Group's existing Jaguar and Land Rover footprint. The Group now operates 5 Jaguar and 4 Land Rover dealerships under the Grange trading name.



The consideration for the acquisition comprises £2.0 million of goodwill, £0.1 million for fixed assets, £0.1m for used vehicle stock, £0.2 million for parts stock with the remaining £0.3 million deduction in consideration for customer deposits transferred and apportionments. The acquisition is being funded from the Group's existing facilities.



The acquired dealerships' unaudited management accounts for Jaguar and Land Rover for the year ended 31 December 2015 show revenue of £44.4 million and Cambria estimates the adjusted profit before tax for the same period to be £0.7 million. It is anticipated that this acquisition will be earnings neutral for the Group in the remainder of the financial year to 31 August 2016, and will be earnings enhancing in the financial year to 31 August 2017.



Cambria has committed to Jaguar Land Rover that it will relocate the business to a new dealership facility that will be compliant with the JLR Arch Corporate Identity Concept. The lease on the current showroom facility has nine years remaining and therefore it will be necessary to sublet the facility for approximately six years while Cambria is not in occupation. The property advice received during diligence states that the passing rent on the showroom lease is over-rented when compared against the market rent and the Directors have therefore made a fair value assessment of the lease liability amounting to £1.0 million. This will be accounted for as an addition to the overall goodwill attributable to the transaction for the purposes of the Group's statutory accounts to 31 August 2016.



Following this transaction, the Group operates a total of 31 dealerships representing 46 franchises and 17 brands across the UK.



Trading Update



The Group continues to trade well and the strong trading performance reported to March has continued through to the end of June which leaves the Group significantly ahead of the prior year and trading in line with current market expectations for the year to 31 August 2016.



Mark Lavery, Chief Executive Officer of Cambria, said:



"We are pleased to have acquired this Jaguar and Land Rover franchise in North London, which complements and enhances the Group's existing Jaguar Land Rover businesses. The acquisition represents continued delivery of the strategy to develop our portfolio of premium and high luxury franchises in strategic locations by acquiring businesses that are earnings enhancing. The Board believes that the South Woodford territory provides significant potential and we are keen to maximise the opportunity as we build and relocate to a new dealership facility."

Pre-Close Trading Update

RNS


RNS Number : 8867I

Cambria Automobiles Plc

05 September 2016




5 September 2016



Cambria Automobiles plc

("Cambria" or the "Group")

AIM: CAMB



Pre-Close Trading Update, Board Appointment and Notice of Results



Cambria, the franchised motor retailer, announces the following trading update ahead of its preliminary results for the year to 31 August 2016.



Trading update



The Board is pleased to report that trading in the second half of the financial year continued strongly following a good first half. Trading in the first 11 months of the financial year was substantially ahead of the corresponding period in 2014/15 on both a total and like-for-like basis. The Board is confident of delivering results for the full year in line with the revised market expectations.



New vehicle unit sales were up 11.0% (like-for-like up 3.8%), with gross profit per retail unit increasing year on year in the total Group and in the like-for-like businesses.



Used vehicle sales also performed well, with unit sales 4.4% (like-for-like 2.6%) ahead of the same period in the prior year. Gross profit per unit continued to increase year on year and this improved performance has driven profit growth from the used car segment of the business. The Group's aftersales operations also continued to perform well, with profitability up by 3.7% year-on-year (like-for-like flat).



The Swindon Land Rover business that was acquired on 30 April 2015 has continued to perform in line with expectations and the Group's Welwyn Garden City Land Rover dealership, which was acquired on 8 January 2016, is integrating to plan. The Woodford Jaguar and Land Rover business acquired on 5 July 2016 is being integrated into the Group and the Board is confident that this will prove to be a successful acquisition with a positive contribution expected in the 2016/17 financial year. The Group's newly opened and third Aston Martin dealership located in Solihull is now fully operational and a forward order bank is building.



Heading into the important September trading period, the new car order book for the Group is building well and in line with our expectations. The Board expects the Group to deliver another strong trading performance in this crucial month.



Board Appointment



The Board is pleased to announce that with effect from 5 September 2016, Tim Duckers has joined the Board of Directors in an executive capacity as Managing Director of the motor division. Tim has over 20 years of Motor Retail operating experience, has been with the group since 2008 and has been integral to the group's growth over that period.



Notice of results



Cambria will announce its Preliminary results for the year ended 31 August 2016 on Tuesday 22 November 2016.



Mark Lavery, Chief Executive Officer of Cambria, said:



"The Group has performed well during the course of the financial year, delivering growth in the operating business and adding on earnings accretive acquisitions. The mix of franchises has been enriched in line with our growth strategy and the business is well placed to build on the momentum generated this year. The September order bank is building well and this puts us in a strong position heading into the important plate change month.



I am very pleased that Tim has accepted our offer for him to join the Board of Directors and look forward to him supporting myself and the team as we continue to grow the Group further along the next exciting phase of its development."



Enquiries:




Cambria Automobiles

Mark Lavery, Chief Executive

James Mullins, Finance Director

www.cambriaautomobilesplc.com



Tel: 01707 280 851


N+1 Singer - Nomad & Joint Broker

Alex Price / Jen Boorer



Tel: 020 7496 3000


Zeus Capital - Joint Broker

Adam Pollock



Tel: 020 7533 7727


FTI Consulting

Jonathon Brill / Alex Beagley / James Styles



Tel: 020 3727 1000


About Cambria - www.cambriaautomobilesplc.com



Cambria Automobiles ("Cambria") was established in March 2006 with the aim of creating a balanced independent UK motor retail group through a self-funded "buy and build" strategy, focused on turnaround opportunities.



Working in close cooperation with its manufacturer partners, the Group has built a balanced portfolio of 31 luxury, premium and volume dealerships, representing 46 franchises and 17 brands, with geographical representation spanning from the North West to the South East in Kent. These businesses are autonomous and trade under local brand names, including Dees, Doves, Grange, Invicta, Motorparks and Pure Triumph.



Cambria's brand portfolio currently comprises Abarth, Alfa Romeo, Aston Martin, Dacia, Ford, Fiat, Honda, Jaguar, Jeep, Land Rover, Mazda, Nissan, Renault, Seat, Triumph, Vauxhall and Volvo.



The management's success in turning around under-performing dealerships has allowed Cambria to build a strong balance sheet. As a result, the Group is in a position to acquire valuable premium operations, like the recently acquired Jaguar Land Rover business in North London, Land Rover dealership in Welwyn Garden City, Jaguar Land Rover business in Barnet and Land Rover business in Swindon, which are immediately earnings enhancing and directly in line with the Group's strategy to further enhance the brand portfolio.



The Group's medium term ambition is to create a £1 billion turnover business producing attractive returns on shareholder funds.

ST of IC today - So, ahead of Cambria’s full-year results on Tuesday, 22 November, and with 32 per cent upside to my target price of 95p, I rate the shares a buy at 72p.

AUDITED PRELIMINARY RESULTS 2015/16 AND NOTICE OF AGM

Strong results in Group's 10th year of trading, continued strategic progress


Operational Highlights

· New vehicle sales up 9.9% with a 13.2% increase in profit per unit
· Used vehicle sales up 5.2% with an 8.1% improvement in profit per unit and continued evolution of the Group's focus on "Velocity" to drive return on investment
· Aftersales Revenue increased 8.1% with an increase of 3.7% in service and bodyshop hours sold
· In line with the strategy of the Group and of Jaguar Land Rover:
§ Acquisition of Welwyn Garden City Land Rover for £10.8m, integration progressing well
§ Disposal of Exeter Jaguar and Croydon Jaguar
§ Acquisition of Woodford Jaguar and Land Rover dealership for £2.1m, integration progressing well

· Opening of third Aston Martin business in Birmingham and closure of Exeter Aston Martin in line with the Aston Martin global second century network restructure
· Continuing investment in the Freehold portfolio; to meet the franchising standards of the brand partners and maximise operational potential and increase used car and aftersales capacity
· Barnet Jaguar Land Rover development progressing well, other Brand led corporate identity developments initiated