RUMOURS RIFE OF SECTOR CONSOLIDATION.AM VERYVERYVERYVERY LONG!!!!!!!!!!

Directors have bought 1% according to RNS.

Hi gf..

RAY has doubled today amazing.

http://www.fleetnews.co.uk/news/story/BUDGET-2009-Scrappage-scheme-includes-vans/49921

On a run up, keep your eyes on it.

i haven't seen a 'classic' breakaway gap followed by a 'halfway gap' for a long time.
i'm keeping my eyes on it gf. thanks for bringing it to my attention.
regards
jkd

Business Financial Newswire
"Motor retailer, Lookers confirms that it is trading ahead of budget and that it is currently highly cash generative.

At the end of last month the Group said that the first quarter performance was ahead of expectations, and ahead of the first quarter of last year.

The Company says that this encouraging perforamnce has been maintained in recent weeks reflecting continued strong performance in used car sales and further growth from Lookers' aftersales and after market parts distribution businesses.

Ken Surgenor, Chief Executive, confirms: "Our diversified business model and market-leading aftersales offering coupled with the cost savings we are realising is enabling us to trade resiliently through a tough market."

Teh Group says it is in advanced discusions regarding new funding arrangements and adds that it is considering alternative sources of capital in order to minimise the addtional cost of bank borrowings. "

Now that the £2k scrap deal has kicked in, I would expect this to impact well for this company.

Lookers plc - 3 July 2009
Publication of Prospectus and Expected Timetable

Further to the Company's announcement on 26 June 2009 in relation to a share issue to raise gross proceeds of GBP80.7 million (approximately GBP76.5 million net of expenses) through the issue of 201,856,192 New Ordinary Shares by way of a Firm Placing and Placing and Open Offer at a price of 40 pence per New Ordinary Share, the Company announces that a prospectus relating to the Firm Placing and Placing and Open Offer (the 'Prospectus') was approved by the UK Listing Authority (the 'UKLA') earlier today.

The Prospectus will be posted to Shareholders today, and copies of the Prospectus, which includes a notice convening a general meeting of the Company to be held at the office of Mayer Brown International LLP, 201 Bishopsgate, London EC2M 3AF at 10.30 a.m. on 22 July 2009, will shortly be available for inspection at the UKLA's Document Viewing Facility, which is situated at Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS.

In addition, the Prospectus will shortly be available to view on the Company's website (www.lookers.co.uk) and will be available for inspection at the office of Mayer Brown International LLP, 201 Bishopsgate, London EC2M 3AF"

"Lookers declares interim results on the 19th and broker Panmure Gordon is expecting a strong set of figures, with adjusted profit before tax predicted to rise to 15.9m from 15.3m in the first half of last year, despite a projected 8% decline in revenue to 956.1m.

In terms of cash generation/balance sheet, we would expect debt reduction to be on track to hit our 60.2m post placing net debt estimate, implying gearing levels of 52% and a healthy net debt/EBITDA of 1.3x. As long as its key covenant of net debt/EBITDA is kept below 2x, Lookers should benefit from annualised interest charge savings of 7m as indicating in its fund raising documents, the broker stated.

Broker KBC Peel Hunt is going for pre-tax profit of 16.1m, equating to earnings per share of 6.2p. The broker believes that the strength of current trading will have more influence on broker estimates than the first half numbers."

Problem to determine whether sp already has the good figures built in, which would mean a drop if they are below expectations.

Recovery share for 2010, worth a LOOK!

RNS full year results to exceed market expectations.

3 Brokers below have put out BUY notes over the last few days. Not sure what they contained. (hemscott premium)

Lookers PLC

FORECASTS
2010 2011

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Panmure Gordon
25-03-10 BUY 30.50 5.58 1.80 32.50 5.95 2.05

Numis Securities Ltd
24-03-10 BUY 31.00 5.50 1.80 32.90 5.90 1.90

KBC Peel Hunt Ltd
24-03-10 BUY 31.87 5.79 1.95 35.79 6.50 2.24

Brewin Dolphin Investment Banking
23-03-10 ADD 31.10 5.80 1.80 34.20 6.40 2.00

Positive Broker forecast out today.....

Lookers Consumer, Cyclical Buy 75 56.25 33.3% Numis Securities Ltd

75p target 33.3% upside.

Ex-divi next wed 24th Apr (1.55p)

Half Yearly Report

Financial highlights
· Revenue increased to £1.24 billion (2012: £1.03 billion) - up 20.3%
· *Adjusted profit before tax increased to £28.8 million (2012: £24.1 million) - up 19.5%
· Profit before tax increased to £28.0 million (2012: £23.3 million) - up 20.2%
· Earnings per share increased to 5.52p (2012: 4.55p) - up 21.3%
· Strong cash flow from operations of £42.4 million (2012: £32.6 million)
· Net debt reduced to £39.1 million (31 December 2012: £48.2 million)
· Gearing reduced to 18% (31 December 2012: 22%)
· Increase in interim dividend of 10% to 0.88p per share (2012: 0.80p)

Operational highlights
· Record performance from the motor division
· Growth in new retail car volumes ahead of the market with increased margins
· Further strong growth in used car volumes and margins
· Revenue maintained in aftersales
· Good recovery in our market leading independent aftermarket parts division

Time to look at some car sales type companies I think for this year, anyone traded this one over the last year at all?

No Stan, also have a look at (CAMB)

Thanks, what a great chart on CAMB.

They have a history of buying outfits and making them perform well. Perhaps more to come. :-))

Annual Results
RNS
RNS Number : 4725R
Lookers PLC
09 March 2016

















9 March 2016

LOOKERS plc



Annual Results for the year ended 31 December 2015

RECORD RESULTS AND STRONGLY POSITIONED FOR FURTHER GROWTH



Lookers plc, ("Lookers", "the company" or "the group"), one of the leading UK motor retail and aftersales service groups, announces its annual results for the year ended 31 December 2015.



Seventh successive year of profit growth:

· Revenue increased 20% to £3.65 billion (2014: £3.04 billion)

· *Operating profit increased 12% to £85.9 million (2014: £76.6 million)

· *Adjusted profit before tax increased 11% to £72.1 million (2014: £65.0 million)

· Profit before tax increased by 6% to £62.8 million (2014: £59.2 million)

· Earnings per share up 7.1% at 12.88p (2014: 12.03p)

· *Adjusted earnings per share up 12.7% at 15.24p (2014: 13.52p)

· Proposed final dividend of 2.05p per share - total dividend per share up 10% at 3.12p (2014: 2.84p)

· Banking facilities renewed and extended, providing committed and secured funding until 2020

· Major acquisition of Benfield Motor Group



(*Adjusted operating profit is operating profit before amortisation and impairment of intangibles, exceptional items and share based payments. Adjusted profit is profit before amortisation and impairment of intangible assets, debt issue costs, pension costs, exceptional items and share based payments)



Resilient and expansive business model:

· Record performance from the motor and parts divisions

- *Adjusted profit before tax up 11% to £72.1 million (2014: £65.0 million). Further growth in new and used car volumes and margins Revenue and margin improved in aftersales

· Good progress from our market leading independent aftermarket parts division

- Profit before tax up 3.1% to £12.6 million (2014:12.2 million)

· Good contribution from acquisitions and successful integration of the Benfield business

· Investment in our website delivers further increases in enquiries





Andy Bruce, Chief Executive of Lookers, said:



"We have delivered another strong trading performance in 2015, our seventh consecutive year of increased profits, which provides further evidence that our business model is both resilient and expansive through the cycle. Our motor division and our parts divisions also produced excellent results, showing the diversity and strength of our operations.



Our strategy is to: have the right brands, the right locations and excellent execution. By implementing this, we are ideally placed to take advantage of growth prospects across all areas of the business as well as consolidation opportunities in the sector, not least because businesses of scale will be the winners in our sector. This gives us confidence that we will deliver another improved performance in 2016."