Inchcape
NO RECOMMENDATIONShares in the refocused car dealership gained 16.5p to 515p in early trading as analysts upgraded forecasts on a strong recovery in interim profits to 30 June. Pre-tax profits jumped from £29.9m to £43.6m on sales of £1,755.4m, reflecting a strong recovery in the UK market following last year's enquiry into new car prices. Within the specialist retail division, directors said the group's partnerships with the likes of BMW, Toyota, Lexus, Jaguar and Land Rover drove outstanding earnings growth. The board also admitted that a number of potential acquisition targets had been identified which it hopes to conclude in the near future. Inchcape also enjoyed a solid contribution from the Far East prompted by a buoyant Hong Kong taxi market. The group finished off the half-year with £85m net cash and plans to step up its UK investment programme by growing its UK dealership arm and business services division. For the current year to December, Old Mutual Securities upgraded its profit forecast from £87m to £94m, which would give an earnings per share figure of 73.5p, putting it on a lowly p/e of 7 at 515p.
Market cap: £386m
PE Forecast: 7
Share price: 499p
Subscribe today
£7,277 That’s what you would have in your portfolio if you had invested £6,000 into the six Company Watch recommendations in our April 2009 issue.
Advertisement
AIM in Review 2010
Growth Company Investor, in association with the London Stock Exchange, presents the most wide-ranging and detailed examination of the AIM market: AIM in Review 2010. For more information and to order, click here or contact our marketing team on 020 7250 7056.
M&A on AIM 2009 - Which are the most active sectors for M&A? Which are the most active brokers to follow?
M&A on AIM 2009 is a unique and wide-ranging examination of merger and acquisition activity on AIM over the past 12 months, with an analysis of all the acquisitions, disposals, takeovers and delistings on AIM, including
canvassing the opinions of some of the major M&A powerbrokers. To order click here.
Free – Latest Stock Recommendations
Free access to the latest AIM stock recommendations and news from the award-winning Growth Company Investor team. Receive our tips on what stocks to buy direct to your inbox every Tuesday and Friday. Find out more today.
Select your level of risk and we select the funds
Cautious? Positive? Adventurous? Choose between three levels of risk for a fund of funds from Sharefunds, our sister company. Click here for more information.
The AIM Guide 2009/10
The brand new, fully updated AIM Guide 2009/2010 is now available to purchase. AIM Guide is the only fully comprehensive guide to AIM and is regarded as 'must-have' for any serious investor or professional interested in the market for young, fast-growing companies. Order your copy today and benefit from a £10 discount!
VCT Special Report 2009
This report's principal aim is to provide business owners seeking funding with information about the amount of funds that VCTs have to invest. Click here for more information.
Cash Shells Special Report 2009
Business XL, the award-winning monthly magazine for growing companies, is delighted to announce the launch of a new study on cash shells. The research provides a comprehensive overview of cash shells on AIM, companies that have become a significant feature on the AIM landscape. Buy the Cash Shells 2009 Research Report today or email Halid Delkic to obtain a free two-page abstract.
Share recommendations and small-cap stock picks
Small-cap and growth company share recommendations on AIM- and PLUS-listed companies. Latest analysts' stock tips and advice on which are the best shares to buy on London's junior stock markets.
Popular Recommendations
Advertisement
Latest Recommendations
Daniel Stewart Securities 10/03/2010
Smaller company broker Daniel Stewart has raised £600,000 from staff and is looking for deals to raise its game.
Petra exploits its Heritage 10/03/2010
The diamond mining game is a law unto itself, and no-one knows this better than Adonis Pouroulis, executive chairman of Petra Diamonds.
Positive margin signs at SciSys 10/03/2010
Technology group SciSys has been turned around under the leadership of chairman Mike Love and is seeing a flurry of exciting, long-term contracts coming its way, thereby improving its visibility of earnings.
Sectors
