Lookers
NO RECOMMENDATIONCar dealership firm Lookers' reckons that the sector is set for quite a bit more consolidation over the next few years. Chairman Fred Maguire opines that 'six majors will dominate the market' within five years. At the moment, there are three large players, with around a dozen smaller pretenders, one of which is Lookers. Maguire says that he is looking at making a merger 'within three to five years' with a company of a similar size (turnover of around £800m). About the existing business, Maguire bullishly proclaims Lookers' 'flexibility' and focus on customer service. Results haven't been bad either, with pre-tax profits rising 55% to £10.1m last year, on turnover up 23% to £718m. So far this year, sales are up 30%, compared to market growth of 7%. Analysts expect between £11.7m and £12.7m of pre-tax profits, for earnings per share of 21p to 25p. Still good value, despite a stunning share price performance over the past few years.
Market cap: £64.4m
PE Forecast: 8.3
Share price: 190p
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
European Goldfields 18/03/2010
European Goldfields hopes to move from AIM to the Full List by the end of 2010 after securing a key permit in Romania.
StatPro 17/03/2010
Revenue visibility at StatPro, the Wimbledon-based provider of analytics and data to asset managers across Europe, South Africa and North America, continues to improve.
Altona Energy 17/03/2010
Altona Energy is seeking approval from Australia's Foreign Investment Review Board for its multi-billion dollar coal-to-liquids project in South Australia's Arckaringa Basin.
Sectors
