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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Lookers - Trades at big discount to 80p-a-share of property assets / Vertu Motors - Prospective PE just 7.2 at low point in cycle

February 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • LOOK/VTU
Over-sold car dealers due a bounceHaving started editing The Momentum Investor (TMI) 20 years ago in spring 2000, I was faced with three years of falling stocks as the dot com boom unwound. There were few hiding places but one source of joy was UK car retailers, which were boosted by European Union reforms, making it harder for a manufacturer to take away a dealer’s franchise (right to sell a brand such as Mercedes Benz in a particular territory). The reforms also abolished vehicle manufacturers’ right to veto dealer-on-dealer take-overs, setting off a wave of consolidation with venerable old names sold off at handsome premiums including CD Bramall and Reg Vardy, which were gobbled up by Pendragon whil ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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