image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Our latest issue will be released in 11 days, don't miss out!

Motor Dealers rise ahead of changes to block exemption

September 2003

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.

Traditionally, car retailers have been the Cinderella's of the StockMarket, with their PE ratings rarely nudging past 10 because of well-founded fears that manufacturers could take their franchises away at a moment's notice.  But those ratings now look set to break into higher ground because of fundamental changes, starting this October,  to the European Union's "Block Exemption," which has historically allowed manufacturers to retain these draconian powers which we explained in depth back in our March 2002 issue.  These changes will strengthen the dealers' rights by ordering standard five-year fixed or two-year rolling contracts. For the latter, the manufacturer will have to provide an objective and transparent reason for ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

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

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe