Lookers will release interim results next Wednesday (12 Aug). These could surprise to the upside and our analysis suggests consensus forecasts are overly cautious given favourable organic growth prospects and accretive acquisition opportunities. The £4m (+6%) YoY PBT growth assumed by the market for the full year to Dec’15 is broadly what we forecast in H1. In fact, our analysis reveals a bull case scenario where H1 profits could increase by c£7-8m. Recent industry data and peer group results le ....
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Preview – buy Lookers ahead of interims on 12 August
- Published:
05 Aug 2015 -
Author:
Matthew McEachran -
Pages:
4
Lookers will release interim results next Wednesday (12 Aug). These could surprise to the upside and our analysis suggests consensus forecasts are overly cautious given favourable organic growth prospects and accretive acquisition opportunities. The £4m (+6%) YoY PBT growth assumed by the market for the full year to Dec’15 is broadly what we forecast in H1. In fact, our analysis reveals a bull case scenario where H1 profits could increase by c£7-8m. Recent industry data and peer group results le ....