Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on CAMBRIA AUTOMOBILES PLC. We currently have 52 research reports from 3 professional analysts.
|07Feb17 07:00||RNS||Holding(s) in Company|
|07Feb17 07:00||RNS||Board Appointments|
|04Jan17 13:06||RNS||Result of AGM|
|04Jan17 07:00||RNS||AGM Trading Update|
|19Dec16 16:51||RNS||PDMR dealing|
|13Dec16 07:00||RNS||Posting of Annual Report and Financial Statements|
|22Nov16 07:00||RNS||PRELIMINARY RESULTS|
Frequency of research reports
Research reports on
CAMBRIA AUTOMOBILES PLC
CAMBRIA AUTOMOBILES PLC
N+1 Singer - Cambria Automobiles - Board strengthened by appointment of 2 new NEDs
07 Feb 17
Cambria has announced the appointment of 2 new NEDs in a move that significantly strengthens its board composition. Paul McGill has 30 years experience in the industry, including Head of Projects at Lloyds Banking Group, where he was responsible for promoting Black Horse Consumer Finance, Head of Motor Finance (South) at Black Horse, and Head of Distribution at Bank of Scotland Dealer Finance. William Charnley is a partner at King & Spalding International in the corporate practice. He has 20 years experience in public and private M&A, disposals, IPOs (including CAMB), private equity transactions and general corporate and securities advice. He has also served as a NED at CD Bramall and Lookers. These new appointments ought to be well received as they bring a vast amount of experience, knowledge and expertise in the motor retail industry which will complement the strengths of the executive management team. The stock trades on a cal17 P/E of just 7.5x, or 5.6x EV/EBITDA.
N+1 Singer - Morning Song 07-02-2017
07 Feb 17
Amino Technologies (AMO LN) Strong results drive further upgrades | Cambria Automobiles (CAMB LN) Board strengthened by appointment of 2 new NEDs | Mattioli Woods (MTW LN) Interims in line, strong revenue growth, acquisition of stake in Amati | Oxford Metrics - OMG (OMG LN) Introducing…Alloy | Speedy Hire (SDY LN) Trading update highlights further progress | UDG Healthcare (UDG LN) Strong Q1 update | Walker Greenbank (WGB LN) Underlying performance and growth starting to reveal themselves
SMMT 2016 data
05 Jan 17
The SMMT (Society of Motor Manufacturers and Traders) has released data this morning confirming a record new car market of 2.69m registrations and +2.3% YOY. This is the fifth year in a row of growing new car registrations. Headline December registrations were -1.1% with private registrations -5.5% completing a third quarter in succession of negative growth in this segment. Fleet continues to drive the growth in this market and was +4.8% YOY representing 51.3% of registrations vs. 50.0% last year. The key question is what will happen in 2017 post Brexit with uncertainty levels still high. We maintain our cautious stance and downgraded our EPS forecasts by 8-15% across the sector in November accordingly. That said, we believe the earnings risk has been accounted for in trough valuation multiples based on cautious forecast assumptions (we assume a 10% drop in new car registrations vs. the SMMT at -5%). We continue to favor stocks with flexible balance sheets at this stage of the cycle, and believe stocks such as Vertu and Cambria remain significantly underpinned by their growing property portfolios.
N+1 Singer - Cambria Automobiles - Positive Q1 trading and JLR developments on track
04 Jan 17
Alongside its AGM Cambria has released a positive Q1 trading update with continued strong volume and margin performance in Used more than offsetting tougher conditions in New, which were factored into forecasts in November (prelims). Performance in Aftersales has been affected short term by a fire in its Welwyn Garden City workshop but, with full insurance in place, the shortfall should be met by an insurance credit. Site redevelopment work is proceeding to plan, and the first of its new JLR facilities (Barnet) will be open by April. We continue to highlight the potential upside from Cambria’s targeted investment in its dealerships, especially JLR.
04 Jan 17
Cambria has released an AGM trading update, which essentially confirms that it continues to perform in line with expectations. The Group has seen margin and volume pressures in its new car business during Q1 of its financial year, which is consistent with our industry thesis pointing towards a tougher market in 2017. Its performance in used and aftersales continues to be robust and remains on track. We are maintaining our forecast assumptions on the back of this statement, and continue to believe there is significant value from here based on its current valuation, increasing asset backing as well as the progress delivered to date from its proven management team.
N+1 Singer - Cambria Automobiles - Another strong year and delivery of strategy
22 Nov 16
Results confirm another strong year, with earnings in line with expectations and stronger than expected cash generation. In line with the sector, the Group has expressed some caution over the New car segment, and we prudently reduce our PBT forecasts by 15% in FY17 and FY18. However, the Group remains well positioned to build on its solid track record of growth. Significant investment in site expansion at the recently acquired Jaguar Land Rover and Aston Martin sites (£31m over the next two years) highlights management’s confidence in Cambria’s growth prospects. We believe that the potential for the acquired businesses is significant and that revised forecasts look very well underpinned. Notwithstanding uncertainty around the UK consumer and effects of Brexit, risk over 2-3 years is potentially to the upside.
20 Feb 17
Hayward Tyler Group* (HAYT): Trading update and financial position (CORP) | Petra Diamonds (PDL): Interim results (BUY) | Gemfields* (GEM): Interim results (CORP) | Premaitha Health* (NIPT): Middle East momentum (CORP) | Sound Energy (SOU): Acquisition update and TE-8 well spud (HOLD) | Proactis* (PHD): Interim trading on track (CORP) | 7digital* (7DIG): Automotive contract win (CORP)
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
The Crown Joules
15 Feb 17
We believe that own-brand retailers that operate a balanced multi-channel proposition will be well placed to prosper in a competitive apparel market going forward. Joules is one company in particular which we believe will outperform the sector given its loyal and growing customer base, distinctive brand and strong track record of opening profitable space. We initiate coverage on the shares with a buy recommendation and price target of 249p, implying upside of 16.9% over the prevailing market price.
N+1 Singer - Carpetright - Recovery has just begun
17 Feb 17
With UK LFLs up 6.8% in Jan against tough comparatives, and Europe LFLs up 5.4% in Q3, the first clear evidence is now visible that the transformation strategy is gaining momentum. Given some uncertainties, market forecasts are yet to reflect this, but upgrades seem likely as further initiatives are rolled out. Despite a recent bounce from its all time low, the valuation is still very low on consensus assumptions, where risk now appears to be shifting to the upside. With scope for re-rating too, our 300p target price has the scope to grow to 500p over 18 months. We re-initiate with a Buy.
Panmure Morning Note 19-01-2017
19 Jan 17
Pets at Home have released a Q3 trading update this morning that will disappoint the market. Group like-for-like revenue growth was just +0.1% through 3Q16 as subdued trading across the Merchandise business weighed on continued strong growth in Veterinary Services. Profit outlook for FY17 remains in line with expectations. Suspect the shares will come under pressure.