Maybe time to join the Chairman and start bailing out ?
Philip Swatman, Chairman, sold 100,000 shares in the company on the 4th January 2018 at a price of 57.00p. The Director now holds 200,000 shares.
Maybe he needed £50k + to pay for Christmas.....
Outlook for car dealers not good going into the New Year.
May be opportunity for more acquisitions ?
2017 not a good year for shareholders. Will continue to hold a few....
Good preliminary results considering the current economic environment, resulting in both new cars and used car numbers down. Therefore we do get a small dividend increase.
Among the News update, I found this statement from CEO Mark Lavery of most interest :-
Moreover, I am delighted that we have been given the opportunity to develop facilities for such prestigious brands as McLaren and Bentley in addition to our already excellent portfolio of Brand partners. This is an exciting development for the Group and we are looking forward to working with our new partners. The new bank funding also gives us the required flexibility to deliver on the strategic investments that we are making in facilities and new franchise opportunities.
Despite the CAM share price performance being disappointing again this year I continue to hold a few 'free' shares here, despite now being out of Inchcape and still watching Caffyns.
Until winning the Lottery we are still stuck with a Volvo and Ford, rather than a McLaren or Bentley. Although at one time I thought my XEL shares in Bentley would enable an upgrade.
The value of finance deals used to buy new cars has soared to a new monthly record, according to latest figures.
Motorists spent £3.6bn on car finance deals in March, a rise of 13% on the same month in 2016, the Finance and Leasing Association (FLA) said.
The vast majority of the purchases were via so-called Personal Contract Purchases (PCPs).
The Bank of England and the Financial Conduct Authority (FCA) have raised concerns about such deals.
The Bank's worry is in relation to levels of consumer borrowing.
However Adrian Dally, head of motor finance at the FLA, said lenders were behaving responsibly.
"We do not share their concerns," he told the BBC. "Lending is responsible. This is a sustainable model going forwards."
Both new and used cars can be bought on PCPs, under which buyers effectively rent a car for up to four years.
They can then pay a final lump sum or return a car at no extra cost at
Including used cars, consumers spent a record £32.5bn on car finance deals in the year to March, the FLA said.
March was a record month for car sales as a whole, as it came ahead of changes to Vehicle Excise Duty in April.
The changes particularly affected luxury cars, boosting the value of sales. Following the introduction of the changes in April, sales fell back.
the end of a contract - as long as it is within an agreed mileage and in good condition.
Consumer groups said that motorists should think carefully before committing to PCP deals.
"Today's figures are a further indication of the popularity of car finance deals," said Joanna Elson, chief executive of the Money Advice Trust - the charity that runs National Debtline.
"For many consumers this offers access to a car that would otherwise be unaffordable, however it is important that the affordability of offers is fully assessed and that consumers are clear on the terms so that they know from the outset what they are committing to, and can plan accordingly."
The FCA is investigating car finance deals. It said it was worried about a "lack of transparency, potential conflicts of interest and irresponsible lending in the motor finance industry".
But while some economists are worried about the growth in car finance deals, others say concerns are overdone.
That is largely because motorists can hand their cars back if they can no longer afford payments.
Ultimately it is the car manufacturers who carry the risk on such deals, as they guarantee second-hand values
Have spoken at length to Cambria HO directly and matters being looked at by senior operations. I specifically said that I was not happy with the choice of the named Regional Operations Manager.
IF and when there are any significant developments I will come back to advise. Having had experience of the main dealership in question, I suspect the only conclusion will be customer service needs to improve as does record keeping - with details having gone astray in systems migrations last year.....aka local whitewash!
PE (washing his hands of Cambria......apologies to LKH for plagiarising his style!)
Why dont you write to Mark Lavery direct. I met him some time ago and found him most approachable and very hands on. Also if you do contact him, ask him to make a public statement - perhaps on these BBs - as to what is happening and why and most importantly what he is personally doing to fix it!
I think one reason why there may be a stalling, if our experience is anything to go by is the service plan and the servicing. I was considering this over the last year following tips / info by Simon Thompson in the IC, however following the atrocious experiences we have had with our Cambria dealers and servicing our Volvos then there were far too many concerns and so didn't invest....
Local Cambria Volvo dealership lost numerous key staff last year and service fell dramatically....couldn't even book new Volvo in for warranty work as they had no-one to work on the service desk and no Master technician.
Dealerships (2) cannot account accurately, even now, for monies paid into Cambria service plan and have failed to send "statements" when asked. Roadside assistance (which is part of lifetime service package on used Volvos) was overlooked for first 12 months. Having phoned and tried to book a car in for service TWICE, neither call was returned so that car is being serviced elsewhere. The Ombudsman will be contacted if no progress is made by end of Jan on the service plan monies.
Another Volvo in the family, which was purchased new, is due to be serviced on a Volvo service plan (rather than Cambria) - it wont be going to Cambria.
With this kind of customer service on after sales (where they have been making ALL their money - new cars now give nothing other than access to water sales profit) I now find it hard to justify any investment in this company and would actively SELL
p.s San Jaime - next time you see Mark Lavery it might be an idea to ask why they are losing customers in this way?
Good to see the sp creeping back up after a disappointing and volatile year.
Still holding. Having seen CAMB peak towards 90p back in January was expecting to see a ton by year end but no such luck, despite good results. Market sentiment being the reason I guess.
After paying out £850 for Motorparks to service my 6 year old Volvo SUV and also my daughter updating to a new Ford Focus on Black Friday from them - was expecting a rise here.
Next time I speak to Mr Mark Lavery will ask why loyal CAMB shareholders don't get a discount on their Car Purchase or Service bills.
"Sorry no perks for shareholders" we were told by both Volvo and Ford dealers.
Well-funded franchised motor dealer looks significantly oversold
A sell-off at franchised motor retailer Cambria Automobiles (CAMB:AIM) looks overdone. A prospective price to earnings ratio (PE) of 6.7 discounts sector risks yet ignores the small caps cash generation and exciting future prospects.
Motor retailers have de-rated since before the Brexit vote. Investors have priced in an uncertain consumer outlook and called the top of the new car market.
Cambrias full year results (22 Nov) showed 38% growth in pre-tax profit to £10.6m as sales topped £600m for the first time, as well as a reassuring £400,000 net cash position.
Caution over softening new car margins prompted analysts to downgrade profit estimates, yet Cambria has a rock-solid balance sheet 41p per share property asset backing according to N+1 Singer and is steered by experienced management that has grown the business in conditions fair and foul alike.
There should be more to come from recent acquisitions that have beefed up Cambrias premium and high luxury business, while tougher market conditions are already increasing acquisition opportunities in a fragmented market.
New forecasts for the year to August 2017 from N+1 Singer, which suggests fair value of 73p, point to slightly lower adjusted pre-tax profit of £10.4m (2015: £10.6m) for earnings per share of 8.2p and a flat 0.9p dividend.
Shares says: BUY : A markdown to 55p presents a buying opportunity at Cambria Automobiles."
just got back in - i had some reservations longterm about the sale of cars from abroad - but having checked the portfolio they sell a lot of prestige models made in Britain - recent results were good - i believe they have been marked down too much, but only time will tell
We investors are ficle, and there haqve been a series of negative conmments about Jaguar sales in the EU countries etc. The effect of these will only be exaggerated in high priced markets which tend to dominate their reporting - Jaguar, Land Rover, Aston Martin whereas they have a good spread of other marques too. Words like 'softening' strike fear into investors' hearts. Did the same to MCS, the builders, earlier in the autumn before recovery soon after. Was looking to buy into these; will hold off a bit longer now.
The market does seem to have read the worst into the uncertainties. But the results are solid and the management has shown itself to be adept and, I think trustworthy. I topped up this morning on weakness, although if I had waited a little longer, it would have been weaker still.
Notwithstanding the traditionally cyclical nature of the business, the shift towards more aftermarket work, especially with growth of PCPs, does offer the prospect of better consistency. The excellent cashflow and ROE make it a long-term buy and hold.
Just over 4.18 million vehicles were sold in the first half of the year.
That was an 8% increase on second-hand sales in the first half of 2015, and the first time that any half-year sales have risen above the four million mark.
The Society of Motor Manufacturers and Traders (SMMT) said the increase mirrored the rising number of new cars sold in the past few years.
Mike Hawes, chief executive of the SMMT, said: "The UK's used car market is at its strongest ever."
"The growth in the used car market has reflected the record demand for new cars in recent years, but future growth in high-cost purchases will depend on stable consumer and business confidence," he added.
Car sales are widely seen as a key indicator of economic activity and consumers' willingness to spend money.
The half-year rise in second-hand sales was far in excess of the growth of the wider economy, or of people's incomes.
It was also higher than the 3% rise in first-half sales of new cars.
The trade body's figures show that in the first five years following the 2008 financial crisis, and the subsequent economic recession, second-hand car sales fell sharply, and then stood still.
At one point the government had to bring in a scrappage scheme to encourage people to continue buying new cars, and to stop the industry from potential collapse.
Since then new car sales have revived strongly, hitting a new record high in 2015, and for the past three years second-hand sales have been picking up too.
The SMMT said that the most popular second-hand cars were those between one and three-years old, super-minis, and small family cars
Read Zeus Capital's note on CAMBRIA AUTOMOBILES PLC (CAMB), out this morning, by visiting https://www.research-tree.com/company/GB00B4R32X65
"Cambria delivered another strong set of results for H1 2016, exceeding our adjusted EPS forecast by 11% and delivering 43% YOY growth. As the group approaches its 10th anniversary, its development via self-funding from just £10.8m of equity capital is impressive. Both ROE and ROCE have been significantly ahead of its WACC and the sector average for some time, which is a sign of consistent quality. We consider the stock to be..."
Yes - another set of excellent interim results - I had my doubts when the sp dipped in April to under 70p. Nice divi increase to reward the faithful.
Agree we should hit the ton before YE.
Pat on the back to the 1,000 employees....Well done !
 Revenue increased by 14.7% to £278.4m (H1 2015: £242.8m)
 Underlying Profit before tax up 40.1% at £4.6m (H1 2015: £3.3m)
 Underlying Earnings per share increased 42.5% to 3.69p (H1 2015: 2.59p)
 Underlying net profit margin up 22.8% to 1.67% (H1 2015: 1.36%)
 Positive operational cash flows maintained, with a cash position of £25.3m (H1 2015: £13.0m) and
net cash of £0.3m (H1 2015 net debt: £0.9m)
 Strong balance sheet with net assets of £37.6m (H1 2015: £30.4m)
 Rolling twelve month Return on Equity* of 21.15% (H1 2015: 18.65%)
 Interim dividend increased by 33.3% to 0.2p (H1 2015: 0.15p)
 New £37.0m, 5 year banking facilities arranged providing additional funding capacity for growth
SJ - a satisfied shareholder.........Keep up the good work.
As this is AIM have ignored my Stop Loss flag at 70p, waiting for the interim results..
The recent drop in sp may be explained by the interim figures though so could be a wrong decision..
Despite good sales the profit margins may down - we shall see next week...... SJ.
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