The franchised motor retailer.
22-Nov-2017 – 62p – £62m – PER 7.52
Full Results For The Year To End August 2017 – “Solid results in Group’s 11th year of trading, continued strategic progress”. Revenue is up 4.9% and PBT is up 6.6%. This growth seems to have come not from sales (which are down) but from “aftersales”.
I think this is of interest to those with a faith in the sector.
4-Jan-2018 – 61p – £61.0m – PER 7.06
Franchising Developments And AGM Trading Update – New higher end franchises progressing, trading in-line. Actual sales down, supported by after sales. Outlook is, as one would expect, cautious.
Still maintain that this is one for those with faith in the sector. I guess, those with a belief that it has, perhaps, bottomed.
8-May-2018 – 61p – £61.0m – PER 7.88
Unaudited Interim Results For The 6 Months To End February 2018 – In-line but doesn’t look like it – Here’s the spiel “Cambria will maintain its momentum in the second half and deliver a financial performance in line with market expectations for the year as a whole”.
Still going to remain Neutral here.