Used-car write-offs
Article Abstract:
DC Cook is an automobile dealer which has had problems in sustaining a strong performance, despite the company's amibitions. The company's stock price has dropped, but this does not represent an opportunity for investors. The company has also been involved in failed merger talks, which have cost 440,000 pounds sterling. The company plans to sell franchises and reduce the number of manufacturers that it represents. The company could undergo a recovery, but better value can be obtained for investors frm other motor dealers.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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Millenium: waiting for the millenium
Article Abstract:
Millenium is a UK automobile dealer which failed to acquire Helston Garages, leaving the company with a Unipart franchise and a Rover dealership. The company has a franchise for a new model of the MG sports vehicle, covering the bulk of north London, England, and this should help boost the company's growth. The company's ability to grow through acquisitions has been affected by a share offer not raising as much in funds as had been expected. More funds may have to be raised for further acquisitions.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Henlys keeps options open
Article Abstract:
Henlys faces competition in the UK automobile distribution market. The company may withdraw from motor vehicle distribution if price competition between motor vehicle producers does not ease in the UK. The company reported a profit of 7.5 million pounds sterling for 1995, when sales were 330 million pounds, with an 8% profit rise for that year. Increased pressure is leading to many dealers issuing profit warnings, and consolidation is likely among UK dealers.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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