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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Auto Trader

January 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • AUTO
  • Price:
  • 437p
You’d think that the Brexit overhang would affect a business like Auto Trader, which owns a digital automotive market place for used cars but not a bit of it. Interim results showed revenues, pretax profit and eps up 7%, 9% and 12%, respectively, at £177m, £114.5m and 9.8p. These were ahead of brokers’ expectations.Cash generated from operations rose 12% to £129m, reducing leverage to 1.3x, even despite returning £80m to shareholders via buy-backs and dividends. Operating profit margin grew 1% to  a mouth-watering 68%.The main division, Trade, generates revenues predominantly through subscriptions by car retailers. In the period, 13,153 retail forecourts subscribed and with average rev ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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