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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Auto Trader - Shares soar over £7

January 2022

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:
  • 737p
A terrific month for the shares, which spiked  130p to a new high of 748p after Auto Trader announced half year results ahead of expectations. The Covid-19 driven switch from public transport to roads plus the shortage of chips for new cars has clearly played into its hands with frustrated would-be buyers switching to nearly new cars, which in turn has increased demand to advertise on Auto Trader’s website by motor dealers. Total retailer  forecourts using its services increased 6% to 13,892 while average revenue per retailer jumped 13% to £2,199 and even the reduction of physical stock (due to the vehicle shortages) couldn’t ruin Auto Trader’s parade. Pretax profit increased to £150m (beating Numis’ £133m estimate) on sales of £215m. Th ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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