Cambria Automobiles Plc (LON:CAMB) Is the topic of discussion when Mike Allen, Head of Research at Zeus Capital talks with DirectorsTalk. Mike talks through the highlights from the pre-close trading update, themes noted in the update, how this may affect the Zeus forecast and shares his view on the company’s current valuation.
The Group will announce its Interim Results for the six months to 28 February 2018 on 9 May 2018.
Cambria Automobiles was established in 2006 and has built a balanced portfolio of high luxury, premium and volume car dealerships, comprising over 40 franchises representing major brands across the UK. The Group’s businesses are autonomous and trade under local brand names, including County Motor Works, Dees, Doves, Grange, Invicta, Motorparks and Pure Triumph. The Group’s strategy is to complement its existing franchise and brand portfolio by acquiring earnings enhancing operations, using its strong balance sheet and disciplined approach to capital allocation. Cambria’s medium term ambition is to create a £1 billion turnover business producing attractive returns on capital.