INTERVIEW: Lookers Plc An attractive valuation

Lookers Plc (LON: LOOK) is the topic of conversation when Mike Allen, Head of Research at Zeus Capital talks to DirectorsTalk. Mike talks us through the highlights of the company’s final results, any themes he noted in the report, how this might effect the forecasts and shares his views on the company valuation.

Lookers plc is a leading UK motor retail and aftersales service group. The Group’s operations cover all four UK countries and the Republic of Ireland where it operates through the sale of new and used cars and aftersales services.

Since its foundation in 1908, the Group has grown organically and through acquisitions to its current position of 154 franchise dealerships. As a whole, the Group offers an extensive choice of new and used cars, motorcycles, commercial vehicles and leasing services as well as aftersales services. Through its “For You, For Life” programme, the Group is committed to providing unrivalled service,offering advice, support and expertise from purchase to after sales care.

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