Inchcape worth a punt at 25p?

[johnfm]

Gents - Inchcape currently at 25p. THey have managed to survive the recent crash in vehicle residual values.

Worth a punt at 25p a share?

[Dan_1981]

johnfm said:

Gents - Inchcape currently at 25p. THey have managed to survive the recent crash in vehicle residual values.

Worth a punt at 25p a share?

Was is it inchcape that were down at about a penny 6 months a go?

[johnfm]

yep, think so. No, I didn't pile in. Yes, I am a tt!

[Sisyphus]

I'm no great pundit myself but a friend who put me onto Pendragon @ 16p recommended I buy into Inchcape at the beginning of this month when they were about 20p.
There are good results expected on wednesday apparently so I would have been a fool to ignore his advice & at 25p he thinks they still have a way to go.





Shares can go down as well as up so if it's not spare money, leave it in the bank

[Dupont666]

Sisyphus said:

Shares can go down as well as up so if it's not spare money, leave it in the bank

The banks are paying no interest, so you might as well put it under your bed.

[johnfm]

Was thinking about a long term play with Inchcape and Taylor Wimpey. Probably worth a £500 punt on each.

[Mattt]

johnfm said:

Was thinking about a long term play with Inchcape and Taylor Wimpey. Probably worth a £500 punt on each.

You appear to have arrived late at this party!

[johnfm]

Yes Matttttt, but late is a relative term

I expect there is still some gains to be had from companies with huge market cap at historically low values.

Though I would have preferred to be at the party earlier, I still may partake a beer or two before it closes.

[Mattt]

True, but any longer term gains off of a £500 punt are likely to be (relatively) minimal.

For a £500 punt, there must be higher risk short term contenders.

[Sisyphus]

Mattt said:

johnfm said:

Was thinking about a long term play with Inchcape and Taylor Wimpey. Probably worth a £500 punt on each.

You appear to have arrived late at this party!

If it's a good party it doesn't matter if you arrive late.

[johnfm]

Mattt said:

True, but any longer term gains off of a £500 punt are likely to be (relatively) minimal.

For a £500 punt, there must be higher risk short term contenders.

Well, if I take £50/point with a 7 point stoploss, I lose £350 if it drops to 18p. If it gets to 50p, I make £1250.

[Dupont666]

johnfm said:

Mattt said:

True, but any longer term gains off of a £500 punt are likely to be (relatively) minimal.

For a £500 punt, there must be higher risk short term contenders.

Well, if I take £50/point with a 7 point stoploss, I lose £350 if it drops to 18p. If it gets to 50p, I make £1250.

And if I buy gold tomorrow and it doubles I make even more...

So many IFs in that statement of yours its like you are trying to convinence yourself.

what it all come back in my face now

[Mattt]

johnfm said:

Mattt said:

True, but any longer term gains off of a £500 punt are likely to be (relatively) minimal.

For a £500 punt, there must be higher risk short term contenders.

Well, if I take £50/point with a 7 point stoploss, I lose £350 if it drops to 18p. If it gets to 50p, I make £1250.

Well, if you're talking CFD then fair enough - I thought you were going to buy £500 worth, then sit back and watch it over a few years.

[johnfm]

No, leveraged punt on IG, with trailing stoploss.

[Big Time Charlie]

Half year results for Inchcape on Wednesday btw gents, going to make interesting reading.

[rickybouy]

think the ship has sailed on this one

[MElliottUK]

i got in at 16p out at 21p - one ive been watch for months. Its up and down and all over the show.

just bought BAE this morning, figures are out on thurs

Edited by MElliottUK on Tuesday 28th July 12:40

[UncappedTag]

Have they not recently issued a rights issue to raise capital on a 9 to 1 basis? Aint this cause for concern?

[UncappedTag]

MElliottUK said:

just bought BAE this morning, figures are out on thurs

Edited by MElliottUK on Tuesday 28th July 12:40

With a -14.4% ytd, what do you know

[okgo]

Dan_1981 said:

johnfm said:

Gents - Inchcape currently at 25p. THey have managed to survive the recent crash in vehicle residual values.

Worth a punt at 25p a share?

Was is it inchcape that were down at about a penny 6 months a go?

No, that was Pendragon.