1 March 2021 - trading update
The AIM-listed motor dealership group has announced that trading in the financial year to 28 February has been in line with expectations, with adjusted pre-tax profits of around £23m on the cards. This is a useful increase on the £18m which had been pencilled in before the trading update at the beginning of February and will mean the profits will be at a similar level to last year. This would generate earnings per share of around 5.1p putting the shares on a very modest p/e ratio. This is clearly a very . . .
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