We have increased signifanctly in Cambria Automotive last few weeks. Its our "reopening trade" #1 together with Franklin Covey.
Trading at 4-6x P/E on a normalised P/E multiple with net cash balance sheet
Trading at 4-6x P/E on a normalised P/E multiple with net cash balance sheet
After last opening in 2020 there was big pend-up demand.
Auto Trader says website traffic have soaring ahead of reopening. UK househould savings is at record levels. Consumers says they will prefer cars to public transport
Auto Trader says website traffic have soaring ahead of reopening. UK househould savings is at record levels. Consumers says they will prefer cars to public transport
There is a need to get up to schedule on repair and maintaince of cars to keep warranty etc.
Cambria innovate in new leasing and credit products etc.
Brexit solved without tarrif on cars.
GBP is up a lot = lower inport prices for consumers
Cambria innovate in new leasing and credit products etc.
Brexit solved without tarrif on cars.
GBP is up a lot = lower inport prices for consumers
Real estate prices in the UK is going up. Cambria own prime real estate around the London area that have been written down from cost over several years despite real estate prices going up a lot. We think book value at fair market value is signifcantly higher
Despite this you pay far below book value for the shares today.
Cambria have grown a strong footprint in luxury cars like Bentley, Lamborghini, Aston Martin etc. There is waiting lists for those cars = no cyclicality (they sell everything they get).
Cambria have grown a strong footprint in luxury cars like Bentley, Lamborghini, Aston Martin etc. There is waiting lists for those cars = no cyclicality (they sell everything they get).
You cant team up with Mark Lavery who owns 40 % of the company and his long term partner James Mullins.
The team have compounded book value at 17 % a year for 12 years despite great financial crisis, brexit, covid etc.
Think about what they can achieve when times are good
The team have compounded book value at 17 % a year for 12 years despite great financial crisis, brexit, covid etc.
Think about what they can achieve when times are good
Symmetry own 2,9 % of the company - we look to see what Mark and James can achieve in the years ahead. The market is ready for consolidation and Cambria have a great track record.
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