Inchcape (INCH)

Sector:

Support

Index:

FTSE 250

762.50p
   
  • Change Today:
    -32.00p
  • 52 Week High: 847.00
  • 52 Week Low: 624.50
  • Currency: UK Pounds
  • Shares Issued: 413.01m
  • Volume: 458,873
  • Market Cap: £3,149.18m
  • RiskGrade: 124
  • Beta: 0.01

Inchcape to take controlling stake in CATS Group

By Frank Prenesti

Date: Tuesday 17 Jan 2023

LONDON (ShareCast) - (Sharecast News) - Inchcape said it was taking a controlling stake in the CATS Group of the Philippines and forming a joint venture with the distributor of luxury vehicles.


The deal will expand Inchcape's global distribution footprint as it enters the Philippines, the company said on Tuesday and strengthen its reach and partnerships with Mercedes-Benz, Chrysler, Dodge, Jeep, Jaguar and Land Rover.

No financial details were disclosed. Inchcape will take a 60% stake in CATS, with the remainder being owned by CATS' founding Ang family and its associates, who will also continue to be represented on the company board.

CATS is expected to add c.£120m of annualised revenue and be accretive to the group's operating margin. The transaction remains subject to customary conditions with completion anticipated in the second half of 2023.

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Inchcape Market Data

Currency UK Pounds
Share Price 762.50p
Change Today -32.00p
% Change -4.03 %
52 Week High 847.00
52 Week Low 624.50
Volume 458,873
Shares Issued 413.01m
Market Cap £3,149.18m
Beta 0.01
RiskGrade 124

Inchcape Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
2.50% above the market average2.50% above the market average2.50% above the market average2.50% above the market average2.50% above the market average
68.89% above the sector average68.89% above the sector average68.89% above the sector average68.89% above the sector average68.89% above the sector average
Price Trend
40.44% above the market average40.44% above the market average40.44% above the market average40.44% above the market average40.44% above the market average
13.13% above the sector average13.13% above the sector average13.13% above the sector average13.13% above the sector average13.13% above the sector average
Income
71.61% above the market average71.61% above the market average71.61% above the market average71.61% above the market average71.61% above the market average
87.30% above the sector average87.30% above the sector average87.30% above the sector average87.30% above the sector average87.30% above the sector average
Growth
78.54% above the market average78.54% above the market average78.54% above the market average78.54% above the market average78.54% above the market average
75.76% above the sector average75.76% above the sector average75.76% above the sector average75.76% above the sector average75.76% above the sector average

What The Brokers Say

Strong Buy 6
Buy 5
Neutral 0
Sell 0
Strong Sell 0
Total 11
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Inchcape Dividends

  Latest Previous
  Final Interim
Ex-Div 02-May-24 03-Aug-23
Paid 17-Jun-24 01-Sep-23
Amount 24.30p 9.60p

Trades for 02-May-2024

Time Volume / Share Price
16:35 247,369 @ 762.50p
16:35 656 @ 762.50p
16:35 620 @ 762.50p
16:35 4,890 @ 762.50p
16:35 9,814 @ 762.50p

Inchcape Key Personnel

Chair Nigel Stein
CEO Duncan Tait
CFO Adrian Lewis

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