Inchcape (INCH)

Sector:

Support

Index:

FTSE 250

808.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 847.00p
  • 52 Week Low: 624.50p
  • Currency: UK Pounds
  • Shares Issued: 413.01m
  • Volume: 1,512,308
  • Market Cap: £3,337.10m
  • RiskGrade: 124

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 808.00p
Change Today 2.00p
% Change 0.25 %
52 Week High 847.00p
52 Week Low 624.50p
Volume 1,512,308
Shares Issued 413.01m
Market Cap £3,337.10m
RiskGrade 124

Inchcape Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
6.22% above the market average6.22% above the market average6.22% above the market average6.22% above the market average6.22% above the market average
62.64% above the sector average62.64% above the sector average62.64% above the sector average62.64% above the sector average62.64% above the sector average
Price Trend
58.77% above the market average58.77% above the market average58.77% above the market average58.77% above the market average58.77% above the market average
31.31% above the sector average31.31% above the sector average31.31% above the sector average31.31% above the sector average31.31% above the sector average
Income
73.01% above the market average73.01% above the market average73.01% above the market average73.01% above the market average73.01% above the market average
93.75% above the sector average93.75% above the sector average93.75% above the sector average93.75% above the sector average93.75% above the sector average
Growth
79.29% above the market average79.29% above the market average79.29% above the market average79.29% above the market average79.29% 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 17-May-2024

Time Volume / Share Price
15:06 612,338 @ 801.50p
15:16 612,338 @ 801.50p
16:39 6,728 @ 831.83p
16:38 11,454 @ 807.53p
16:35 186,993 @ 808.00p

Inchcape Key Personnel

Chair Jerry Buhlmann
CEO Duncan Tait
CFO Adrian Lewis

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