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Motorpoint – argues “well placed”… but macro uncertainty & what about a lock-up being waived & independent non-exec resignation?

2019-10-08 11:25:39

Motorpoint (MOTR), “the UK's largest independent vehicle retailer”, has updated including of “a material increase in market share”“strong current stock profile” and “a new share buyback programme, of up to £10 million”. The shares have nudged higher, but still below 220p compares to approaching 250p early last month…

NEWSFLOW ARTICLE

Motorpoint – it was “pleased to announce a new share buyback programme”, I bet founder-director David Shelton was particularly pleased!...

2019-09-06 14:00:00

Post market close yesterday an accelerated bookbuild by Numis Securities was announced as “a partnership between David Shelton (a non-executive director of the company) and his connected persons, announces that, in connection with divorce proceedings, it intends to sell at least 8 million ordinary shares in Motorpoint” (MOTR). The shares closed yesterday at 240p – and today a “Result of Accelerated Bookbuild in Motorpoint”

ARTICLE

Motorpoint – “remains confident in its full year outlook”. Hmmm…

2019-07-23 11:28:52

An “AGM Trading Update” from the UK's largest independent vehicle retailer Motorpoint (MOTR) concludes “the board believes Motorpoint is well placed to continue to take market share and remains confident in its full year outlook”. The shares have though responded lower, towards 200p…

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