4 August 2021 - trading update
Following the positive news coming from the motor retail sector, AIM-listed Marshall Motors has issued a strong trading update as the market has benefited from strong tailwinds since April. The value of second hand vehicles has risen sharply and demand from consumers is strong. The company therefore believes that it will make underlying pre-tax profits of at least £40m for 2021 - this is almost double the figure for 2020 when earnings per share were 21.1p - achieving this forecast would make the shares look very cheap and we maintain our recommendation of
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