GreenGiant 287 Posted March 20, 2015 Yesterday morning, I was all ready with a high blood-pressure rant that I was going to share with all you good people today. I had it prepared, spleen beautifully vented, grammar and spelling checked and all ready to upload. Then I saw a number. And everything changed. What number? A very big number. 2.35 Billion, to be precise. This, apparently, is the Market Value of the all-conquering, uncaring, money-grabbing behemoth that is Auto Trader Group. OMG. Has the world (or more specifically, the City) gone stark raving mental? £2.35 a share? I wouldn’t give you £2.35 for the whole shebang. It’s incredible. They have no tangible product, little or no assets and an ever-dwindling customer base. Admittedly, a 57% profit margin looks good on paper (whilst we’re scratching around for 2 or 3%...), but that is all that it is – on paper. So, 6 weeks on from my original diatribe, my rant this week has now become: Share this post Link to post Share on other sites
James Baggott 227 Posted March 21, 2015 57 per cent!!!!! Share this post Link to post Share on other sites
GreenGiant 287 Posted March 21, 2015 Earnings of £136.1million on revenues of £237.7million Quote: Auto Trader holds a virtually unassailable position in the digital automotive marketplace, which analysts say through which there remains numerous avenues to squeeze more profits from the user base. Shall I just bend over and shut my eyes? Share this post Link to post Share on other sites
