BAP - Bapcor Limited

[System]

Burson is Australia's largest trade focused automotive aftermarket parts distributor, with access to over 500,000 vehicle parts and accessories from in excess of 1,000 suppliers and distributing to approximately 30,000 workshops and other customers across Australia.

http://www.burson.com.au

It is anticipated that Burson Group Limited (BAP) will list on the ASX on April 24th, 2014.

 

[Guardian2014]

Re: BAP - Burson Group IPO

In at $2.03
Ill post again in 3 Months.

 

[System]

On July 8th, 2016, Burson Group Limited changed its name to Bapcor Limited.

 

[oldblue]

BAP's interim results out today. Revenue +34%, NPAT +30%, EPS + 21% ( on a greater number of shares). Shareprice savaged so the market was clearly expecting even better. What were brokers' guesses there?

 

[fanger]

I thought BAP reported well again but the market doesn't seem to like it that much. Shares were down after numbers were released. Have I missed something?

 

[Miner]

Today Bapcor provided its result.
On face value considering the forthcoming challenges with car industry and electric car, this could be a reasonable performance. But M/s Market did not like the spin and gave an LBW call with 11% down.
DNH

 

[Boggo]

Bought into this today, weekly signal seems to be holding up.
Last two system entries weren't successful, let's see how this one goes

(click to expand)

 

[Dona Ferentes]

Fun and games at Bapcor.

In February, chairwoman Margie Haseltine was “delighted” to extend long-serving chief Darryl Abotomey’s term to late 2023. By 22 November, the company said he was resigning on a high (laudatory newspaper interviews and all). And by Monday 07 Dec, Abotomey was immediately turfed, because of a “marked deterioration” in his relationship with Bapcor’s board that made even his working through his brief three-month notice period “untenable”. The board hoped the next chief would display a “more contemporary leadership and management approach”.

$8.25 to below $6.40 over those two weeks; since repaired to close at $7.20 today

Never pretty. I'm sure the auto parts industry puts inclusiveness high on its list of workplace cultural norms.

 

[JohnDe]

Any input on BAP's future?

My guess is that with vehicle manufacturers focusing on EV's and the current shortage of new vehicles, our vehicle fleet is going to get older and require more maintenance. Creating a perfect storm for BAP.

Then again, EV production could ramp up significantly and sell cheaper than an ICEV, which would cause current vehicle owners to stop maintaining their vehicles while they wait and transition. I strongly doubt that this will happen, not for another several years.

Toyota LandCruiser 300 Series orders are suspended indefinitely in Japan - as the car giant frantically works to fulfill thousands already in the queue

• All Toyota LandCruiser 300 Series orders are indefinitely suspended in Japan
• It is not yet known whether orders will be suspended for Australian customers
• A spokesperson said the situation in Australia would be clarified by Wednesday
• Toyota Australia already closed orders for the HiLux Rogue and HiLux Rugged

 

[JohnDe]

Announcement of CEO & MD

Bapcor Limited ("Bapcor" or "the Company", ASX: BAP) is pleased to announce that Chief Executive
Officer (CEO), Noel Meehan has been appointed to the Board as CEO and Managing Director of
Bapcor effective from 1 September 2022. The terms of Mr Meehan’s employment agreement have
been disclosed previously and have not been amended since his appointment as CEO on 8 February
2022.

Bapcor Chair, Margaret Haseltine, said “We are delighted to welcome Noel to the Board as CEO and
Managing Director. The Board has observed Noel in the role of CEO since 8 February 2022 and
during this time he has secured the engagement of new key executives and has shown strong
leadership by establishing a clear vision and strategic direction for Bapcor. Noel has already made a
strong contribution to the Company as CFO and CEO and the Board look forward to continuing to
work closely with Noel to elevate Bapcor to its next stage of growth.”

Bapcor, as part of its continued succession planning also announces the retirement of Therese Ryan
as an Independent Non-Executive Director effective from 30 September 2022. Therese was
appointed to the Bapcor Board in March 2014, and currently serves as a member of the Audit & Risk
Committee and the Nomination, Remuneration & ESG Committee.

 

[fanger]

Any input on BAP's future?

My guess is that with vehicle manufacturers focusing on EV's and the current shortage of new vehicles, our vehicle fleet is going to get older and require more maintenance. Creating a perfect storm for BAP.

Then again, EV production could ramp up significantly and sell cheaper than an ICEV, which would cause current vehicle owners to stop maintaining their vehicles while they wait and transition. I strongly doubt that this will happen, not for another several years.

Unfortunately I don't see the cost of EV's coming down anytime soon. Costs are far to high for the average consumer then you need to factor in the inconvenience of charging times. The EV market is growing but its less than 2% of the overall market. Petrol vehicles are getting phased out over the next 10 to 15 years but diesel will still be around for a lot longer.

 

[JohnDe]

BAP share price has been slowly but steadily growing.

Bapcor (ASX:BAP) Seems To Use Debt Quite Sensibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' So it seems the smart money knows that debt - which is usually involved in bankruptcies - is a very important factor, when you assess how risky a company is. We note that Bapcor Limited (ASX:BAP) does have debt on its balance sheet. But is this debt a concern to shareholders?

The latest balance sheet data shows that Bapcor had liabilities of AU$347.9m due within a year, and liabilities of AU$551.4m falling due after that. On the other hand, it had cash of AU$80.2m and AU$203.8m worth of receivables due within a year. So it has liabilities totalling AU$615.4m more than its cash and near-term receivables, combined.

While this might seem like a lot, it is not so bad since Bapcor has a market capitalization of AU$2.21b, and so it could probably strengthen its balance sheet by raising capital if it needed to. But we definitely want to keep our eyes open to indications that its debt is bringing too much risk.

We measure a company's debt load relative to its earnings power by looking at its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and by calculating how easily its earnings before interest and tax (EBIT) cover its interest expense (interest cover). The advantage of this approach is that we take into account both the absolute quantum of debt (with net debt to EBITDA) and the actual interest expenses associated with that debt (with its interest cover ratio).

Bapcor's net debt is only 1.2 times its EBITDA. And its EBIT covers its interest expense a whopping 10.3 times over. So we're pretty relaxed about its super-conservative use of debt. While Bapcor doesn't seem to have gained much on the EBIT line, at least earnings remain stable for now. When analysing debt levels, the balance sheet is the obvious place to start. But ultimately the future profitability of the business will decide if Bapcor can strengthen its balance sheet over time. So if you're focused on the future you can check out this free report showing analyst profit forecasts.

Finally, while the tax-man may adore accounting profits, lenders only accept cold hard cash. So it's worth checking how much of that EBIT is backed by free cash flow. Over the most recent three years, Bapcor recorded free cash flow worth 54% of its EBIT, which is around normal, given free cash flow excludes interest and tax. This free cash flow puts the company in a good position to pay down debt, when appropriate.

 

[JohnDe]

A decent update -

https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02631987-692LAJ2AFCD70CH1SO9ECHI8J0/pdf?access_token=0007woGywUAGw6MxOrwwmJwtpKIr

 

[Dona Ferentes]

Bapcor is 11.5 per cent lower at $5.91, after flagging that its year-to-date revenue growth had slowed down to a low-single digit percentage rate, compared with last year.

 

[divs4ever]

i opted for truck parts over car parts ( although i hold SUL as well ) and bought into SNL only up 480% , another unexpected mult-bagger

 

[JohnDe]

Some unexpected and potentially good news for BAP.

Auto-parts veteran Dumbrell returning to Bapcor as CEO Meehan in shock exit​

 

[divs4ever]

Request for Trading Halt

Pursuant to ASX Listing Rule 17.1, Bapcor Limited (ACN 153 199 912) (Bapcor) requests the immediate implementation of a trading halt in its ordinary shares (ASX Code: BAP).

Bapcor provides the following information for the purposes of ASX Listing Rule 17.1.
(a) The trading halt is requested pending the release of a trading update by Bapcor.
(b) Bapcor requests that the trading halt remain in place until the earlier of:
(i) Bapcor making an announcement to the market regarding the trading update; and
(ii) the commencement of trading on Thursday, 2 May 2024.
(c) Bapcor is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.

Please contact me if you require any further information.

i do not hold this share

hhmmm a 'price sensitive ' update

seat-belts might be needed

 

[JohnDe]

Some unexpected and potentially good news for BAP.

Auto-parts veteran Dumbrell returning to Bapcor as CEO Meehan in shock exit​

View attachment 170015

View attachment 170016

Paul Dumbrell has changed his mind. The job too big, or the board doesn't like his ideas. So many questions.

MARK BERNHARD TO CONTINUE AS INTERIM CEO AND MANAGING DIRECTOR

The Bapcor Limited Board announces that Paul Dumbrell will not be commencing as the group’s CEO and Managing Director as anticipated on 1 May 2024.

Paul Dumbrell, who was confirmed in the role on 1 February 2024, has made a personal decision not to join the Company.

To ensure stability and consistency, Mark Bernhard will continue as Interim CEO and Managing Director while the Board begins a new executive search.

Mark Bernhard has more than 30 years global experience as an executive in the automotive sector.

Bapcor Chair Margie Haseltine said: ‘This is a disappointing situation, however we are pleased that Mark will remain acting in the role, so we can continue to leverage his expertise and experience.’

 

[divs4ever]

Trading Update

Bapcor Limited (“Bapcor”, the “Group” or the “Company”), a leading provider of vehicle parts, accessories, equipment, service and solutions, today provides a trading update.

Based on performance to date and current trading conditions, Bapcor expects that the second half FY24 Pro-Forma NPAT results will be below that of the first half FY24 ($54.2m), principally due to the following reasons:
• Trading conditions in our Retail business have remained challenging due to weak consumer confidence and lower levels of discretionary spending;
• The Wholesale business (within Specialist Wholesale) is being impacted by competitive pricing, resulting in volume and margin compression;
• The benefits from the Better than Before (“BTB”) program have not been realised to the extent expected in 2H FY24;
• Incremental overheads which were based on the expected benefits of BTB and higher sales volumes; and
• Higher interest costs. As a result of these factors, Bapcor expects Pro-Forma NPAT for FY24 to be between $93m and $97m, noting May and June are historically the strongest trading months for the Trade and New Zealand businesses.
A decline in the performance of the Retail business may result in an impairment of tangible and intangible assets.
This will be confirmed as part of the year-end process.
Bapcor’s Interim CEO and Managing Director, Mark Bernhard said: “Trading conditions since our last update to the market have remained challenging as consumers continue to pull back on spending, primarily impacting our Retail business.
Pleasingly, our Trade and Specialist Networks businesses have continued to grow sales, on what was a strong prior year comparative.” Management is actively working to reduce the cost base to be more appropriate for the current trading environment.
Bapcor remains confident in the long-term outlook for the Group and the resilience of the automotive aftermarket industry as evidenced by the continued growth in sales of our two largest segments being Trade and Specialist Networks.

i do not hold this share

hmmm is this an entry opportunity ( i already hold SNL in ridiculous profit and SUL up nicely )

 

[divs4ever]

ouch , that was sudden bought a small parcel somewhere around the open .. way below my bid price

PS i had better count my fingertips