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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Vertu Motors Plc | VTU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.40 | -0.58% | 68.60 | 10:54:55 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 68.20 | 67.30 | 68.60 | 69.00 |
| Industry Sector |
|---|
| GENERAL RETAILERS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 04/10/2023 | Interim | GBP | 0.0085 | 14/12/2023 | 15/12/2023 | 19/01/2024 |
| 10/05/2023 | Final | GBP | 0.0145 | 29/06/2023 | 30/06/2023 | 28/07/2023 |
| 05/10/2022 | Interim | GBP | 0.007 | 15/12/2022 | 16/12/2022 | 20/01/2023 |
| 11/05/2022 | Final | GBP | 0.0105 | 30/06/2022 | 01/07/2022 | 29/07/2022 |
| 13/10/2021 | Interim | GBP | 0.0065 | 16/12/2021 | 17/12/2021 | 21/01/2022 |
| 09/10/2019 | Interim | GBP | 0.006 | 05/12/2019 | 06/12/2019 | 17/01/2020 |
| 08/05/2019 | Final | GBP | 0.0105 | 27/06/2019 | 28/06/2019 | 29/07/2019 |
| Top Posts |
|---|
Posted at 24/4/2024 08:24 by c_k Agreed. With 20 dealerships in Ireland they are much smaller than VTU so I can only see their stake as an investment. |
Posted at 15/4/2024 08:29 by daneswooddynamo Quite surprised it was Group 1 as they seemed to be throttling back in q1 with some lay offs across their sites. Anyway Autonation still very much on the outside as far as the UK is concerned and versus their US competitors, if they want to enter vtu remains the obvious choice |
Posted at 15/4/2024 08:12 by c_k Group 1 Automotive of the US is the winning bidder for Inchcape's UK retailer business. I thought that AutoNation would be the likely winner. As there are likely to have been other bidders which will have carried out due diligence on Inchcape and have assessed the UK market will any of them now look at VTU as the only listed car dealership that hasn't been acquired? |
Posted at 01/4/2024 15:07 by daneswooddynamo I think Hedin is now focused on the smaller piecemeal acquisition strategy. Every chance if Autonation does go for Inchcape’s UK ops they add vtu in due course. Lithia has spent over 700m buying up Jardine and Pendragon retail. In any event it seems highly unlikely that vtu remains the sole quoted UK car dealer of scale |
Posted at 26/3/2024 08:51 by davebowler ....In our view, Vertu’s P/E multiples are far from challenging for a business that has shown itself able to grow across the cycle and to generate cash. We also note that the forecasts do not include acquisitions even though it might be reasonable to expect more than the handful of sites added every year that the forecasts assume. Although not all acquisitions will necessarily be earnings enhancing in their first year. The market might appear too pessimistic on the short-term prospects and to be drawing only the easy negative conclusions regarding the structural and technical challenges and opportunities that face the automotive market over the medium term. Given management’s focus on assets, it is natural to also look to Vertu’s asset value as an indicator of value per share. The shares currently stand at a discount to Vertu’s net tangible asset per share. On our estimates, the expected FY24 year-end net tangible asset per share is 70.5p, building to 80.8p at the end of FY25. We also forecast 1.9p of dividend payable for FY24. |
Posted at 17/3/2024 12:06 by robmcelf2 I wonder what it will take for VTU to close the gap on the analysts Target share price of c90p. Takeover noise seems to have quietened down for now, but it's such a well run business that value will out in due course I'm sure! Just a matter of time |
Posted at 07/3/2024 11:52 by mortimer7 UK New Car registrations total for month of February was 84,886. Last Feb was 74,441.Increase due entirely to Fleet market sales being up 25%. Private sales down 2.6%. Expect VTU increased focus on Used market & Aftersales as their Gross Profit for the 3 main elements of the business will revert back to pre 2020 percentage mix. EG Approximately: Aftersales 40%, Used Vehs 34% New Vehs 26%. |
Posted at 05/2/2024 17:30 by riverman77 Why do you think a bid now unlikely? I find it hard to believe acquirers are so short term, and would be put off by some short term weakness, which I'm sure they have seen many times before. On the other hand, bids have come in for all the other dealers over last few years and for whatever reason no one appears interested in VTU |
Posted at 26/1/2024 20:10 by riverman77 The fact that all the other listed car dealers have been acquired at far higher valuations than VTU suggests this remains very cheap (it is also fully asset backed). The various acquirers will know the industry better than anyone else so I think I'll trust their judgement rather than the Tempus journalist. Also, I think there is more than the prospect of getting taken over - Cinch have been increasing their stake on an almost weekly basis and now up to 9%. |
Posted at 16/1/2024 14:12 by buffalobillnuts It's JPMorgan Asset Management, who have a 0.75% short on vtu. I think that is what is holding the share price back. I'm really not sure why they'd think shorting vtu at 67p ish is a good idea! But, Its helping TDR to buy cheap. |
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