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Vertu Motors Share Discussion Threads
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|Noticed we now have a shorter being reported as per shorttracker.co.uk
:- Worldquant LLC at 0.50%.|
|Lookers LOOK very cheap now. I have increased my holding in Lookers after results. Good luck|
|A three percent increase then being as last year was a leap year!|
|New Car registration numbers out this morning:
The UK new car market remained steady in February, dipping just -0.3%, according to figures released by SMMT. 83,115 vehicles were registered in traditionally one of the quietest months of the year ahead of the number plate change in March. (83,395 in Feb 2016).|
|LOOKERS results Wednesday 8th March. Expecting good results also.|
|Recommended by Tempus in The Times as a buy. Argues its a safe bet within the sector due to its asset base and significant presence in used cars and after sales.|
|INTERVIEW: Vertu Motors Plc Look very appealing say Zeus Capital.
Vertu Motors Plc (LON:VTU) are the topic of conversation when Zeus Capital head of research Mike Allen caught up with DirectorsTalk. Mike talks us through the key drivers that kept Vertu in line with expectations their current trading patterns, the forecast for the company and valuation.
|Broker note after yesterdays update:-
"Vertu Motors Plc had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ this morning by analysts at Liberum Capital, with a target price of 90p on its stock"|
|Article from AM online
Brief 2 minute conversation with Robert Forrester (CEO) on todays trading update.
Well worth a listen.|
|Agreed though I think it'll be 2018 before this share is properly valued. Don't want to be holding much UK focused stuff post-Brexit, especially smaller market caps, only taking the risk with this one and TEF|
|Very impressed with the update today. Well constructed & informative narrative surrounding all the usual information.
It's just a year since VTU undertook their large placing at 62.5p, so I agree with the view that the share price has plenty of scope to move upwards from current levels.|
|This is a bargain imo. Steady all the way back to 75p in due course|
|Good solid results to meet expectations. Expect this to break 50p today. Good luck|
|If a car is leased through a lease company is that classed as a private registration?|
|12 year record|
|SMMT have published their new car registration figures for the month of Jnauary 2017 this morning.
A total of 174,564 units were registered compared to 169,678 in January 2016.
Within this total figure, private registrations led the growth, registering 76,729 new cars – up 5.0% on January 2016.|
|Relatively robust demand despite all the negative speculation?!|
|My guess - they were all drastically marked down because the good times were seen to be ending yet consumer confidence remains high and borrowing is cheap and BOE forecasts are positive.|
|Sector seems to be turning positive.
VTU, LOOK, MMH all rising.
Any reason for this?|
|Used car market thriving in 2017...
|A few days old but encouraging comment on MF
|What about the end of the PCP merrygoround. When will the dealers stop offering to roll over 3 year deals and instead ask for the balloon payment. This could be happening soon with rising interest rates and weak sterling reducing imports.|
|So the 2016 registration figures are good news again for the motor sector. And even if there is a reduction or flattening off of new registrations in 2017 I don't think that will impact alot on Vertu. Through their acquisition strategy they've increased their % share of the UK new car market over several years. By way of illustration:-
SMMT Total UK New vehicle registrations for the year
VERTU New vehicle sales for their financial year. (2015 are year to Feb 2016 & so on)
2015 79490. 3.02% of above figure
2014 71291. 2.88%
2013 56322. 2.49%
2012 49817. 2.44%
The knock on effect on Aftersales revenue from the above increases has the potential to generate substantial incremental profits IMO.|