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Vertu Motors Share Discussion Threads
Showing 1301 to 1325 of 1325 messages
|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.|
|Indeed and the society of motor manufacturers predict a 5% drop in new car sales for 2017.
Therefore it appears this little AIM listed stinker has been busy buying up dealers left right and centre right at the top of the market.
my retirement fund
|This morning SMMT issued the new car registration figures for December showing a total of 178,022 units which gives a final number for the 2016 year of 2,692,786.
Which is the highest ever number of new cars in a calendar year up 2.3% on 2015.
This represents the fifth consecutive year of growth.
SMMT CEO Commented "Despite 2016’s political and economic uncertainties, the UK’s new car market delivered another record performance as car makers offered an incredible range of innovative and high tech models".|
|Vertu plans Farnell JLR development in Bolton
No mention of costs
|FCA have already announced that all PPI claims end next year (minimal/zero VTU exposure anyway), whilst the PE exit route seems pretty simple - relist the company back on the LSE in 5 years' time at a higher valuation?|
|Agreed it's just a sleepy income earner for now- any expansion will just dilute earnings- they've been doing that for years as I see it|
|Run off of PPI may hit consumer spend|
|No. What is the exit route in 5 years time and what can PE bring to the table?|
|Asset rich, cash generative, plenty of exposure to auto aftermarket/2nd hand sales and cheap. All told VTU sounds like good cannon-fodder for an opportunistic private equity bid?|
|Good last few trading sessions for VTU. Since closing at 41.75p on 21st Dec, share price is now 44.88p. The highest level since early October.|
|Positive UK car production figures may have helped
|Why such hi turnover today?|
|Actual Ex Divi date is this Thursday, 22nd Dec.|
|FYI consensus around 6.1p putting the shares on just under 7x earningsD|
|What's the forecast eps on this one ?|
|Interim of 0.5p payable 22nd Jan 2017. Ex divi around 24th Dec.
Finals June / July 2017|
|Dividend cover is 4.7 so I assume divi next 28th Feb will be comfortably 1.5p giving a yield of 3.5%. maybe more!|
|According to Advfn it is 3.06%|
|Can someone remind me what the dividend is in VTU? It looks rather good value at current levels.|
|buy and sell indicators are notoriously unreliable as the underlying assumption that above mid price must be a buy and below must be a sell is very often wrong. Actual trade direction data isn't available. Draw your own conclusion as to how useful the buy/sell indication is.|
|Every time I have looked at the trade volumes over the last few weeks on ADVFN the 'buys' always seem to be quite a lot larger than the 'sells' vols.
Anyone any idea?|
|Would undoubtedly be true once Quitaly, Helloutandia of here (the netherlands)and others leave the doomed project|