Vertu Motors Share Discussion Threads

[manrobert] 08/6/2016 07:30

I have been a fan of caffyns for many years and have held several times.as you say large asset value that they continue to hide from accounts.i am sure they will have their day in the son before too long.

[cockerhoop] 07/6/2016 19:17

Ed123,

I would much prefer Vertu to issue shares than increase debt (as Marshalls have recently done) as the balance sheet will look much better in the event of a downturn. Their reason for listing was as an industry consolidator so you can't really complain when they do what they say they're going to. Further acquisitions will be announced shortly to utilise the remaining funds raised.

Major consolidation appears to be occurring in the sector with manufacturers forcing smaller and unfavoured franchises to sell dealerships to the major or favoured players to reduce competition on a regional basis IMO(see CFYN recently and also Lookers were also forced sellers of a couple of dealerships).

PDG have taken a different approach and initiated a share buyback to increase EPS rather than chasing acquisitions.

Time will tell who has the best approach.

[essentialinvestor] 07/6/2016 19:12

LOOK also out of he MCX.

[ed 123] 07/6/2016 18:56

Yes. Some take part in private placings as short-term punts. If the price dips post issue, it's just a risk they take. The true short-termers sell and recover what's left for their next punt.

All the motor traders are weak atm. Blackrock have been selling Lookers, for example.

As for Vertu, I'm not a holder but, if I were, I'd prefer to see them grow eps by developing what they have. I wouldn't like them issuing new shares to buy garages at a boom time. If a downturn should come ...

[manrobert] 07/6/2016 15:25

surely they will be losing on their 62 buy price/

[ed 123] 07/6/2016 15:16

Some of the placing shares are looking for a more permanent home.

[manrobert] 07/6/2016 14:56

god knows what is going with this share,another 700000 shares bt and still price is down.

[manrobert] 06/6/2016 10:07

strange price action.buying of last two days not reflected in share price.

[mortimer7] 06/6/2016 09:36

SMMT released their new car registration figures for the month of May this morning:
New car market increased 2.5% in May. 203,585 vehicles registered.
May’s highest total since 2002.
YTD 1,164,870 cars have now been registered in 2016, 4.1% ahead of last year.

So the motor retail sector seems to be largely unaffected by the "emissions scandal" and brexit. Just hope the VTU share price starts to reflect this soon.

[manrobert] 03/6/2016 09:08

you may be right.buys now past 200k.

[investordave] 03/6/2016 08:47

But no increase in the share price Big sell being soaked up maybe?

[manrobert] 03/6/2016 08:25

buying continuing this morning so far.

[alter ego] 02/6/2016 16:42

shame the Questor tip headline said Vertu Homes - although the rest of the piece did get it right.

[eggbaconandbubble] 02/6/2016 07:39

just out of interest beckaroo - how do you get the Telegraph by 11pm? My on line copy comes at about 2 or 3 am!

[beckaroo] 01/6/2016 23:04

It's down as a buy by Questor in the telegraph

[alter ego] 01/6/2016 22:41

Or use this slightly shorter url

[ferries5] 01/6/2016 21:33

Looks a modern and tidy Site

[cockerhoop] 01/6/2016 11:37

Now you're back from your cruise, perhaps you could sort the new cheap site for PRES out, as you said there's loads around :-)

[cockerhoop] 01/6/2016 10:19

Thanks for clarifying, I do think though that VTU raised the current funding with specific acquisitions in mind. I'm sure the remaining money will be spent within the next 5-6 weeks.