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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Vertu Motors Plc | LSE:VTU | London | Ordinary Share | GB00B1GK4645 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.20 | -1.82% | 64.60 | 64.50 | 65.10 | 66.00 | 64.50 | 65.00 | 1,604,163 | 16:35:02 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Motor Veh Dealer (used Only) | 4.01B | 25.53M | 0.0749 | 8.61 | 219.8M |
Date | Subject | Author | Discuss |
---|---|---|---|
27/6/2016 10:09 | Great call, well done again. Just looking at some UK cyclicals this AM and some of the drops are jaw dropping. | essentialinvestor | |
27/6/2016 09:45 | EI remember this post ? ....... envirovision - 05 Mar 2015 - 08:17:42 - 717 of 1063 Smicker, just seen your post. No I was suggesting a large holder had simply hedged their position against the then share price, so if the share were or needed to fall someway, they would have locked in their value to their investment. People often do this in advance of fund raising. Just happened on CPX I think. CPX have just announced a massive placing and so I believe someone took out a derivative much higher up to pay for their new shares in the placing, effectively locking in profits (in in CPX case, stopping them from being watered down). Is there any chance of a placing here for further fundraising in the near future? I know they like acquisitions in past. EI thanks for your reply | my retirement fund | |
26/6/2016 20:49 | mrf, nearly got pounded on INCH, well in % terms as it was a very small position. Closed my SL. and INCH trades pre referendum result as did not like how close the polling looked, still expected a Remain win though, we know what happened next. | essentialinvestor | |
26/6/2016 19:55 | Your welcome. For those here who are convinced you can buy value it will probably be a very expensive lesson. You can buy value you have to create it. | my retirement fund | |
26/6/2016 16:16 | my retirement fund- very good call here, you made me think twice so owe you a big thank you. Just noticed the price today. | essentialinvestor | |
17/6/2016 22:16 | No I am afraid you read it wrong. I stated quite clearly that there was to be a bond issue and as a poster had a query about it, I copied and pasted the general facts from a rns dated 8/3 about the Equity raise and the bond issue so he would understand,.Thinking that people would know that the section regarding the equity raise had already been done. And another thing you are wrong about is, the bond issue it is only replacing an element of debt not debt itself. Personally I quite like the idea as hopefully it will turn out cheaper than borrowing from a bank, while still retaining ownership of there commercial property. Hope that clears things up. | ferries5 | |
17/6/2016 19:38 | Granted, ferries, but the paragraph you quote refers to REPLACING (rather than INCREASING) current debt facilities. Not quite the same as your original inference and a much more sensible (secure) method of financing. | grahamburn | |
17/6/2016 15:48 | I agree, if suitable opportunities arise it's certainly still possible that they could still be debt financed. It's pretty clear that they were aware of the Placing on the 8th!!!! | cockerhoop | |
17/6/2016 14:09 | grahamburn. Looked at the two rns,s dated 9th March. I see nothing that says they have abandoned plans for a property backed bond issue. The equity raise and the bond issue are, I think entirely separate . Taken from the bottom half of an rns. 9/3 Borrowing facilities The Group is reviewing its borrowing facilities with a view to utilising the security of its substantial freehold property portfolio to introduce an element of long term debt into its capital structure. The Board considers that the introduction of property backed, fixed interest, long-term debt of up to GBP50 million would enhance shareholder returns, whilst maintaining the Group's strong and conservative balance sheet. This long-term debt, if executed, would replace an element of the Group's current debt facilities. Regards | ferries5 | |
17/6/2016 12:02 | ferries. Your link is to the announcement on the 8 March. Try reading the announcement on 9 March (ie a day later) when the company announced that it had raised the required funds through an equity placing. In short, no likelihood of a bond issue in the foreseeable future. Do try to keep up with events rather than providing mis-information. | grahamburn | |
16/6/2016 15:46 | Oh for f... sake! | darnoc64 | |
16/6/2016 15:09 | gangthorpe Surely more to it than that, It does not warrant a 30% decrease in forecasts. Seball. They are going to issue some sort of Bond. The Board has identified a number of near term acquisitions comprising both premium and volume dealerships which would, if completed, augment existing franchises in key geographies and also add a new manufacturer partner. In order to finance such opportunities and the Group's on-going growth strategy, the Board is considering options to raise further capital for the Group, including a potential equity issue and a review of its borrowing facilities with a view to introducing property backed, fixed interest, long-term debt. Further announcements will be made as appropriate. | ferries5 | |
16/6/2016 14:37 | £50 million loan? They just had a placing. Where does it say they are going to loan £50 mil. Thanks | seball | |
16/6/2016 14:13 | I think they are referring to the seasonal cash flows around new plate months when stock is built up in advance. This can represent a lot of money on their huge turnover. Stocking finance cost 1.2m last year and will be a lot bigger this year with two big acquisitions, so the borrowing in peak months is going to be large. Also the intention to raise a 50milliom loan in the next few weeks may worry the market. Just a few thoughts.dyor | ganthorpe | |
15/6/2016 16:01 | What do they mean by ( capricious working capital flows.) Is that the money they are spending on Building and refurbishment of dealerships. Apoligies for being thick . | ferries5 | |
15/6/2016 12:11 | Broker downgrade maybe reason for selling. Factsheet Vertu Motors PLC Ord 10P (VTU) Panmure Gordon today downgrades its investment rating on Vertu Motors PLC (LON:VTU) to hold (from buy) and cut its price target to 60p (from 87p). Story provided by Stock Market.com | seball | |
15/6/2016 11:20 | Looking to buy here but waiting after brexit vote. | seball | |
15/6/2016 07:33 | nice to see director buy even if only fairly small addition. | manrobert | |
13/6/2016 13:59 | Had a few more at 654.5, very small position. | essentialinvestor | |
13/6/2016 13:49 | EssentialInvestor. Agree, INCH looks good value at its current level (656p). Current year estimates, P/E about 12, dividend 3.3%. 60% of sales are overseas, so Sterling profit is boosted by the weaker pound. Has some baked-in protection, in the event that Brexit happens. (IMO, NAI) | ed 123 | |
13/6/2016 12:42 | LOOK may possibly have hit some sort of low this AM. Yes, but it would appear to have been a temporary low! ;-/ VTU is also moving to a fresh year low. Support in the high 40's? Seems likely that FTSE100 will be under 6,000 by Referendum day. Second and third line stocks doing even worse. | ed 123 | |
10/6/2016 11:35 | Ive added some INCH, first time back in the sector for a number of years. LOOK may possibly have hit some sort of low this AM. | essentialinvestor | |
10/6/2016 09:38 | Triple bottom and bounce or going lower? Trading under 56p. It's at a critical point. | ed 123 |
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