Vertu Motors Dividends - VTU

Vertu Motors Dividends - VTU

Best deals to access real time data!
Level 2 Basic
Monthly Subscription
for only
Monthly Subscription
for only
UK/US Silver
Monthly Subscription
for only
VAT not included
Stock Name Stock Symbol Market Stock Type
Vertu Motors Plc VTU London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-0.80 -1.3% 60.80 16:01:13
Open Price Low Price High Price Close Price Previous Close
60.00 60.00 62.40 61.60
more quote information »
Industry Sector

Vertu Motors VTU Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

1nf3rn0: A mention in Shares mag today"Robert Forrester-steered Vertu Motors (VTU:AIM) has positive forecast momentum and a strong balance sheet with at least £90 million of firepower to execute on a strong acquisitions pipeline. It is also well-equipped to fend off online-only challengers given its ongoing investments in winning digital capabilities. Buying back shares and returned to the dividend list, Vertu is now guiding to pre-tax profit of at least £65 million for the year to February 2022. Liberum notes the company has freehold property backing of £229.4 million, net cash of £57.3 million and tangible net assets of £222.6 million or 61.5p a share, meaning the trading business is effectively in for free at current levels."
microscope: Difference for me here is that VTU chart is on the very point of a breakout, other two (Lookers and Pendragon, both stocks which I do have on my shortlist) appear to be marking time for now.If you believe in a chart's importance, that is. For what it's worth, I'm a convert these days into recognizing that it works more often than not.
tole: dirt-cheap penny stocks to buy nowHarshil Patel | Thursday, 14th October, 2021 | More on: VTU XPDYoung Woman Drives Car With Dog in Back Seat Image source: Getty ImagesBusiness is booming for some companies right now. In particular, car retailers and logistics companies are reporting soaring sales. There are several penny stocks in these sectors that I'd consider buying right now. Let's take a look.Penny stocks in the driving seatUsed car sales are driving much of the growth for car retailers. So why is there so much demand for used cars right now? Well, a pandemic-related shortage of semiconductors is having a knock-on effect that's causing delays in new car production.Fewer new cars, and a limited supply of used cars is a recipe for keeping car prices elevated. This is resulting in car retailers like Vertu Motors (LSE:VTU) reporting "record profitability". I'd say Vertu is one of the cheapest penny stocks available right now. Not only is it delivering a record trading performance, but it also has what I'd call a bullet-proof balance sheet. Having plenty of freehold property gives Vertu a decent margin of safety too, in my opinion.The boom in profits could continue for now as the market conditions remain favourable. However, bear in mind that shortages are unlikely to last forever. At some point, things will normalise. And so might Vertu's profits. Also, as in many industries right now, wage costs are rising. Vertu isn't immune to these cost pressures so it's something I'd keep an eye on.Overall, the management team are experienced and look like they can navigate any challenges. I'd buy this penny stock today and park it in my Stocks and Shares ISA.Another one to look atFor similar reasons to liking Vertu Motors, I also like Lookers. This British motor retail company recently reported strong trading too. It now expects "underlying profit before tax for 2021 to be materially ahead of its previous expectations". I like the sound of that.As interest in electric vehicles continues to grow, Lookers seems well-positioned to benefit. That said, uncertainty remains regarding the supply of new vehicles. And like Vertu, the boom in used car sales should return to normal levels one day. But overall, I like Lookers and would consider buying the shares.
tomps2: Vertu (VTU) H1 full presentation by CEO & CFO Video: Https:// Podcast: Https:// Vertu CEO Robert Forrester, and CFO, Karen Anderson present interim results for the period ended 31st August 2021. Record results with profit before tax of £51.8m due to the favourable used vehicle market conditions and outperforming market trends. For the full year, they guide ahead of expectations with adjusted profit before tax of no less than £65m (previously £50-55m), the highest ever. A comprehensive presentation with full details on all business areas and the strategy going forward.
tole: top pick for a share that could do well next month is car dealership Vertu Motors (LSE: VTU). There are several factors combining to make me think that October could be a good month for the stock.A top UK shareThe shares are cheap and have got even cheaper. September was not particularly kind to the Vertu Motors share price. That decline potentially lays the groundwork for a bounce-back in October. On a P/E of six and with much of its value backed by physical property, there could be a good margin of safety with this share.The industry is experiencing exceptional prices, which is a potential ongoing opportunity as semiconductors needed for new cars remain in short supply. This is boosting second hand car values and therefore car dealers like Vertu.According to broker Liberum, sales at Vertu will go from £2.55bn this year to £3.90bn by 2023. That to me looks like very solid top line growth for such a cheap company. The company will also move from a net debt to a net cash position in those years.The group's property, according to the analysts at Liberum, is worth 61p a share. The analysis has an 80p target price. With the shares trading at the time of writing at about 52p, that's a pretty comfortable margin of safety, I feel. I like the management team too. The CEO has been with the company since it was formed. He, along with the chief financial officer (CFO), knows the business and the market inside out and both are well placed to handle the risks facing the car dealership business.On the downside, the market could continue to punish the shares because it sees the company as being in a market in long-term decline. Operating margins are also very slim, leaving relatively little room for error if costs increase.Also, returns on capital aren't particularly high, so compared to other industries this isn't an obviously massively profitable market. Yet Vertu itself is consistently profitable. That's why I may add to my holding.
tole: 'bargain' penny stock to buy in SeptemberStuart Blair | Monday, 23rd August, 2021 | More on: VTUA pile of British one penny coins on a white background. Image source: Getty ImagesOver the past year, the Vertu Motors (LSE: VTU) share price has been able to double due to the second-hand car dealership's strong recovery. But at 51p, I believe that this penny stock is still undervalued, especially after its recent trading update. Here are the reasons why I might buy in September.Trading updateLast week, it was revealed that the company expects to make full-year pre-tax profit of £50m-£55m, up from previous expectations of £40m-£45m. This is due to increased demand, especially as the global semiconductor shortage has been hindering the production of new cars. As such, many customers have turned to second-hand cars, and Vertu has seen the benefits of this. The reluctance of some to use public transport due to the pandemic has also been beneficial for the company.The strong performance has allowed the car dealership to launch a £3m share buyback programme. This decision has been prompted by the fact that the board believe "the share price of the company ... [is] at a discount to the tangible net asset value". This is a major indication that this penny stock is underpriced. The Vertu share price also rose 8% as a result. Dividend payments are set to resume as well, and if they equal 2019 levels, shareholders can expect a yield of over 3%. Accordingly, shareholder returns look extremely strong, and this is one factor tempting me.The risksDespite the fact I feel that Vertu is underpriced, there are still risks that require consideration. Indeed, while the current semiconductor shortage may be a short-term benefit to profits, it also means that used vehicle supply may be restricted in the coming months. This would likely damage profits in the future, and the current strong performance may be a one-off.There is also a large amount of competition in the market. One example is Cazoo, which is going public through a SPAC (special purpose acquisition company) this Friday. Cazoo operates solely online, and vehicles are delivered straight to the customers' door. This bypasses the need for expensive showrooms, which strain profit margins. As such, there may be a view that Vertu is old-fashioned, and is not adapting quickly enough. This means it could get left behind.Why would I still buy this penny stock?Despite these fears, I still believe Vertu is deeply undervalued. In fact, in its launch, Cazoo is going to be valued at £6bn, while Vertu is only valued at a meagre £188m. This is despite the current unprofitability of Cazoo.To further demonstrate the company's undervaluation, I must also point out that it has a price-to-earnings ratio of far below 10, and a price-to-book ratio of just 0.7. Both of these multiples are well below the market average, implying that the stock has plenty of room to rise. It's therefore no surprise that the board is looking to buy back shares. This is why I am willing to overlook the negatives in this company and may buy some shares in September.
ih_761262: Have you listened to the CEO's comment on H2 yesterday? From Twitter (incl. video): "Oh we are very busy .. very very busy. Our booking levels are very very strong” CEO of #VertuMotors #VTU $VTU -Investors presentation, 19 Aug 2021 "
tomps2: Vertu Motors (VTU) Investor Presentation August 2021 Robert Forrester, CEO & Karen Anderson, CFO present the company, the financials, the current market dynamics and the outlook, followed by an extensive Q&A with no questions unanswered. Straight, direct and informative. Watch the video here: Https:// Or listen to the podcast here: Https://
tole: Head: Vertu MotorsCar dealership group Vertu Motors (LSE: VTU) is one of the UK's largest motor retailers, with brands including Bristol Street Motors. Vertu says that demand for used cars is "exceptional" at the moment. The latest update from the company revealed strong trading and triggered an upgrade to profit forecasts.The main risk flagged by the company is that the global chip shortage will cause delays to new car deliveries. However, Vertu's share price is covered by the value of the group's property portfolio, and the business currently trades on just seven times forecast earnings. Brokers are also forecasting a useful 3.6% dividend yield this year.In my view, Vertu looks like a good, cheap, small-cap stock. I recently added the shares to my portfolio.
tole: growthLet's talk about Vertu Motors (LSE:VTU). It produced revenue of £2.5bn last year, and yet has a market cap of only £171m. It also just upgraded its profit forecast to £30m for 2021 thanks to an "exceptional used car market". Vertu operates a network of car dealerships across the country and added 30 new outlets over the past year and a half.A forward P/E of 7 makes these extremely cheap UK shares. Operating profit growth jumped 92% in the last 12 months. The shares are up about 50% in that time, but I think there's a lot further to go. Earnings are expected to jump another 24% next year and Vertu shares are slated for a tidy 3.3% dividend yield. P/FCF is just 2.9. Covid-19 remains a risk, and the global shortage of semiconductors could hurt new car production.
ADVFN Advertorial
Your Recent History
Vertu Moto..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20211130 16:17:21