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VTU Vertu Motors Plc

0.90 (1.14%)
23 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Vertu Motors Plc VTU London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.90 1.14% 79.80 16:35:26
Open Price Low Price High Price Close Price Previous Close
81.00 79.10 81.00 79.80 78.90
more quote information »
Industry Sector

Vertu Motors VTU Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date

Top Dividend Posts

Top Posts
Posted at 23/5/2024 08:01 by cb7
I've sold out these past few days. The RSI was around 77, and it sits on a pe of 10 and 9 for this year. Takeovers have happened around pe of 9, like PDG - which also had no debt, so I think VTU is fully valued. Although someone may pay premium due to being last sizeable listed dealer. A well run company - managed last autumns second hand value slide very well and heartened by their asset sales, which are always above NAV, so the 70.5 TNAV may well be conservative. However retail sales are poor, along with EV issues, plus margins are reduced, so decided to move on.
Posted at 24/4/2024 08:24 by c_k
Agreed. With 20 dealerships in Ireland they are much smaller than VTU so I can only see their stake as an investment.
Posted at 15/4/2024 08:29 by daneswooddynamo
Quite surprised it was Group 1 as they seemed to be throttling back in q1 with some lay offs across their sites. Anyway Autonation still very much on the outside as far as the UK is concerned and versus their US competitors, if they want to enter vtu remains the obvious choice
Posted at 15/4/2024 08:12 by c_k
Group 1 Automotive of the US is the winning bidder for Inchcape's UK retailer business. I thought that AutoNation would be the likely winner. As there are likely to have been other bidders which will have carried out due diligence on Inchcape and have assessed the UK market will any of them now look at VTU as the only listed car dealership that hasn't been acquired?
Posted at 01/4/2024 15:07 by daneswooddynamo
I think Hedin is now focused on the smaller piecemeal acquisition strategy. Every chance if Autonation does go for Inchcape’s UK ops they add vtu in due course. Lithia has spent over 700m buying up Jardine and Pendragon retail. In any event it seems highly unlikely that vtu remains the sole quoted UK car dealer of scale
Posted at 26/3/2024 08:51 by davebowler
....In our view, Vertu’s P/E multiples are far from challenging for a business that has shown itself able to grow across the cycle and to generate cash. We also note that the forecasts do not include acquisitions even though it might be reasonable to expect more than the handful of sites added every year that the forecasts assume. Although not all acquisitions will necessarily be earnings enhancing in their first year. The market might appear too pessimistic on the short-term prospects and to be drawing only the easy negative conclusions regarding the structural and technical challenges and opportunities that face the automotive market over the medium term. Given management’s focus on assets, it is natural to also look to Vertu’s asset value as an indicator of value per share. The shares currently stand at a discount to Vertu’s net tangible asset per share. On our estimates, the expected FY24 year-end net tangible asset per share is 70.5p, building to 80.8p at the end of FY25. We also forecast 1.9p of dividend payable for FY24.
Posted at 17/3/2024 12:06 by robmcelf2
I wonder what it will take for VTU to close the gap on the analysts Target share price of c90p. Takeover noise seems to have quietened down for now, but it's such a well run business that value will out in due course I'm sure! Just a matter of time
Posted at 07/3/2024 11:52 by mortimer7
UK New Car registrations total for month of February was 84,886. Last Feb was 74,441.
Increase due entirely to Fleet market sales being up 25%. Private sales down 2.6%.

Expect VTU increased focus on Used market & Aftersales as their Gross Profit for the 3 main elements of the business will revert back to pre 2020 percentage mix.
EG Approximately: Aftersales 40%, Used Vehs 34% New Vehs 26%.
Posted at 05/2/2024 17:30 by riverman77
Why do you think a bid now unlikely? I find it hard to believe acquirers are so short term, and would be put off by some short term weakness, which I'm sure they have seen many times before. On the other hand, bids have come in for all the other dealers over last few years and for whatever reason no one appears interested in VTU
Posted at 16/1/2024 14:12 by buffalobillnuts
It's JPMorgan Asset Management, who have a 0.75% short on vtu. I think that is what is holding the share price back. I'm really not sure why they'd think shorting vtu at 67p ish is a good idea! But, Its helping TDR to buy cheap.

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