Share Name Share Symbol Market Type Share ISIN Share Description
Vertu Motors 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
  +0.40p +0.79% 50.80p 49.40p 50.80p 51.50p 49.35p 50.80p 300,667 12:05:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 2,796.1 30.4 6.3 8.1 194.72

Vertu Motors Share Discussion Threads

Showing 1476 to 1500 of 1500 messages
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DateSubjectAuthorDiscuss
13/8/2018
22:09
Quite happily ping ponging between 49 and 52 for the last month... which way will it go? And why?
sao1
06/8/2018
09:17
SMMT released the figures for UK new car registrations for July 2018 this morning. Total number of units registered was 163,898 an increase of 1.2% compared to July 2017 total of 161,997.
mortimer7
27/7/2018
14:02
Q&A with Zeus Capital discussing Vertu's AGM statement http://bit.ly/2uTBsz9
astonedt
26/7/2018
15:26
Reasonable AGM statement yesterday concluding with "The Board expects that trading for the year ending 28 February 2019 will be in line with market expectations". Sector will probably be right for more acquisitions, enabling Vertu to cherry pick similarly to how they evolved the business during & since the credit crunch.
mortimer7
05/7/2018
09:12
SMMT released the figures for UK new car registrations for June 2018 this morning. Total number of units registered was 234,945 a decrease of 3.5% compared to June 2017 total of 243,454. The drop off was attributable mainly towards the Fleet Sales sector (down 6.4%), with private regns only down a notional 0.6%.
mortimer7
04/7/2018
12:42
Written Q&A also available - http://bit.ly/2u2YYZ3
astonedt
04/7/2018
11:47
Zeus Capital interview discussing Vertu's recent acquisition of Hughes Group Holdings Ltd http://bit.ly/2tO7VpU
astonedt
02/7/2018
09:24
Acquisition news https://uk.advfn.com/stock-market/london/vertu-motors-VTU/share-news/Vertu-Motors-PLC-Acquisition-of-Hughes-Group-Holdi/77779689
mortimer7
28/6/2018
09:38
No - 30 July.
effortless cool
28/6/2018
09:33
Div pay day tomorrow?
sao1
05/6/2018
09:07
SMMT released the figures for UK new car registrations for May 2018 this morning. Total number of units registered was 192,649 an increase of 3.45 compared to May 2017 total of 186,265. Private demand in the month grew by 10.1%, with more than 83,000 consumers driving home in a new car, and offsetting ongoing declines in the business and fleet sectors, down -9.6% and -0.7% respectively.
mortimer7
31/5/2018
14:25
Why the sudden jump?
sao1
21/5/2018
09:46
Positive piece on Vertu in shares magazine 17th May: "Vertu's shares look really cheap given its very strong asset backing". (@SHARESmag)
mortimer7
09/5/2018
11:21
Some trade press (and analyst) commentary on todays results: hTTps://www.am-online.com/news/dealer-news/2018/05/09/vertu-motors-on-the-front-foot-despite-decline-in-turnover-and-profits?utm_source=dlvr.it&utm_medium=twitter At the same time as reiterating its 'buy' stance on Vertu, Canaccord also chose to up its target price on the firm, saying "There are no material changes to our earnings estimates, but we raise our Target Price from 57p to 66p." "We maintain our view that this is a high-quality asset and management has built solid foundations - financial, strategic and cultural - to deliver long-term earnings growth and cash generation,"
mortimer7
09/5/2018
09:22
Reporting this morning & good to see share price underpinned by tangible net assets per share up 14.9% at 45.4p (2017: 39.5p).
mortimer7
08/5/2018
08:58
To give a little context, the combined figures for March & April registrations: 2017 714,413 Units 2018 641,980 Units Vertu results due on Wednesday 9th May.
mortimer7
04/5/2018
18:13
Yes but last year March was false with changes in Road tax so lots of April purchases brought forward.Although the share price defies my expectations either I am completely wrong or the market knows more . I just don't see this over 50 and believe the buybacks were holding it up but at 50 it's more than buybacks.
woodwards26
04/5/2018
09:16
This morning SMMT have issued their figures for new car registrations for the month of April. Total regns were 167,911 compared to 152,076 in April last year. A total increase of 10.4%.
mortimer7
12/4/2018
13:28
HiI haven't followed Cambria or marshals so would be wrong for me to comment.During my period in the motor trade there has never been a problem of values of proper used cars in fact there has always been a shortage.By proper I mean a car bought new or nearly New and then used for 2 or 3 yrs these cars are sought after even in recession.The last real problem that affected used stocks was caused by what the trade call buybacks . This was created in 1998 with the pain starting in 1999 and taking a couple of years to recover from it and it's knock on effects.What happened was a dealer would supply a car to say a rental company and agree to buy it back 6 to 12months later at an agreed mileage and price.At the time of sale everything was rosy ie new car target hit and lots of bonus money. The problem was that the guys setting the buyback price were influenced by the money for hitting target and set them too high .When they came back they were too dear for two reasons one the value had been set irresponsibly wrong and two there was a drop in used values caused by both the general economic climate and the huge number of these cars available. This is much better handled today but it is that age of car where the risk would lie .The PCP s are well handled with sensible final values and of course return at an age and mileage that is desirable .I would worry more about if people found they couldn't afford the payments whether it be mainstream or other finance institutions. Not because of the cars values more that these people would not get future finance and each one is a coin that doesn't go in our slot machine.I would not be buying any motor trade shares at present though my son has a belief in Tesla but to me that's just a gamble
woodwards26
10/4/2018
16:44
Without the share buybacks this would be sub 20p
anony mous
10/4/2018
11:39
For info: Gross profit in millions £'s for UK listed Motor Dealers, from latest reported accounts. 471.0 490.7 Pendragon (UK Motor Business only). Y/E 31/12/2017 vs 2016 504.1 504.2 Lookers Ditto 258.2 211.9 Marshalls Ditto 72.6 69.6 Cambria. Y/E 31/8/17 vs 2016 159.1 160.8 Vertu. 6 months to 31/8/17 vs 6 months to 31/8/16. Vertu due to report their year to 28/2/18 on 9th May.
mortimer7
10/4/2018
11:18
WoW great info ty A few points : 1. I would also love to know your thoughts on Cambria and Marshall motors aswell 2. If im not wrong the dealership has to handle a residual value Drop in used Cars (inventory impairments were made during the 2007 recession ) And the oem(bmw , mercedes etc)has to deal with morosity Risk in the pcp contract right?3. What i told you i was worried about is the subprime lending in car loans , And also it seems a Big amount of used cars are entering the market (which can drive the residual values of used Cars down ) that Will led to either impairments in used Cars inventory or a reduction in margins 4. Im not sure that vertu Lost their way , i think is still early to tell , Marshall motors for example seems to be growing despite market conditions but Cambria which in my opinion is a very well managed dealership has been slightly affected by the market downturn Thanks for your outstanding info , i would love to read a Deep. Dealership Analysis written by you , also thanks for the book recommendation i Will definetely check It out
lullabite
10/4/2018
09:54
Thanks for your contributions, w26. It is very useful to get insights from some one with a deep understanding of the car dealership business. Apologies for going off topic on a VTU thread, but do you have any views on CAMB?
effortless cool
09/4/2018
18:44
A bit more in my fave subject !Think of car dealerships like a slot machineFirst a car is registered that creates the volume reported .These registered cars go about half to retail and half to fleets.within fleet will be rental and cars returned at around and under a year.The whole of these become used cars so forming a huge used car market. After being registered and with the end user the aftersales department get a spend of conservatively around £ 500 plus over the next 3 yrsThe rental/ short term use cars return to manufactures and then into dealer stocks creating nearly new stock for dealers to offer big savings against new. And of course they replace the fleet with more new so another coin in the slot machine and more service work for aftersales for 2 to 3 yrs.After 2 to 3 yrs the new retail customers change their cars usually for another new one . So another coin in the top of the machine and a great used car for the used car dept.The used car dept is the place all cars end up in at the end of the process and could easily pass through it at 1 yr, 3yr , 5yr old and possibly 7 yr old though most dealers have a policy to auction/ trade these.So to me any dealer selling under 3 to 1 used to new just isn't selling enough used. Of course manufactures want this at 2 to 1 or less
woodwards26
09/4/2018
17:37
On financing yes most retail cars are bought on a finance agreement usually a personal contract purchase (pcp)In these agreements the customer has the option at the end of the agreement 1 to return the car, 2 pay the guaranteed future value ( gfv) and keep the car. 3 enter into a new agreement using the difference between part exchange value and gfv to pay a deposit on a new contract.The manufacturer or its finance company take the risk that the market value of the car will be above the gfv.At present hardly anyone hands the car back because the gfv is set fairly low so it would need a big drop in used values for this to happen. Most of the press reports on this bubble don't know how a pcp works so the scaremongering.To my mind the biggest criteria to measure any company by is the management everything else can be overcome . Do read John Timpson I'm sure it will fascinate you
woodwards26
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