Vertu Motors Share Discussion Threads

[woodwards26] 15/7/2024 20:37

Just in general

[wad collector] 15/7/2024 14:20

So who bought the director's wife's shares? Or are you just meaning that in general a share sell will be balanced by a buy?

[woodwards26] 15/7/2024 10:18

The 2 million was significant as to who was on the other side of the transaction plus the market didn't react much

[wad collector] 14/7/2024 22:54

CEO selling 2M shares (of 7.4M) may not mean anything , but another director sold 40k of their 375K holding last week too. Just raises an eyebrow.

[microscope] 28/6/2024 15:07

Over four pages of this horsesh*t. Must have sold a lot of shares this morning :)

Desperate stuff.

[woodwards26] 28/6/2024 14:52

But who was on the other side of the sale

[blackhorse23] 28/6/2024 11:50

Switched to RNK [better change to capital gains] 4 brokers issued strong BUY

[bridggar] 28/6/2024 11:29

New car margins down. Concerns for impact of electric vehicle sales. CEO selling big chunk. What's not to like??

[c_k] 25/6/2024 07:41

Trading update today - FY25 in line with market expectations and taking market share. High margin aftersales provide growth progress after investment in additional technicians. I assume share price will hold steady.

[c_k] 10/6/2024 16:14

Interestingly CAG VEGA 2 made the offer for Marshall Motors. It doesn't look this is significant as the share price hasn't moved. I would agree therefore it looks like tidying up of the books at Constellation Group.

[greyingsurfer] 10/6/2024 16:00

Cinch are showing as now having none. Since both Cinch and Cag Vega 2 are owned by Constellation I think it may just be a book keeping exercise, rather than a purchase.

[buffalobillnuts] 10/6/2024 14:58

Looks like TDR Capital have increased their holding from 9.07% to 9.75%.
JP Morgan have now a 0.49% short, reduced from .058%.

[olliemagern] 23/5/2024 14:44

Business reporter, BBC News
Updated 22 May 2024

Cazoo became popular during the Covid pandemic when restrictions forced car buyers to browse and make their purchases online

Online used car retailer Cazoo has fallen into administration, after cutting hundreds of jobs as part of a big restructuring.

This led to 728 redundancies, administrators Teneo said, after being appointed to try to find a buyer for the business.

One less competitor, that's good news for Vertu.

[buffalobillnuts] 23/5/2024 13:55

FY 2025 85p. PBT will be up substantially too, so they'll be a lower P/E ratio!!!
Plus as an added bonus, a potential offer incoming! Win Win either way as previously mentioned!

[cb7] 23/5/2024 08:01

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.

[davebowler] 22/5/2024 09:20

The Times: Cazoo, the used car business launched by Zoopla entrepreneur Alex Chesterman, has gone into administration only three years after listing in New York at a valuation of $8bn (£6.28bn).

[bridggar] 16/5/2024 15:50

Heading for 52 week high.

[microscope] 15/5/2024 22:22

Yep, brill if an offer comes, but, regardless, quite frankly, a quality company with an incredible balance sheet, producing again and again, and the re-rating, bid or no, is simply a matter of time.

Ooh I almost forgot to mention - and a management with lifetimes between them of experience, that know this business inside out.

[buffalobillnuts] 15/5/2024 17:53

It might not of been ignored, they've just not told us of any offers!!

[jaf111] 15/5/2024 17:04

I don’t disagree but the fact remains that there have been numerous acquisitions of listed car dealers over the past 20 years. There are only 2 left but one of those (CFYN) is family controlled. So why has Vertu been ignored???

[daneswooddynamo] 15/5/2024 16:06

Will be very surprised if we see another annual results statement before they are snaffled. Autonation favourite

[the anarchist] 15/5/2024 16:02

I wouldn't be so sure that nobody wants them. It's an incredibly well run, cash rich, undervalued business. I'm certain there are interested parties watching Vertu very closely. It will only take one of them to show their hand and then they'll all come out of the woodwork.