Vertu Motors Share Discussion Threads

[wad collector] 03/10/2024 21:44

HY on 16th October.

[robmcelf2] 03/10/2024 15:57

Results due Imminently

[microscope] 03/10/2024 14:27

Just think as with so many industries there's a lot of uncertainty as to what direction this government will go.

Not a great believer in politicians affecting share prices in general, but if you'll pardon the pun, the motor industry is at something of a crossroads, particularly with regards to the extent to which the conversion to electrical vehicles will be adopted by a potentially sceptical public.

Budget at end of month might well clarify, at least to an extent, how that and other issues will impact companies like VTU.

Shares are dirt cheap but until the fog clears, slow moving traffic may persist!

[buffalobillnuts] 03/10/2024 12:27

RF earning £1.2 million a year is probably one of the reasons it's not been sold!

[buffalobillnuts] 03/10/2024 10:01

If I was one of the big % holders here, I'd be asking some serious questions. Like how did RF know to sell his shares at 78 and 74p. And why is this share trading so low? All the other listed dealers have been bought, why not this one???

[woodwards26] 03/10/2024 09:45

And it cuts inheritance tax !

[lammylover] 02/10/2024 18:52

All AIM shares are taking a battering. Clearly there are some big holders (funds?) dumping big chunks of shares - presumably running scared, that our dear Chancellor is about to remove the IHT exemption status from AIM shares at the end of the month..

[woodwards26] 02/10/2024 18:26

Looks like a bit of tree shaking

[welsheagle] 01/10/2024 19:08

What is the PE ratio now

[robmcelf2] 27/9/2024 14:15

Surely there is value to be had here?DYOR

[buffalobillnuts] 27/9/2024 13:17

There is a big seller or a big buyer today. Chucks being bought/sold 10, 25, 30, and one 100k.

[jemt0703] 27/9/2024 10:44

VTU looks ripe for a possible bid me thinks - watch this space!

[robmcelf2] 27/9/2024 08:39

Unless they've suspended buy backs for another reason?

[robmcelf2] 27/9/2024 08:38

Vtu must have exhausted their share buy back funds as the last lot were bought for around 70p pr share earlier this month..

[baldy45] 26/9/2024 19:50

Some of this is due to Beaker Millivolt's desire to achieve Net Zero.
VTU is a motor vehicle dealer, the British government is committed to getting ICE vehicles off the roads by 2030. To that end there are targets set as to how many EVs are to be sold as a percentage of total sales per year.
2024, 22% of vehicles sold have to be EVs.
2025, 28% are to be EVs.
2026, 33% are to be EVs.
2027, 38%.
2028, 52%.
2029, 66%.
2030, 100% under Labour commitments.
In July 2024 just 16.8% of new vehicles sold were EVs.
This is ONLY A UK MANDATE.
Manufactures will incur a financial penalty for failing to meet the EV targets of £15K per mom-compliant (ICE) car.
The manufactures will not swallow the fines and will pass it on to the dealerships who in turn will have to charge the consumer more for the ICE vehicles, higher prices for cars means less profit for dealerships due to less people being able to afford a new car.
A new electric Mini is about £42K, the price of a petrol equivalent is about £28K, add the £15K fine to the petrol car and the price rises to £43K.
The fact that "Western" manufacturers are having second thoughts over EVs only leaves the way open for Chinese companies to dominate the electric vehicle markets.
This Youtube channel explains all,

[buffalobillnuts] 26/9/2024 17:43

Atlantic Lithium (ALL) hasn't made a penny in 10 years and has a market cap of £85m. VTU has made give or take 30 million last year, with a NAV of around 72p per share. 2025 target price is 85p. Absolutely baffled by it. Can someone explain it to me? Not to mention RF selling shares at 78 and 74p, someone knew something??

[robmcelf2] 26/9/2024 16:58

Do we think the fall to one year lows is a bit overdone? We need A catalyst to reverse the trend

[wad collector] 11/9/2024 18:11

That TU was broadly in line but acknowledging a weakening market seems to have tipped the balance back down again. All gone a bit volatile.

[niklol] 02/9/2024 12:07

Trading update today

[niklol] 02/9/2024 12:07

Trading update today

[buffalobillnuts] 05/8/2024 11:28

RF selling £1.5 worth of shares at 74p and 78p now looks like smart business!

[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?