Looks especially bad today |
SMMT released figure for total number of new car registrations in the UK for February being 84,054, a 1% fall on Feb '24 total of 84,886.
EV regns still way below Govt mandated target. |
I see they've awarded themselves some shares , which they bought earlier this year for 60-67p. Good allocation of our money and good management being proven! |
I think they are struggling to buy any back without seriously pushing the shareprice back up. |
Buy back is working |
IMV TDR capital have only bought their stake so they are in a position to approve or block any potential takeover, should any acquirer owning vertu potentially threaten their business. I don't think they will acquire vertu themselves.
10% doesn't in and of itself allow them to stop a takeover, but it makes it more difficult as many will insist on acquiring 100%. |
Inchcape maybe or the holding co behind WBAC. |
Halfords ? |
Autonation would be an obvious buyer given they were after Pendragon and supposedly Inchcape’s UK dealerships |
Yes, but by who? |
Can't help but feel that Vertu Is a takeover target at these levels. |
No it will possibly put 3 to 4 million on value of the company . But it may put the company in play as shares are a good buy at anything under 70 |
12 million pounds share buy back will take share price to moon |
Given the recent RNSs, we know who is buying. I wonder who is selling all these shares? |
Significant share buy back plus investment from we-buy-any-car |
And stocking plans on its car stocks |
You have a point. Buybacks will naturally increase their percentage. |
Are they actually buying or has their percentage increased due to the recent buy backs? |
I added yesterday. Being in the industry these certainly look value at this level. Very high chance of an offer too. Let's see what happens... exciting times. |
Could they be building for a takeover? |
Multi billion pound company is buying here |
For anyone unaware Cag Vega 2 is a wholly-owned subsidiary of Constellation Automotive
Group - who own WeBuyAnyCar, CINCH, Marshall Motor Group & BCA.
Share price now back over 50p since the holdings RNS. |
Cag Vega 2 is increasing their holdings |
No time go back to 60p |
Vertu got to be on the shopping list....https://www.motortrader.com/motor-trader-news/automotive-news/foreign-investors-eye-uk-dealer-groups-takeover-targets-10-02-2025 |
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
Hot Features
Premium
