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
  -0.65p -1.29% 49.75p 49.60p 49.85p 51.00p 49.05p 51.00p 580,126 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 2,796.1 30.4 6.3 7.9 190.69

Vertu Motors Share Discussion Threads

Showing 1451 to 1475 of 1475 messages
Chat Pages: 59  58  57  56  55  54  53  52  51  50  49  48  Older
DateSubjectAuthorDiscuss
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
09/4/2018
17:14
My whole point is it's pretty easy to increase volumes in any used car market. The majority of dealers are so poor that just reaching a good standard of customer service with better stocks will easily increase profits by huge amounts.Vertu have just become another dealer which was not their aim when first formed.In any other retail business being good would probably see you go bust .
woodwards26
07/4/2018
15:32
But they also depende on the market aswell , if. The new car sales or uses car volume is going down is gonna be pretty hard for them to grow My biggest concern is the crédito bubble in car fianancing , and a big drop in used Cars residual values
lullabite
07/4/2018
09:52
Hi LAs you may have noticed I believe to get a great result in the car business it's a must to have a superbly run used car department. This department is entirely within your own hands even in a market downturn .Vertu I had thought for many years was really good at this but in the last couple of years something has changed. Used displays and marketing not as good as previously .And then in the last year used volumes going down its as if they have lost the recipe to used car success.I no longer hold any shares but at one time motor trade shares were my whole portfolio because it's the only business I understand . I was once thought a fool for having all my savings and a bit more in Ryland during 99 and 2000. When I retired in 2010 I bought as many Lookers and Vertu as I could afford as they impressed me . I occasionally help struggling dealers with my first bit of advice being read Dear James by John Timpson and a few visits later I will get management to visit a couple of great retailers and then ask them if this retailer was running a used car dept how do you think they would set it out ? If you are in the North I use a garden centre Bents as my example and a coffee shop The Hollies . Vertu just haven't got a picture in their head any more it's a shame that the only thing they can think to do is buy back shares rather than aim to be the place everyone goes to for a used car.I waffle sorry
woodwards26
07/4/2018
00:00
What do you mean with Lost their way?
lullabite
06/4/2018
07:41
But last year was a surge due to taxation . But the new car market is not what it's all aboutA typical dealer turning over 15 million is likely to make 100 to 150k an exceptional one around 300 k due mainly to better used car management.That typical dealer will make100k on new200k on used175 k on service50 k on partsSo 525kThen have overheads not expensed within the dept of 375k to 425kSo 100k to 150k dealer profit.The exceptional dealer will be over 300k in used by having another 30 to 50 used in stock ensuring the display is as good as a major retailer like say next would have it . A great sales manager that is paid on profit who focuses on customers as well as stock turn and profit per unit.This will add over 100k to used and around 50k to service and parts from both internal and external sales.Going forward it will add to the customer base to help through any downturn in the market.New car sales are mostly driven by the market and manufactures offers and status with less input from the dealer.New cars have to be maximised with highest possible PCP sales and CSI scores but that's about all the dealer can do . The manufacturer and economic climate is in control.But to make real profit long term higher used stocks and customer focused management makes it a lot easier . Hence my view that they have lost their way in the last couple of years .
woodwards26
05/4/2018
09:43
But the main take away is the 1st fall in 6 years.
r ball
05/4/2018
09:10
SMMT issued their figures for new car registrations for the month of March this morning. Total regns were 474,069 compared to 562,337 in March last year. SMMT CEO commented: "March’s decline is not unexpected given the huge surge in registrations in the same month last year. Despite this, the market itself is relatively high with the underlying factors in terms of consumer choice, finance availability and cost of ownership all highly competitive"
mortimer7
05/4/2018
09:04
Value destruction. I've always favoured a special dividend rather than buy backs which pander to managements vanity and their eps linked bonus.
r ball
05/4/2018
08:33
The share price is totaly artificial. Without share buy backs it would probably be 20 pence.One would have thought they would have been hanging onto spare cash for a rainy day or prehaps they think they can raise more of it later?
my retirement fund
05/4/2018
08:29
New car sales down for 1st time in 6 years by 5.7%. I suspect that the average age of cars on our roads might increase from 7.7. It's 9.3 in Germany, 11.4 in Spain and 9.0 in France. A rebalance would in effect be over a year of lost sales. Expect further market decline.
r ball
28/3/2018
20:35
Really quite desperate here. I reckon that vertu is one of the better run dealers but the market is weak:-Used car values underlining pcp under pressureGovt anti diesel, anti petrol, anti car?Average car ages 2-3 years better than European averageGreater reliability and less technological change means less Reason to change.Avoid. Value trap.
r ball
27/3/2018
20:12
The more I think about this the more I think this buyback of shares is crazy. The money should be invested within the company .But then again what would the share price be if it wasn't being supported by buy backs.I've followed for years since retiring from the motortrade in 2010 everything tells me this is more likely to hit high 20s rather than low 50s unless they expand their used car operation before the buybacks end.
woodwards26
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