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
  -1.85p -3.79% 47.00p 47.35p 47.45p 49.00p 47.15p 49.00p 446,675 16:35:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 2,822.6 29.8 6.1 7.7 185.22

Vertu Motors Share Discussion Threads

Showing 1401 to 1425 of 1425 messages
Chat Pages: 57  56  55  54  53  52  51  50  49  48  47  46  Older
DateSubjectAuthorDiscuss
11/1/2018
09:02
Good point made in Marshalls RNS today. When comparing Q1 2018 new car regns to last year... "During the first quarter of 2017, the market benefitted from the impact of one-off changes to vehicle excise duties which led to some consumers accelerating purchase decisions to avoid higher excise duties and this will not be repeated in the first quarter of 2018". So I suspect the year on year comparisons, particularly in March 2018 are going to look quite grim for the sector.
mortimer7
09/1/2018
09:40
Goverment needs to give guidance. People are not sure what to buy http://www.independent.co.uk/news/business/news/diesel-uk-market-share-retail-clothing-fashion-drop-aston-university-a8148066.html
ferries5
07/1/2018
15:55
Must add that regulatory environment is sapping confidence and the consumer has somewhat turned against cars..
r ball
07/1/2018
15:36
No companies in this sector are a buy. It's all a bit toxic like pubcos. The PE is cheap but it's a value trap. Arguably we need some normalisation. Given that UK cars are on average 2-3 years younger than European ones this will give you an indication of the potential drop off in sales should PCP and consumer buying falter. I.e. 3 years equivalent of no sales. Obviously sales wouldn't drop to zero but this is the size of the overhang.
r ball
06/1/2018
02:26
I agree but What do you think about the Aftersales Business? Do you think its possible that the customers swtich to specialized companies in Aftersales like repair companies or autopart dealers ? Also What are your thoughts on Cambria automobile?
lullabite
05/1/2018
21:10
@ r_ball My holding in VTU is all part of a balanced portfolio of stocks which includes banks and non UK companies. My only other UK consumer facing share is DC. which I picked up at recent lows.
karadas09
05/1/2018
20:06
I disagree. The risks are too great. I would avoid any exposure to consumer in the U.K. the banks are looking good value though....
r ball
05/1/2018
16:39
@lullabite. I have been on board here since the low 40's last year. Clearly the current market conditions show a reverse for car sales, so the share price is going to be kept under pressure for a few months at least. However, Vertu have been consistently increasing their market share since 2006 and specialise in buying up distressed dealerships and turning them round. They have demonstrated a track record in extracting good value from these deals for shareholders, and challenging market conditions might present more of these opportunities. The management team are strong and have invested in analytics tech that puts them ahead of some old school competitors. Vertu also make the highest profit margin in after sales which gives them a significant hedge against falling new car sales. The longer term picture over 10-20 years regarding electric vehicles (which require less maintenance) and different ownership models does create some uncertainty for me, but I don't see this as an immediate threat. I think trading below book value and with a decent divi, this should be a good 3-5 year hold and then see what the future holds.
karadas09
05/1/2018
10:48
The market has changed a lot since the Vardy days.
r ball
05/1/2018
10:38
Don't quite get your connection, lullabite, as I'd hardly call the rangebound share price "interesting"! IMO, unlike its immediate competitors, Vertu has much more potential upside (and, therefore, less downside) risk due to its business model. Its strength in used cars and aftersales policies does provide a degree of protection in the inevitable downturn.
grahamburn
05/1/2018
10:13
Vertu is getting interesting , share price hasnt moved in months cause brexit fears
lullabite
05/1/2018
09:12
152,473 New cars were registered in the UK for December 2017 as per SMMT figures issued today. This is down 14.4% on December 2016. Full year total regns for 2017 are 2,540,617 compared to 2016 total of 2,692,786 a decline of 5.7% year on year.
mortimer7
05/1/2018
09:07
Avoid. Declining sales and falling residuals willImpact on PCP deals. Possibility of missellling investigation too. The share price has done nothing for a few years.
r ball
28/12/2017
03:25
Also i would like to know , my main concern about this industry is that in if case of a downturn ,are theygonna be able to achieve higher results than before the downturn in a 4 years time period? My Bull thesis is that vertu has a solid balance And he can use the downturn to buy bargains (other autodealers Will be distressed) Also Aftersales And used vehicles are more Stable than new vehicles in a downturn But my bear thesis is that pendragon took like 9 years to achieve higher EPS than he has before the downturn (they had higher debt but still is alarming) lookers Also took way too long to achieve higher earnings per share than It has before the downturn back in 2007 cause they had to issue new shares So the main issue here is if theres a downturn incoming are theygonna be able to achieve higher EPS than before the downturn in a 4 years period time? If so vertu is a great long term investmentWhat are your thoughts on this? Do you guys think that their healthy balance would help them offset the downturn effects?
lullabite
26/12/2017
11:56
I just discovered Cambria cause i was looking vertu motors And i came across with Cambria , i though operating margins were higher in lookers or pendragon cause of econimies of scale but Cambria has higher margins than vertu with lower sales , do you know why? I Also think vertu is a great investment , both management teams are great And both companies have net cash position , kinda hard to pick one
lullabite
21/12/2017
13:22
htTp://www.bbc.co.uk/news/business-42432516 UK car production driven down by fall in domestic demand Once the diesel questions are answered There will be a pent-up demand in the future. Cars are not built to last
ferries5
05/12/2017
13:09
Will Vertu be considering picking up some of the showrooms being offloaded by Pendragon?
grahamburn
05/12/2017
09:09
New Car registration figures for November 2017 out this morning. Down 11.2% compared to last November to 163,541 units. 30.6% drop in diesel registrations following months of confusion and speculation about the government’s air quality plans and its policies towards diesel cars.
mortimer7
06/11/2017
09:15
SMMT figures out today for October UK New car Registrations. Down 12% compared to October 2016, citing low consumer confidence & lack of clarity in government policy on diesels as significant factors.
mortimer7
24/10/2017
09:24
Would tend to agree with Ed, net cash gives some support should trading conditions get tougher- which looks more likely than not. The sector is highly cyclical as we are aware. The rudimentary rule on cyclicals is usually to buy on higher multiples (large earnings declines) and sell on low multiples (sharp earnings recoveries). Big generalisation in the above admittedly.
essentialinvestor
24/10/2017
07:58
MRF. "The simple fact that they have gone on one enormous buying binge right at the very peak of the cycle." Vertu has been raising cash at intervals since its admission to AIM in 2007. See below. Placing in March 2016 raised £35 million at 62.5p per share. Placing in May 2013 raised £50 million at 38p per share. Placing in June 2009 raised £30 million at 30p per share. Placing in March 2007 raised £26 million at 75p per share. It used most of these funds to buy businesses, some of which at times of distress in the industry. Peak cycle buying? Relatively little. At 31 August this year Vertu had £20 million net cash. They have shied away from risk of spending up all their cash, as this is a cyclical sector. Others in the sector have less strong balance sheets. What I don't like is Vertu spending shareholder funds on share buybacks. That money could be useful in the not too distant. Also, there is the sector-wide risk of what Brexit might bring, on top of the current slowdown. I've held Vertu in the past but have been out for some time. Watching.
ed 123
23/10/2017
21:55
The simple fact that they have gone on one enormous buying binge right at the very peak of the cycle.As the music slows down inevitably the piper will have to be paid.It possible shareholders will support them and pay the piper though. If they do that means eyewatering dilution.
my retirement fund
23/10/2017
20:25
Agree that share buybacks obviously help those who want to, to exit. However, talk of possible insolvency further out??? What combination of events do you think might precipitate insolvency here?
ed 123
23/10/2017
16:16
I bet a few people were feeling the gods were smiling on them today by allowing them to exit without being totally mauled.I suppose the question is for Vertu is that without sharholderers support how long can it weather the storm before insolvency comes a knocking?
my retirement fund
20/10/2017
15:57
Just bought in. Thoughts on this share? I remember reading a while back there's a bit in the pipeline over this next year.
britstox
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