Vertu Motors Share Discussion Threads

[buffalobillnuts] 13/2/2024 08:29

Was I a day too early or have I got it wrong again? Can't see any RNS about buy backs continuing yesterday?

[buffalobillnuts] 12/2/2024 10:59

Yes, you're right. My mistake. Still not showing on my Hargreaves Lansdown account and other places too!

[daneswooddynamo] 12/2/2024 09:43

? I am just going off todays rns at 7am!

[buffalobillnuts] 12/2/2024 09:38

You must be able to get the information before anyone else then! as I can't see it yet.

[daneswooddynamo] 12/2/2024 09:24

Todays announcement is what was purchased n Friday

[buffalobillnuts] 12/2/2024 09:18

Not Friday!!! RNS is released next working day of trading.

[daneswooddynamo] 12/2/2024 09:07

Last week they bought back Tuesday, Wednesday, Thursday, Friday

[buffalobillnuts] 12/2/2024 08:14

Looks like the CEO Robert Forrester is playing games with everyone. Calls a profit warning and the share drops, next day starts the buy back for 2 days then stops. Again last week, starts the buy back, then stops. What message is he trying to send out to the markets?? Always been a fan, but I'm now starting to loose my enthusiasm for RF!

[c_k] 09/2/2024 08:04

Good to see the buybacks have commenced again after a long gap. This has re-assured me a little that another profit warning is not imminent.

[riverman77] 06/2/2024 15:34

A few months then - I'd say that's pretty short term. When these companies get bid for acquirers will be looking at potential earnings over the next several years, and will be certainly very used to volatility in the used car prices. Cinch have been increasing their holding throughout this period of retail weakness (until as recently as January) which suggests they're not overly concerned about this.

[bridggar] 06/2/2024 11:25

Short term? This retail cliff fall started in September.

[riverman77] 05/2/2024 17:30

Why do you think a bid now unlikely? I find it hard to believe acquirers are so short term, and would be put off by some short term weakness, which I'm sure they have seen many times before. On the other hand, bids have come in for all the other dealers over last few years and for whatever reason no one appears interested in VTU

[bridggar] 05/2/2024 17:11

Not sure the industry is sharing stats right now (aside from smmt banging on about BEV sales). Fleet can only buy so much right now given business confidence. Retail is still in the toilet as everyone knows. Bid? Increasingly unlikely.

[buffalobillnuts] 05/2/2024 16:24

You clearly don't know what's happening in the industry right now do you?
This time last year the share price was 62.8p. They have an extra £40 million in the bank. Show me some facts to back up your claim?

[my retirement fund] 05/2/2024 15:58

There's probably at least two more profit warnings ahead here. The shareprice nearly slipped below 30 pence if I remember upon the pandemic and see no reason that won't be seen again, unless, of course it finances are overstated, which case it could be curtains.

[buffalobillnuts] 05/2/2024 15:48

JP Morgan's short is paying off, But how would they know????
I remember PDG doing this, just before the offer came in, who knows?
Should see some bad news to justify the drop tomorrow or Wednesday.

[jaf111] 05/2/2024 12:48

How much lower is VTY going???? Looks like 60 beckoning…R30;

[mortimer7] 05/2/2024 10:42

UK New car registration figures for month of January released today by SMMT.
Total of 142,876, beating last January total of 131,994 by 8.2%.

Private retail registrations are down 15.8% as Fleet sales drive all growth in the month, up 29.9% on last January.

SMMT report the latest 2024 outlook for the new car market estimates a total overall volume of 1.974 million units, which is a 4,000 unit increase on the October estimate.

[riverman77] 29/1/2024 16:44

Wouldn't rule it out. VTU's strategy seems to be to grow through acquisition as a form of defence - in other words the bigger and more complex they get, the less desirable they become for potential bidders.

[c_k] 29/1/2024 16:38

Rumours are circulating Inchcape are sounding out buyers for their UK car dealerships. Vertu are not the only option for an investor. https://news.sky.com/story/amp/inchcape-invites-suitors-to-drive-off-with-uk-retail-arm-13059303 . 70 dealerships versus Vertu's 190. Hopefully Vertu don't consider buying Inchcape.

[riverman77] 26/1/2024 20:10

The fact that all the other listed car dealers have been acquired at far higher valuations than VTU suggests this remains very cheap (it is also fully asset backed). The various acquirers will know the industry better than anyone else so I think I'll trust their judgement rather than the Tempus journalist. Also, I think there is more than the prospect of getting taken over - Cinch have been increasing their stake on an almost weekly basis and now up to 9%.

[buffalobillnuts] 26/1/2024 17:53

The sun was shining first thing and it was quite a warm day. I decided to put £15 pounds worth of fuel in my car. Picked my nose, but decided not to eat it. I could write a few more paragraphs but it'll just be boring drivel!

[grahamburn] 26/1/2024 15:48

Surprisingly negative "Avoid" recommendation in Tempus column in Times today:



A few key paragraphs:

Until recently, business was booming. Used cars selling for crazy money and a string of acquisitions led revenues to rocket. That, and speculation that Vertu could get taken over, like its peers, encouraged investors to jump on board and the shares to rally. Now the tables have turned. Supply shortages have gone away and the ugly side of car dealership companies is becoming apparent again.

The challenges are numerous. Prices are tumbling as the market is flooded with vehicles and the economic environment and general uncertainty make consumers hesitant or unable to buy them. And operating costs are rising, partly because of an increase in wages.

...................

Vertu’s valuation dipped since the profit warning but arguably not enough to reflect all the challenges faced. In a period of deep uncertainty, the shares trade at just under eight times forecast earnings, which is close to the top of their historic range.

Perhaps the prospect of getting taken over is propping up the shares. The next wave of bad news could convince investors to put those thoughts aside and trigger a much more severe reaction.

[robmcelf2] 17/1/2024 19:43

Positive Article on Vertu https://masterinvestor.co.uk/latest/small-cap-catch-up-vertu-motors-and-mpac-group/amp/

[davebowler] 17/1/2024 16:56

Oakley goes into the sector-