Vertu Motors Share Discussion Threads

[woodwards26] 24/3/2024 16:17

Jan Feb March and usually April since records began used car values have mainly increased around 1% average a month with declines starting in May and continuing the rest of the year with November and December often being around 4%.I kept records of this since 1972 till I retired in 2010 and these seasonal changes didn't vary much except in extreme conditions like the 4 day week etc .For years the clever guys destocked ready to buy from late November til Christmas with that stock making great profits as the year rolled over

[rabiddog] 22/3/2024 13:31

Been putting my car details into webuyanycar for last few months and its value has continued to keep going up. Anecdotal evidence that used car prices have rebound-it’s a diesel crv so suspect it may be a reflection of the anti electric consumer mood ?

[neilunderwood] 20/3/2024 20:50

Cinch are the top shareholder, but only own just over 9%.

[finkie] 20/3/2024 17:56

what percentage have cinch sat on so far here, are they close to 30%?

[robmcelf2] 17/3/2024 12:06

I wonder what it will take for VTU to close the gap on the analysts Target share price of c90p. Takeover noise seems to have quietened down for now, but it's such a well run business that value will out in due course I'm sure! Just a matter of time

[mortimer7] 07/3/2024 11:52

UK New Car registrations total for month of February was 84,886. Last Feb was 74,441.
Increase due entirely to Fleet market sales being up 25%. Private sales down 2.6%.

Expect VTU increased focus on Used market & Aftersales as their Gross Profit for the 3 main elements of the business will revert back to pre 2020 percentage mix.
EG Approximately: Aftersales 40%, Used Vehs 34% New Vehs 26%.

[blackhorse23] 04/3/2024 07:08

New cars sell down

[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;