Vertu Motors Share Discussion Threads

[petersinthemarket] 28/2/2014 11:00

cashstrapped – I will attempt to answer your query but I do not suggest that you follow my route. We are each willing to accept markedly different levels of risk. For myself, I built up a trading fund over several years which I intended would eventually help to support my retirement. In short, it was not cash that was needed for day to day living. I have been into some excellent stocks (eg: tht, itv) but the general market has become very toppy and unpredictable and I have sold out of most of them. In fact I had adopted a rigid approach of Sell on the News (actually, usually the day before) as even good results appeared to be met by an share price fall. If wrong I can always buy back in. I now only hold a few high risk stocks that will either make a lot of money or sink like a rock on any really bad news (eg: bes, hhr, qpp, sty). There are others which look good to me, but I have not yet made up my mind about an entry point (eg: cnks, eck, rnwh, see). It may also be of interest to remember that we are getting very close to Sell in May time. In fact the general market sometimes slackens some weeks before May and stays slack until around October. I find share picking much more difficult during the Spring and Summer months but will stick with my high risk stocks for the foreseeable future.
GL, pete

[cashstrapped] 27/2/2014 19:18

Petersin - do you mind me asking which sectors you are now moving into? I agree with you that it is time to take some profits here and PDG.

TIA

CS

[sjc] 25/2/2014 11:56

nice chart up 10p down 5p up 10p down 5p up 10p down 5p then rns ? channel looks safe with ma sup imo.

[mortimer7] 21/2/2014 14:25

Two large trades just gone thro' 298k & 233k. Interesting!

[mortimer7] 21/2/2014 14:23

Good intraday turnround : down to 60p earlier, now rallied to 61.75p.
Wonder if there'll be a pre close trading update next Friday or 3rd March.

[petersinthemarket] 20/2/2014 15:37

Around 61p was the most obvious level for a stop. You might find that many others had similar stops. The mm's can see all fixed stops on the books and it's in their interest to use poor sector sentiment to walk it down just past that level. They don't care whether volume comes about from buying or from forced sales when stops trigger. Volume is turnover and turnover means margin.
I'm no longer in and have put my capital elsewhere, but the chart may be turning up again and if I had been thinking of buying this looks as good a moment as any. NAI. DYOR. best of luck to all holders. pete

[bradders190] 19/2/2014 20:29

Got stopped out today at 61, results March will see how it plays out in the morning then get back in all looks good to me.

[mortimer7] 19/2/2014 18:15

A bad day for the share price down 5%. If we're prepared to attribute that to yesterdays PDG results effect:- PDG recovered virtually all yesterdays losses today.(up 4.6%).
So, what chances VTU mirroring & recovering tomorrow?
Looks as if today there were no large sellers & in fact total buys were above sells, so the suggestion is MM's have walked this down.
Might even attract some day trading tomorrow.

[mortimer7] 19/2/2014 16:30

So it seems there has been crossover from Pendragon (PDG) results.
Which is understandable, but disappointing.
PDG are the biggest motor retailer. However whilst the revenue streams of the top retailers in the sector will broadly follow the same pattern the balance sheets of VTU & PDG are interesting to me.
Specifically:
Goodwill as stated on PDGs results is 365.4mill vs net assets of 305.2. So well over 100%. VTU Goodwill is only about 25% of net assets on their 6 months results to 31Aug.
Indisputably a far more comfortable position for VTU & less susceptibility to trading swings. I can understand if people close their position on PDG (I haven't), but certainly I won't be selling VTU for the foreseeable.

[sjc] 19/2/2014 15:26

MMs got to make a living. Pre close T/S due, have to expect a little shaking to frighten holders out.U either believe or no, imo.

[petersinthemarket] 18/2/2014 20:34

Hope you are right about crossover Woracle, but personally I doubt it. There has been so much news flow in the general press about improving car sales that expectations have been raised, perhaps even to an unrealistic level. Materially ahead of expectations is what PDG said. Steady as she goes is what we got. Not bad at all, but not what they implied would happen. Part of the problem is that any level of forward progress in car sales has tended to raise expectations after the flatter years that preceded the last financial year. I suspect that there will be a rational or irrational read-across to other car suppliers. If that becomes true then it will not help VTU. Take a look at the last one or two years of VTU share price charts and you will see that the company already has a great propensity to trading sideways. I feel that the trend over the next few months may be similar. I sincerely hope I am wrong, but there it is. I have today sold out of PDG and VTU as I feel there is more profit to be made in other sectors.
GL all, pete

[woracle] 18/2/2014 15:55

Only reason PDG wasnt received well was the market expected well ahead of convensus EPS, but it fell short. Bad expectation management never goes down well with the city casino. PDG specific, no crossover at all.

[smicker] 18/2/2014 15:01

Peter,
The figures look great to me with debt coming down massively by 77m and the divi increased by 300%, Underlying profit before tax up 21%. I'm not sure what you are hoping for here but i'd take these figures any day

[petersinthemarket] 18/2/2014 14:27

I assume everyone has now seen what has happened over at PDG - the UK's largest franchised car dealer - I hope there is no crossover to VTU. GL all, pete

[mortimer7] 11/2/2014 11:02

Commentary from AM Online this morning:

"Dealers achieve record profitability and outlook 'rosy' says ASE"

The outlook for 2014 looks rosy, with no let up in the growth in registration levels and the desire of the brands to drive the UK vehicle parc.
This should improve overall vehicle sales profits, even if we see a fall in the return on sales percentage as manufacturers increase volume targets.
In addition we should see some growth in aftersales performance as a result of the increased vehicle parc of under three year old vehicles

[hastings] 11/2/2014 08:16

May interest others taking a look.

[the juggler] 10/2/2014 18:08

Selftrade computer gone crazy! Offer 65.5 v Bid 65 is what I see everywhere else.

[petersinthemarket] 10/2/2014 17:37

According to Selftrade, closing spread tonight is Bid 55.0 Ask 67.0 !
What does that indicate? Answers on a postcard pls. pete

[mortimer7] 06/2/2014 09:15

SMMT New car registrations data for January 2014 issued today. Regns up 7.6% on previous year continuing the confidence from 2013. 154,562 new cars registered.

[petersinthemarket] 03/2/2014 16:02

Previous Hi 65.88p, so bkt still looking a bit tentative.
''full year significantly ahead''
Four weeks to results.
Staying hopeful. GL, pete

[sjc] 03/2/2014 14:56

TRYING TO BREAK OUT AGAIN, TRADING UPDATE 1/3 LY

[mortimer7] 31/1/2014 16:26

AM Online reporting another acquisition. Not RNS'd yet:
"AM understands it (VTU) has today taken over the Harratts Nissan dealership in Sheffield's Attercliffe Road, which will be rebranded as Bristol Street Motors."

[petersinthemarket] 30/1/2014 18:20

SP seems to have stalled temporarily; keeps hitting its head on the 65/66 mark. Not sure whether the following is significant but if you take a gander at the long term chart you will note that this is the same place that the share price got stuck on its way down when it was falling around the end of 2007. Perhaps of more interest is that prior to that it had been at around 100p so there is still plenty of scope for further share price progress and the car market is currently very strong. Based on last years interims we should see results in about four weeks sometime around 27 February.

[petersinthemarket] 29/1/2014 15:48

Anyone notice that odd spike around quarter past three this afternoon? Was that ADVFN chart noise or did it really do that? pete

[mortimer7] 22/1/2014 12:17

Another positive, sourced from MotorTrade News.com
"Vertu Motors PLC have announced their job creation figures for 2013. In total the group have added 103 new jobs in the North East in the past year.The group estimates that the new jobs have contributed approaching £3m to the region's economy"