Vertu Motors Share Discussion Threads

[wossupsa] 15/10/2014 07:23

Great results. Bought in for a laugh on CR's cup and handle tip and been cursing the barsteward ever since (only joking CR, hope you are well - really).
Quite a few of the BoD bought at slightly higher prices and so I was never really that concerned (despite the farcical BoD buys over at GKP). A proper company.

[devoncop] 15/10/2014 07:12

Very encouraging results.

The group is generating lots of cash,big increase in dividend and is gaining market share.

The boom in after sales revenues is reassuring when the market eventually cools but with personal loans at 4% and falling this is unlikely to be any time soon.

GLA

[luckymouse] 14/10/2014 23:53

jump to 63p?

[waterloo1] 14/10/2014 18:51

Or a leak :_)

[mortimer7] 14/10/2014 17:53

Share price up 3.5p today or 6.48%.
Perhaps a sign of confidence ahead of tomorrows interims?

[caradog] 14/10/2014 07:58

Interim res on 15th, i.e. Wed.

[bradders190] 13/10/2014 22:58

Intrims Thursday ......

[mortimer7] 06/10/2014 16:20

Good day for share price so far, up 2.5p.
Perhaps helped by September stats & VTU interims on their way soon. (15th I think)

[mortimer7] 06/10/2014 09:06

SMMT Figures are good news again for dealer groups this morning:
425,861 new cars registered in September, a rise of 5.6% on September 2013 and the biggest September since 2004.
New ‘64’ numberplate boosts volumes, with September marking the 31st consecutive month of growth in the new car market.
Registrations for the year-to-date reach 1,958,196 – up 9.1% on January-September 2013

[mortimer7] 03/10/2014 09:47

SMMT release UK new car registration volume data for the month of September at 9am on Monday.
This gives key information for the sector with September being a new plate month (64) and the second highest volume month after March.

[smicker] 02/10/2014 15:41

Someone else has spotted the opportunity

[mortimer7] 01/10/2014 10:19

Vertu Motors has opened an Infiniti Centre in Newcastle, the tenth Infiniti Centre in the UK.
Sold globally in 50 different countries, the premium Infiniti brand was launched in the USA in 1989 its first European plant will open in Sunderland next year as the brand expands into Europe.
The UK plant will manufacture the Q30, which is expected to give a boost to Infiniti’s low car sales in the UK.
In the year to August Infiniti saw sales increase 35% to 377 units to give it a market share of 0.02%.
Robert Forrester, CEO of Vertu, said: “We are delighted to be opening the doors to the first Infiniti Centre in the North East.
Next year, the Infiniti Q30 will be manufactured just down the road in Sunderland, meaning we will have another car brand both produced and sold in the region, which is fantastic news for the North East.”

[smicker] 26/9/2014 14:23

Its correct to be cautious at the moment as Sept is the second most important month of the year behind March so i would expect some nervousness until the figures are released next week

[mortimer7] 25/9/2014 15:43

Fergus, correct however their peers are also down over the same period (LOOK, PDG, CAMB) so I think it's the Motor Retail sector & no cause for concern with VTU.

[fergus9] 25/9/2014 15:16

This has dropped a bit since that tip in the mail.

[alter ego] 12/9/2014 10:02

good point Mortimer7. Of course, that drag could continue for some time until VTU stop acquiring new dealerships in need of overhaul. Having bought in a lot lower, I'm content to stick with them as execution seems to be good and the market for cars and servicing certainly looks supportive for now.

[mortimer7] 12/9/2014 09:30

VTU sneaking up on the blindside?
In comparison to its sector peers VTU margins are low. Still good, but low.
The simple explanation for this is not under performance, but a direct consequence of their core strategy of acquiring dealerships (most of which were struggling) and then spending to turn them round. Obviously in the short term this is affecting their margins, but longer term this hidden value will be apparent.

Perhaps Analysts, Brokers and Fund Managers currently looking at VTU PE/margins haven't seen comparably favourable numbers so far, but I don't think the wait will be too long now before they do.

VTU issued a bullish per close notice on 1st September ahead of their half year results announcement on 15th October.
All IMO/NAI.

[sjc] 08/9/2014 10:44

free stock charts from uk.advfn.com
Recently closed gap and above 61.8 retrace looks nice to me.Buy the dip Imminent imo.

[mortimer7] 04/9/2014 10:46

SMMT New car registration figures issued today for month of August show 72163 new cars registered, a 9.4% rise on August 2013 and the 30th consecutive month of growth.

That's a 10.8% year on year rise for the 6 month period from March to August.
VTU announce their interim results for that same 6 month period on 15 Oct 2014.

[mortimer7] 01/9/2014 16:16

Excerpts in todays pre close trading update RNS:

"Since the Trading Update provided at the Annual General Meeting held on 24 July 2014, the Group has continued to trade in line with market expectations."

"The Board is confident that further progress will be made during the remainder of the financial year."

[brummy_git] 01/9/2014 09:07

UK new car market is growing at a circa 10% clip.

[cockerhoop] 01/9/2014 08:41

Interesting that 1 BSM dealership has 39 cars ordered for delivery today (first day of new 64 plate) compared to 22 on Sept 1st last year.

[trickyfrogman] 29/8/2014 22:20

Advfn podcast listener's tip of the week! ;-)

[gswredland] 29/8/2014 16:47

Did I read that the Slater fund have bought these please?

[mortimer7] 28/8/2014 19:00

Financial Year End for VTU on 31st August.
Last year they issued a trading update on the first working day of September. So if they do so this year that's next Monday.
It should be excellent news & timed for when the markets are waking up again.