Vertu Motors Share Discussion Threads

[empirestate] 11/5/2010 22:42

essential, yes i did give it the once over and it was certainly very strong and would have expected a better share price performance from such a statement. just hope that the sell order gets cleared in the morning so the share price can perform.

[essentialinvestor] 11/5/2010 09:31

empire

Have a look at the LOOK IMS, very positive.

[essentialinvestor] 09/5/2010 16:30

In the context of the market VTU and Lookers have been very solid.

Good luck for the results Wednesday, LOOK IMS on Tuesday should be very strong.

[empirestate] 09/5/2010 16:23

looks like the strong asset backed value plays are holding up well. should be an interesting week. however, looks like the seller is back on here again as a few reasonable size buys midweek normally would have made an impression on the share price considering the low NMS.

[essentialinvestor] 04/5/2010 14:34

Does that justify a 50% premium in PER?
Its a Motor Retailer, not a property Company.

Looker's IMS on the 11th this month, a day before the VTU results.

Interesting to see what price LOOK and VTU trade at by the end of next
week.

Good luck with your holding.

[empirestate] 04/5/2010 14:25

the difference here is that in terms of asset value, VTU is trading at a discount to nav at the current share price and lookers is trading at an share price that values the co at more than twice the net NAV so for me VTU offers a better asset backed play rather than the PER rationale

[essentialinvestor] 04/5/2010 07:57

I agree it's a solid little Company.


However, why would you pay a PER of 15 2011 earnings for VTU,

when you can buy Lookers(LOOK) on barely over 9 x 2011 earnings.

And like VTU, LOOK has great asset backing and low debt,

and is also growing quickly.

[empirestate] 03/5/2010 22:31

with just over a week to go till results on the 12th it is suprising that quite a few don't appear to have picked up on this little gem. the growth through aquisitions over the past year should lay the foundations for the co to increase its market share and essentially get rerated. it is still quite unbelievable that the share price values the company at less than its balance sheet value. this should easily be 65 to 70p. will be buying more this week.

[empirestate] 28/4/2010 15:16

with a june 09 NAV of 44p, an mcap of gbp71m for a GBP800M turnover company, this is giving them away at this price

[empirestate] 28/4/2010 08:40

looking good today should make significant gains to catch up with the other players in the sector

[empirestate] 25/4/2010 22:36

UK looks like a seller clearing out here, which is the probable reason for the weight on the sp

[ukinvestor220] 22/4/2010 16:09

this is getting some attention today - a bit of volume

[kevinford2] 18/12/2009 15:12

...The key risk to Vertu's future profitability is the recession. Rising unemployment and depressed consumer confidence have seen consumers cut back on discretionary spending with expensive purchases such as cars being particularly affected. Other external threats to sales come from legislation mandating higher vehicle taxes or a sustained increase in the price of fuel, which would also put people off private transport...

[investinggarden] 29/10/2009 14:25

Speculative Buy rating from Growth Company Investor

[hard work] 23/7/2009 08:19

Good AGM statement and still over £20m in the war chest

[investinggarden] 08/7/2009 09:58

Buy/ Hold recommendation from Growth Company Investor

[hard work] 26/6/2009 08:24

Do you reckon this is the same acquisition as mentioned in the recent "Placing" announcement?

[alistair4444] 26/6/2009 08:21

26 June 2009


Vertu Motors plc ('Vertu')


Acquisition of Brooklyn Motor Group assets from administrative receivership for £7.9m


Vertu Motors plc, the 9th largest UK motor retailer, is pleased to announce today that its subsidiaries have acquired certain businesses and assets of Brooklyn Motor plc from administrative receivership. These include four franchised outlets and an authorised repairer for an expected consideration of £7.9m (the maximum total consideration is £9m). The enterprise value of those businesses is estimated at £7.1m.


Highlights of the acquisition:


*

Freehold properties and operations of Worcester Ford, Redditch Ford, Redditch Mazda and an Iveco authorised repairer in Redditch. In addition, the operations of Cheltenham Mazda have also been acquired.
*

Within a core geographic area to the Group, enabling Vertu to capitalise on the benefits of strong regional concentration. The business acquired complements the Group's existing Ford operations in Birmingham, Cheltenham and Gloucester
*

Introduces the Mazda franchise to the Group for the first time
*

Immediately earnings enhancing

The Group acquired these assets following Brooklyn Motors plc being placed into administrative receivership on 26 June 2009. The acquisition will be funded from the proceeds of the recent share placing approved on 15 June 2009, which raised £30m to invest in new dealership operations, to extend the productive capacity of existing operations and to purchase the freeholds of existing leasehold sites.



The estimated EBITDA reported in the unaudited management accounts for the year ended 31 December 2008 was £960,000. This result was materially effected by the decline in used car values during 2008. Vertu believes there are significant opportunities to drive performance improvements in the acquired assets and will integrate these onto Vertu's systems platform and drive operational improvements to generate cost savings.


Following the acquisition of these assets, Vertu Motors will operate 45 franchised operations, four non-franchised and two standalone service operations.


Commenting on the acquisition, Robert Forrester, Chief Executive, said:


'We are delighted to have acquired these businesses in one of our core geographical areas. As a consequence we will benefit from accruing an even stronger regional concentration.'


'There is considerable scope to integrate these dealerships onto Vertu's scalable platform, and these are excellent volume franchises that strengthen the Group's portfolio balance.'


Vertu also announces that its Annual General Meeting will be held on 23rd July 2009 at 11.00am at the offices of Muckle LLP, Time Central, 32 Gallowgate, Newcastle-Upon-Tyne, NE1 4BF.

[energeticbacker] 22/10/2008 19:37

Decent interim results from Vertu Motors today who appear to be grabbing market share from rivals.
Gearing modest and cash flow great but all to play for in the 2nd half with the key Sept trading period.
Investors Champion has a decent note comparing with peers - www.investorschampion.com

[cootuk] 07/6/2008 16:44

From general chats I hear car dealers are being absolutely hammered by the high cost of fuel, increase in road tax, and general tightening of belts.

[the_summoner] 08/5/2008 22:20

one thing I can tell you about these guys at the moment. They are laying alot of management off and getting their own guys in.

Apparently they want the same job done but cheaper than what they are currently paying.

[thorne3] 07/5/2008 15:18

With an A.G.M. on May 9th followed by figures on May 14th it seems likely that Vertu will begin to lift off recent lows.The medium term potential for this stock looks quite exciting.Has anybody got an authoritative view on this company.

[andrbea] 14/2/2008 15:01

some news articles

Jan 22 2008

NORTH-EAST car dealer Vertu Motors has expanded further outside the region and leased premises in Yorkshire.

The Newcastle-based group plans to open a Motor Nation used car outlet on the 1.3-acre site in Doncaster.

Vertu said the ongoing expansion of Motor Nation is in line with the group's strategy to grow the business Vertu was founded by former Reg Vardy executives in 2006 and is the tenth largest motor retailer in the UK by turnover.



and