Vertu Motors Share Discussion Threads

[look alive] 21/4/2015 15:54

Looks as if a big seller may have been cleared.

[mortimer7] 21/4/2015 15:34

Several sizeable buys have gone thro' today.
3 x 165k, 2 x 75k, 1 x 180k, each one at 55.25p.
Something going on?

[smicker] 08/4/2015 17:19

record SMMT sales doesnt elicit a post and the share price finishes down on the day.

edit

In the trading update the company was very cautious and noted that the private retail market declined by 5.1% in Jan. In Feb this was still negative for the year but positive for the month. By March this figure was positive both monthly and cumulatively for the year.

[jaf111] 03/4/2015 07:52

Yes...looking forward to the official SMMT announcement...no doubt some will see this as unexpected, but as I said last month (or the month before...or even before that....)this is entirely as I would expect. And I believe further growth will be forthcoming with interest rates remaining low AND the pension changes now (almost) upon us.

The rather flat share price performance of VTU, as well as most other car dealers, remains surprising and rather frustrating, BUT I will remain patient....

“Everything comes to him who waits, except a loaned book.”

[smicker] 02/4/2015 22:16

Understandable weakness before the key month of the year but looks like it is misplaced. Highest March sales on record apparently

[jaf111] 02/4/2015 07:24

Thanks Mortimer

[mortimer7] 02/4/2015 07:14

JAF: The top 100 dealers

[jaf111] 01/4/2015 18:40

Mortimer - Do you have a full list of the top 25 dealers?

[mortimer7] 01/4/2015 09:35

In terms of turnover MMH are ranked 11th highest in the list of UK dealers & £1bn is about right. Pendragon 1, Vertu 6, Cambria 25, Caffyns 61.
The family control is a concern for me, they have a lot of other interests as well as the Motor business.
Robert Marshall CEO:-
"This flotation will benefit Marshall Motor Holdings and will also allow us to concentrate our internal resources on investing in the ambitious plans we have for our engineering businesses. Marshall of Cambridge continues to be the majority shareholder in Marshall Motor Holdings, which will now operate on a day‐to‐day basis as an independent company subject to the AIM rules".

I'm happy to stick with VTU. I'm intrigued by last months volume of transactions which was one of the largest in their history.

[flyfisher] 31/3/2015 16:23

At first glance, at the listing price, trading at 11.5 x 2014 net inc, P/B 1.1, similar p/t margins, plans to upgrade premises and grow by acquisition.

It is priced a little higher than I would have expected given the family control. Sector rival cfyn seems to trade at a discount for that reason.

Thoughts anyone?

[hastings] 31/3/2015 15:30

Hi alter ego, as far as I am aware, the revenue figure is correct-hxxp://marshallgroup.co.uk/motor-retail-leasing/

Cheers
H

[jaf111] 31/3/2015 13:10

worth looking at in more detail alter ego!

[alter ego] 31/3/2015 13:06

hastings, thanks. Puzzled how Marshalls can be valued at 60% of VTU yet revenue of "over £1bn" is less than 50% of VTUs. Can they really be that much more profitable or do you think the revenue figure is misleading?

[hastings] 31/3/2015 12:28

May interest those who like the sector.

[toyin] 26/3/2015 07:02

Patience, sometimes things take time.

All the best

[tiggertiger] 25/3/2015 21:17

This share is a non event! How can it still be here after all the growth?

[toyin] 24/3/2015 09:02

Caradog

If you have a dispute and it is going through a process you cant just sort it because somebody is publishing a report. They employ over 4000 people. Its a non event.

All the best

[caradog] 24/3/2015 08:22

Have done. Should have been sorted before HMRC goes public.

[toyin] 24/3/2015 07:41

Caradog

I wouldn't worry about that, Its one employee and its probably a disciplinary issue. If you are bothered email ir and ask.

All the best

[caradog] 24/3/2015 07:09

Vertu named and shamed for not paying minimum wage. Owes one worker £1000.
Very annoyed that the company is risking bad publicity for such a small sum. Have emailed via the web site to say this and have asked about company policy.

[mortimer7] 06/3/2015 11:30

Nice to see Robert Forrester follow his FD's example yesterday by topping up his shareholding this morning. Safe to assume they see the share price drop as a dip & therefore an opportunity?
1503061111387732G/

[miikke] 06/3/2015 10:11

Price recovery speaks for itself- let's see if this mornings more possible response continues...

[alter ego] 06/3/2015 09:53

no negativity here. Happy with progress and prospects. Good LTBH stock imo.

[mortimer7] 06/3/2015 09:46

I've noticed there seems to be a developing air of negativity about VTU after yesterdays update and subsequent share price drop. All unfounded in my opinion but these things have a danger of becoming self fulfilling if not countered and nipped in the bud. So, for anyone doubting the virtues of VTU (sorry), I've posted a few of the comments from the FUTURE PROSPECTS section of yesterdays update:-

"The Board remains confident that the Group is well placed to take advantage of a high volume market, in the short term through vehicle sales and in the medium term through higher aftersales volumes, as sales customers return to the Group's workshops for service and repair activities".

"Current market evidence suggests that March 2015 may be a record month for total UK new vehicle registrations, and the Group's like-for-like vehicle order book for March 2015 is currently running ahead of the prior year".

"The acquisitions and new dealership openings in the five months to 31 January 2015 are being successfully integrated into the Group, and the Board continues to examine further acquisition and development opportunities".

As a holder I'm slightly biased, but reading these remarks elsewhere coupled with the recent performance I'd be very impressed.
I've very pleased to have had shares in both CAMB and VTU for several years and fully intend to keep them both for the foreseeable.

[mortimer7] 05/3/2015 18:41

Another load of sizeable transactions after the close.
Also late RNS showing Schroders reduction. I wish they'd update their website with current shareholdings. Most recent situation is as at 12/12/2014