Vertu Motors Share Discussion Threads

[ferries5] 25/11/2015 11:13

Flagship showroom



Looks smart, Hope its profitable.

[mortimer7] 05/11/2015 09:58

SMMT new car registration figures out for October: 177,664 units, a small decline of 1% on last year.
Total for 2015 so far is 2,274,550. 6.4% more than at this time in 2014.
Drop for the month hardly surprising following Septembers record performance and all the furore regarding emissions which kicked off the last week in September.
That said, it's interesting to note that the Diesel market share for October registrations was 51.3%, hardly a flicker from last year of 51.8%.

[mortimer7] 03/11/2015 10:43

Upbeat Pendragon quarterly statement this morning, & my thought is a lot of their insight can be read across to other listed Motor retailers.
Interesting to note their statement..
"Aftersales is our largest profitability contributor and gross profit grew by 3.8% in the period on a like for like basis. The Group is benefiting from the increased new vehicle supply which continues to increase the less than three year old car parc and the four to six year old car parc".

VTU have been more acquisitive than PDG in recent years, consequently VTU should have higher proportionate revenue growth from their Aftersales operations.
I expect this is one of the prime factors underpinning VTU's confident statement on 14th Oct: "full year results now anticipated to be ahead of expectations"

[cockerhoop] 02/11/2015 12:13

Another Robert Forrester interview, this time with HL. Always comes across well imo.

[mortimer7] 28/10/2015 11:40

BRR Media interview with Robert Forrester (CEO) after interims

[tiggertiger] 23/10/2015 15:05

Starting to move now. Looks really promising for a safe long term investment.

[master rsi] 22/10/2015 22:36

From another place ........... MARKET REPORT
Master RSI - Today 10:29 Recommend 1
But I am out for the moment being, yesterday excitement is gone

Master RSI - Today 11:55 Recommend 1
and short term the TA Indicators have gone well overbought
time will come for another go

made 8.23% on 4 days of trading on a closing bargain

[master rsi] 20/10/2015 17:00

reason for the spike:
There was a 70.50p intraday high during the last 3 weeks on moving over that point the spike took hold and that was what cause a "breakout "

[master rsi] 20/10/2015 16:45

A flurry of trades during the last 30 minutes mostly "AT" got the stock moving till the end with a large "UT" @ 72.25p at over the offer price 72p

16:35:03
72.25p
58,545K UT

[smicker] 19/10/2015 16:00

Edison investment research have released a report on Vertu

[caradog] 19/10/2015 09:16

Bullish homing pigeon?
As a matter of fact, there's one on my bird table right now, along with a bearish wren and an ambivalent nuthatch.

[master rsi] 18/10/2015 23:52

British Bulls say BUY

Naturally is a short term suggestion after market close their signal gave the Buy and always behind my selection ............

VTU.L VERTU MOTORS
Last Signal:BUY
Last Pattern:BULLISH HOMING PIGEON
Last Close:70p

[master rsi] 16/10/2015 11:19

On the way up today with volume not seeing for some time
I selected the stock to go higher at the start of the day @ 67.875p at my thread "UPS"

UPS
VTU 67.875p ( 67.75 v 68p )

Very good Interims results a couple days ago, Undervalued on a PE basis, order book getting strong just now, with a few buys already and good volume so far. Chart wise should be ready for the turn up and carry on with the uptrend. Indicators - the more positive is MACD trying to cross over "0". RSI at 50 and rising with slow stochastic turning up. Brokers reiterates buy
-------------
At year end, much higher now NAV

1-Balance sheet underpinned by freehold and long leasehold property portfolio of £126.6m
2-Net assets of £179.6m (2014: £163.4m):net assets per share of 52.7p
3-Director had a large buy 125K shares last May @ 58.80p

[mortimer7] 14/10/2015 13:11

Some of the significant items in todays interims:-

"Record first half performance in terms of profitability and cash generation". Increased interim dividend significantly (0.45pps from 0.35pps)
"We now expect to deliver results ahead of expectations for the full financial year".
"September profits were ahead of the prior year" (despite slightly lower new vehicle sales)

[cockerhoop] 14/10/2015 08:38

WJCCGHCC,

Lots of pre-registrations going on a the moment which reduces new sales and feeds through with a lag to used sales. So total vehicle sales are a better guide IMO.

[wjccghcc] 14/10/2015 08:09

Though new car sales down 3.3% in September is not brilliant vs the market.

[18bt] 14/10/2015 07:25

They are viewing VW as an after sales opportunity - 9% of group sales, so hope that's true.

[18bt] 14/10/2015 07:21

These look very strong results and the year end will now be upgraded. Great dividend increase slightly in advance of profit increase shows confidence. Impressive cash generation, but need to examine why they have been able apparently to extract cash from working cap.

[ferries5] 10/10/2015 11:27

Wednesday 14 October

Panmure Gordon analyst Kevin Fogarty reiterated his full-year forecasts following cardealer Vertu Motor's (VTU) last update ahead of these half-year results.

Like-for-like service revenue growth of 6.4% leads the way, dragging group revenue up to 5%. The rest of the year was supported by a strong order book, so Fogarty expects pre-tax profit to reach £24.1 million, giving 5.44p of earnings per share.

Now at 68p, the shares trade on a 2016 price/earnings (PE) multiple of 12.5 times, falling to 11.5 times in 2017. This is "inexpensive" to Fogarty, who retains his 87p target price and 'buy' recommendation

[...]

[mortimer7] 06/10/2015 10:03

Looking forward to these now ....
Vertu Motor Group will announce its Half Year results for the 6 month period ended 31 August 2015 on 14 October 2015

[mortimer7] 06/10/2015 09:23

Out of interest: Volkswagen stats for September. No effect yet!
Sept 2015 39,263 Units. 8.49% market share
Sept 2014 37,852 Units. 8.89% market share

[mortimer7] 06/10/2015 09:17

From SMMT this morning....
"Registrations of diesel and petrol cars in September grew 4.1% and 12.3% respectively".
"It is too early to draw conclusions, but customer demand for diesel remained strong, accounting for one in two cars registered.”