Vertu Motors Share Discussion Threads

[kpwf] 17/1/2016 15:01

It is very difficult to understand the reason for the sharp drop in the share price which affected all car dealerships alike except, rather strangely, CAMB.

The apparent slowing growth in China and the steep fall in the oil price are more likely to delay interest rate rises. The lower petrol prices will leave consumers with more disposable income. All of this is good for car retailers in my view.

The forecast PE for the current financial year is about 12 and the EV to EBITDA multiple is much lower because of a fairly large depreciation figure and the fact that VTU is cash positive. There is also the Hereford VW/Audi dealer which was purchased in October to take into account in the H2 results.

Stockopedia has a Stock Rank of 95 and a Value/Momentum Rank of 98.

This is just my personal view and I might be completely wrong, but VTU seems good value to me at the moment notwithstanding the panic selling which is going on at the moment. Time will tell I guess.

[mortimer7] 15/1/2016 10:44

VTU and CAMB were both 77p on 16th Dec, now VTU 71p, CAMB 86p.
Wonder if people are switching.
Personally I'm in both & happy to hold.

[ferries5] 14/1/2016 16:17

More like the raid on Renault offices that caused the drop.

[tiggertiger] 14/1/2016 14:49

Looks like general market sentiment has caused today's drop so I topped up

[ferries5] 12/1/2016 07:58

The website has been revamped if anyone is interested.

[eggbaconandbubble] 11/1/2016 18:28

Liberum Capital TP. 100p.(Reiterates)

BWTFDtheyK!

[mortimer7] 07/1/2016 09:05

For those of us afflicted with pedantry - the published numbers:-
Overall, the market rose 6.3% in 2015 to 2,633,503 units.
Biggest December on record sees registrations boosted 4% with 180,077 new cars registered.

[ferries5] 07/1/2016 08:54

following on from above.

new record car sales

[mortimer7] 04/12/2015 10:50

SMMT figures published this morning show new car registrations returned to year on year growth in November with 178,876 cars registered in the month, an increase of 3.8% over the 172,327 in November 2014. The overall market in the first 11 months of 2015 has seen 6.2% growth to 2,453,426 units.

[ferries5] 02/12/2015 10:22

Looks a good article though a bit Big Brother

[tiggertiger] 01/12/2015 18:50

Great acquisition. Moving steadily upwards.

[pastybap] 01/12/2015 11:15

A smart move given that short/medium-term growth is expected to shift from new car sales to parts and servicing.

[mortimer7] 01/12/2015 11:00

An interesting acquisition announced today - ACE Parts. A variation from the theme of acquiring franchised dealerships.

[smicker] 30/11/2015 12:45

Fidelity bought 29m. Explains the heavy buying thats been going on for quite some time

[ferries5] 25/11/2015 16:28

Caradog
thanks .

[caradog] 25/11/2015 12:17

Ferries, when you post a link, changing the hxxp to http with at least one letter capitalised makes the link clickable.

[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 "