Vertu Motors Share Discussion Threads

[alter ego] 11/5/2016 08:34

Unless I'm missing something, VTU looks very similarly rated to CAMB after yesterday's share price rise. As such the lack of any significant reaction is perhaps not that surprising. A firm hold for me however.

[bigdazzler] 11/5/2016 08:26

Yeah I get it.

It's a case of the market expected this level of results. It was no secret from there previous updates thus the price was already factored in.

[buba] 11/5/2016 08:00

let's hope that by the end of the day,the share price has moved in the right direction.Can't understand the weakness with those results!!!

[rhomboid] 11/5/2016 07:54

I'm tyre kicking here as I can't understand the disconnect between share price and these great results, any institution a forced seller?

[nikesh] 11/5/2016 06:56

Broker valuation 104-130p, liberum 100p. Saying undervalued by 20% to peers! Lets see where it opens!

[sphere25] 11/5/2016 06:53

Very good results. More importantly the current year is ahead of forecasts:

"Current trading and outlook

The Group has traded ahead of the current year financial plan and the prior year in March and April 2016...."

Looking for a move back to at least 65.

[18bt] 11/5/2016 06:32

Cracking results - like the dividend increase, confident statement and the NAV figure.

[eggbaconandbubble] 11/5/2016 06:21

I can't fault those results! Onwards and upwards.......

[master rsi] 10/5/2016 10:44

Some blue from early and on a very strong order book on the bid side DEPTH of 29 v 17
it helps than earlier CAMB released very good Interims and is up 10%

[buba] 10/5/2016 09:31

Let's hope so !

[mortimer7] 10/5/2016 08:33

Excellent interim results from Cambria Autos today has lifted their share price 8.5%, so bodes very well for VTU tomorrow.

[master rsi] 09/5/2016 10:51

Very much in touch the 3 motor players

3 month

6 month

[hitch19] 09/5/2016 05:21

Is that to account for more shares in issue?

[coolen] 08/5/2016 22:40

Odd that an analyst downgrades the EPS and then claims the shares deserve a premium rating, or have I mis-read ?

[ferries5] 07/5/2016 11:36

Wednesday 11 May

Vertu Motors (VTU) released a trading update and executed a placing of 56 million shares in early March, leading Panmure Gordon to upgrade earnings per share guidance by 8% to 6.1p for the year to 29 February - up 20% on 2015.

With its high-margin aftersales business continuing to grow, its acquisitions integrated and outlook for the vehicle market strong in March - typically the strongest month of the year, management is confident the UK's new car market will stabilise at current levels, with the supply push from Europe likely to stay in place.

But earnings for 2017 and 2018 have been downgraded by 10% to 5.9p and 13% to 6.4p respectively.

"On our revised forecasts the shares trade on a price/earnings (PE) ratio of 11.3x (February 2017), and at our 87p target price, would trade on a PE of 14.9x, a very modest premium to the rating of the wider market that we believe to be justified given its rising Return On Capital Employed and 11% order book growth to February 2016," said analyst Michael Donnelly, rating the shares 'buy'.

Look out for our exclusive chat with Vertu Motors on results day.


[...]

[nikesh] 07/5/2016 11:21

Me too, added 120k at 59p. It's a warren buffet stock!
Looking forward to seeing their cash position next week.
Sector is down overall but vertu is the best out of the lot and oversold

[buba] 07/5/2016 11:18

Cannot understand the weakness in the share price???

[mortimer7] 06/5/2016 08:13

Motor sector keeps on going....
SMMT figures out this morning show New car registrations increased 2.0% in April to 189,505 units. The highest for April since 2003.
2% represents a levelling off versus recent months, however given the record numbers in March this was wholly expected.

[master rsi] 06/5/2016 08:09

order book keeps opening up with an "AT" at 57p, now 3er day in a row, they say never buy/sell before 9am as the spread before that is large so you will not get a good price.

[r ball] 04/5/2016 20:13

below placing price. indigestion by institutes or stock overhang?

[master rsi] 03/5/2016 14:55

Bought some 2 weeks ago ahead of results, but today have added at 59p, as things are looking better on a down market
reasons:
Results next week on the 11th and are expected to be good. the fall to 58p seems the bottom as has been bouncing from that point so support and the order book is getting stronger on the bid side with DEPTH of 31 v 25

[thomasthetank1] 03/5/2016 11:08

Read Liberum's note on VERTU MOTORS PLC (VTU), out this morning, by visiting hxxps://www.research-tree.com/company/GB00B1GK4645
"Vertu has acquired Leeds Jaguar for a consideration of £650k. There is strong growth potential, although the acquisition is small and we do not change our forecasts at this stage. Importantly, it represents the first deployment of capital from the recent £35m fundraise in March and we anticipate plenty more M&A, as Vertu continues its role as an industry consolidator. We expect a strong set of prelims (Wednesday 11th May) to be the next positive catalyst ..."

[nikesh] 02/5/2016 23:42

shares after dilution was just under 400million

[coolen] 02/5/2016 22:02

Any dilutive effect (negative or positive) from the placing shares ?