Vertu Motors Share Discussion Threads

[cockerhoop] 01/6/2016 08:22

Quality purchase at a pretty reasonable price, Gordon Lamb already achieves strong margins so as they say will be immediately earnings enhancing (increasing EPS by >10%).

Further acquisitions to be announced using the money raised in the recent placing.

[manrobert] 01/6/2016 07:48

looks like a great acquisition for cash and extra £2m plus on profits.hope the market gives it the same positive response as marshalls recent takeover.

[cockerhoop] 26/5/2016 14:30

They've used £24m cash, extended a undrawn £75m debt facility to £120m and borrowed against the inventory to fund it.

It's very definitely >80% funded by new debt. The facility was previously negotiated but unused.

[grahamburn] 26/5/2016 14:07

If you read the MMH announcement carefully, the acquisition is not financed through additional debt. It is from existing resources, including the funds provided through the IPO only last year.

Ridgeway is a very substantial acquisition which is in a different league to Vertu's recent acquisitions and increases the size and reach of MMH considerably. It's unlikely that Ridgeway was one of Vertu's current targets given the cash consideration involved. If it was then there might be a delay in Vertu finding new targets.

Having said that Vertu is still higher up the size league table of companies in the sector than MMH and further consolidation within the sector is almost inevitable.

[cockerhoop] 26/5/2016 11:56

Interesting acquisition by MMH today of Ridgeway, lots of sector consolidation going on. MMH appear to be heading down the debt route rather than issuing shares as per VTU.

[sphere25] 24/5/2016 10:29

Being on AIM doesn't help, but this has big seller written all over it.

Buyers queuing up here, just like yesterday. Abit of buying pressure now and this will definitely confirm the bullish move yesterday.

[r ball] 23/5/2016 21:52

I doubt if a big seller has really had an impact. I suspect main drag is the fact that this is an aim stock. a full market listing would mean increased liquidity and widen the scope formandated institutional buying. with possible Fed and BOE interest rate rises I would avoid. all the best though.

[sphere25] 23/5/2016 15:25

Seller cleared at 58? Could be significant if so.

Could be a trend reversal here - looking for a pop higher back into the 60's first if the large seller is done.

[r ball] 22/5/2016 20:47

following a massive PPI led consumer windfall the shareprice has hardly budged over 3 years. undervalued- yes. value trap - yes, too.

[manrobert] 20/5/2016 08:39

bt aanother 17000 bu its down as asell on advfn.good start this morning hope the seller has finished and we can move up to reflrctrecent resukts

[essentialinvestor] 18/5/2016 13:45

Mainly because I have followed LOOK for years, however have not looked
at the sector in detail for awhile.
Paying some attention again as think this current EU uncertainty is
presenting opportunities, hopefully.

[cockerhoop] 18/5/2016 13:32

EI,

Can I ask why? Compared to VTU, CAMB or PDG?

[essentialinvestor] 18/5/2016 13:14

LOOK my sector favourite atm, however unlike VTU they have a chunk of debt.

[ferries5] 18/5/2016 13:13

Though I do not like dilution, it is better than debt.
The money they are spending on the building and refurbishment of dealerships may be a concern for some. But if they want the dealerships they have no options,( Manufacturers dictate ) And of course the emission test, which is being blown out of all proportion by the Americans.

[cockerhoop] 18/5/2016 13:12

They raised £50m in May 2013 and £35m recently through placings, I'd be surprised if there was any further dilution for at least a couple of years.

[essentialinvestor] 18/5/2016 12:50

Yup, my take is the market wants to see a couple of years without
any more shares being issued.

[cockerhoop] 18/5/2016 12:48

EI,

Of the £35m they raised in March, so far they have spent £650,000 so they still have plenty of firepower. In fact RF alluded to several acquisitions in the near future in his recent BRR Media interview.

[essentialinvestor] 18/5/2016 12:34

Well with this share price placing more shares is not going to be very efficient,
so they will need to focus on growing what they have with smaller acquisitions
paid for out of existing facilities and cashflow.

[manrobert] 18/5/2016 12:31

yeah thanks for that but they keep falling.have to see if they are aware of institusional selling. rung company

[thomasthetank1] 18/5/2016 12:26

Read Edison's note on VERTU MOTORS PLC (VTU), out this morning, by visiting hxxps://www.research-tree.com/company/GB00B1GK4645

"Vertu’s results for the year to February 2016 fully live up to the positive pre-close trading statement. Revenue is up by 17% to £2.42bn and underlying pre-tax profits by 24.5% to £27.4m, slightly ahead of both our own and market estimates. Diluted and adjusted EPS is up by 25%, covering the dividend (up 24%) by almost five times. Trading conditions remained sound throughout the year, with increased volumes in most sectors. The expected increased pressure on vehicle gross margins did materialise, but management responded positively to the challenges..."

[manrobert] 18/5/2016 10:49

pretty good buying this morning,350000 in last 15 mts.

[nikesh] 17/5/2016 21:35

There is an institution selling. Only reason to explain constant decline while big PI buying.

[bennya] 17/5/2016 16:42

Very strange share price action considering the amount of buyers over the past week, any ideas?

[effortless cool] 16/5/2016 16:27

I have taken advantage of recent weakness to buy £20k worth. I would have bought more, but I am already overexposed to the sector through CAMB.

[manrobert] 16/5/2016 15:31

three large deals this morning down as buys but I wonder if they are delayed sells that have been holing price back.