Vertu Motors Share Discussion Threads

[my retirement fund] 08/6/2016 09:35

Crikey seem to have touched a nerve. Judges was a scientific outfit construed to buy small unknown technologies and creat value by bringing them to wider markets hopefully infront of larger investors and customers on a more global stage.This is a poxy motor dealership in a mature market thats peaking and they are paying top whack for goodwill based expansion.If you cant spot the difference then im sorry for you.

[cockerhoop] 08/6/2016 09:19

MRF,

'Cannot buy growth at a discount'

Complete garbage, an example I bought JDG in 2009 at about £1.30, it was pretty much already a Zulu stock even then with EPS in the previous 4 years of 2.076p 4.88p 12.633p 20.99p and for the FY 2009 they did 28p!

So a PE of less than 5 for a growth company in a Scientific Niche! Moving on to today the growth has continued with EPS of over a pound and dividends just about covering the purchase price.

Loads of other examples out there.......if you can be bothered to look rather than trying to trash fellow investors!

[zoolook] 08/6/2016 09:17

If you are calling Credit Crunch can we have a date please?

To the nearest 6 months is acceptable,

[my retirement fund] 08/6/2016 09:01

EI yes you've missed a motor manufacturers report out with data showing the highest UK sales on record.Do you remember 2005/6 when some of the larger motor dealers were going through a phase of consolidation into a few giants and the ensuing carnage and equity destruction that followed in 2008?Yet here we are with history repeating itself on a smaller scale. How many times do the stupid punters have to be told that you cannot buy growth at a discount!

[essentialinvestor] 08/6/2016 08:40

Has there been some recent negative sector news I have missed?,
besides the referendum uncertainty.

[manrobert] 08/6/2016 06:30

I have been a fan of caffyns for many years and have held several times.as you say large asset value that they continue to hide from accounts.i am sure they will have their day in the son before too long.

[cockerhoop] 07/6/2016 18:17

Ed123,

I would much prefer Vertu to issue shares than increase debt (as Marshalls have recently done) as the balance sheet will look much better in the event of a downturn. Their reason for listing was as an industry consolidator so you can't really complain when they do what they say they're going to. Further acquisitions will be announced shortly to utilise the remaining funds raised.

Major consolidation appears to be occurring in the sector with manufacturers forcing smaller and unfavoured franchises to sell dealerships to the major or favoured players to reduce competition on a regional basis IMO(see CFYN recently and also Lookers were also forced sellers of a couple of dealerships).

PDG have taken a different approach and initiated a share buyback to increase EPS rather than chasing acquisitions.

Time will tell who has the best approach.

[essentialinvestor] 07/6/2016 18:12

LOOK also out of he MCX.

[ed 123] 07/6/2016 17:56

Yes. Some take part in private placings as short-term punts. If the price dips post issue, it's just a risk they take. The true short-termers sell and recover what's left for their next punt.

All the motor traders are weak atm. Blackrock have been selling Lookers, for example.

As for Vertu, I'm not a holder but, if I were, I'd prefer to see them grow eps by developing what they have. I wouldn't like them issuing new shares to buy garages at a boom time. If a downturn should come ...

[manrobert] 07/6/2016 14:25

surely they will be losing on their 62 buy price/

[ed 123] 07/6/2016 14:16

Some of the placing shares are looking for a more permanent home.

[manrobert] 07/6/2016 13:56

god knows what is going with this share,another 700000 shares bt and still price is down.

[manrobert] 06/6/2016 09:07

strange price action.buying of last two days not reflected in share price.

[mortimer7] 06/6/2016 08:36

SMMT released their new car registration figures for the month of May this morning:
New car market increased 2.5% in May. 203,585 vehicles registered.
May’s highest total since 2002.
YTD 1,164,870 cars have now been registered in 2016, 4.1% ahead of last year.

So the motor retail sector seems to be largely unaffected by the "emissions scandal" and brexit. Just hope the VTU share price starts to reflect this soon.

[manrobert] 03/6/2016 08:08

you may be right.buys now past 200k.

[investordave] 03/6/2016 07:47

But no increase in the share price Big sell being soaked up maybe?

[manrobert] 03/6/2016 07:25

buying continuing this morning so far.

[alter ego] 02/6/2016 15:42

shame the Questor tip headline said Vertu Homes - although the rest of the piece did get it right.

[eggbaconandbubble] 02/6/2016 06:39

just out of interest beckaroo - how do you get the Telegraph by 11pm? My on line copy comes at about 2 or 3 am!

[beckaroo] 01/6/2016 22:04

It's down as a buy by Questor in the telegraph

[alter ego] 01/6/2016 21:41

Or use this slightly shorter url

[ferries5] 01/6/2016 20:33

Looks a modern and tidy Site