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VTU Vertu Motors Plc

67.50
0.70 (1.05%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vertu Motors Plc LSE:VTU London Ordinary Share GB00B1GK4645 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.70 1.05% 67.50 67.20 68.50 68.60 66.90 68.20 583,759 16:35:17
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Veh Dealer (used Only) 4.01B 25.53M 0.0749 9.03 230.37M
Vertu Motors Plc is listed in the Motor Veh Dealer (used Only) sector of the London Stock Exchange with ticker VTU. The last closing price for Vertu Motors was 66.80p. Over the last year, Vertu Motors shares have traded in a share price range of 54.60p to 88.00p.

Vertu Motors currently has 340,781,234 shares in issue. The market capitalisation of Vertu Motors is £230.37 million. Vertu Motors has a price to earnings ratio (PE ratio) of 9.03.

Vertu Motors Share Discussion Threads

Showing 1076 to 1097 of 2950 messages
Chat Pages: Latest  46  45  44  43  42  41  40  39  38  37  36  35  Older
DateSubjectAuthorDiscuss
05/7/2016
15:19
What the hell is going on here! This is ridiculous!!
darnoc64
05/7/2016
14:39
Under 40p to Buy. I'm following directors and buying. Strong Buy imo
seball
02/7/2016
20:16
Lookers nim is around 2.4% but a very different business. Much more reliant on car sales rather than more profitable aftermarket. Their price to book value is also around 1.4. Vertus is 0.7!!
daddy2010
02/7/2016
10:42
Ed, would you happen to know the Lookers comparative margins?, TIA.
essentialinvestor
02/7/2016
08:39
Thanks Ed. we all need a little luck
daddy2010
01/7/2016
21:45
Recent slide may be linked to Miton having to trim their open-ended fund after the high-profile managers were both head-hunted last month.
coolen
01/7/2016
18:11
Good luck, D. :-)
ed 123
01/7/2016
16:50
Yes Ed. Well aware of the margin and it's discount relative to inchcape and Pendragon et al but that is exactly the point. This is a franchise turnaround margin expansion story and I have every faith that the management will deliver. If Vertu traded at a normalised sector margin or even doubled the margin to say 2% as the benefits of longer term service contracts and franchise efficiencies filter through to the business they will be a lot higher than 42pThis is sell side case behind Liberum target price of 100p. I suspect given the short term uncertainty and euro movements the truth will be somewhere in the middle.D
daddy2010
01/7/2016
16:26
Bought more today. Now my largest holding. Massive asset backing, Director buying and even the very well covered dividend gives a reasonable yield now.
zoolook
01/7/2016
16:14
Hmmm .... I'd be careful.

In Vertu's last year accounts its pre-tax profit margin was only 1.07%.

If the car sales/servicing market hits a downturn and margins are squeezed by the competition, other listed car dealers (eg. Inchcape with its pre-tax margin of 3.8%) will be less impacted.

ed 123
01/7/2016
14:25
I agree. Remember TANGIBLE book value (property and cash) is at least 38.3p so your getting a hell of a lot thrown in for free!! Remember it's the high margin and sticky after sales business that has been driving profits (40% of Profits) not the new car market (22% of Profits) which has arguably peaked. Management are highly respected in the motor trade and their turnaround skills are only just starting to bare fruit (dealerships can take 3 years to turn around and it was about 3 years ago when the turnaround strategy for poor franchises was implemented). No wonder the directors are buying at these very oversold levelsD
daddy2010
01/7/2016
12:00
Oversold due a bounce to 50p imo
seball
01/7/2016
07:22
Another director purchase, a flurry of early trades, but it's apparent that the seller is still active here.

As ever, time will tell. Who was right seller or buyer?

Watching but not holding.

ed 123
27/6/2016
10:43
If not they should get a room
zoolook
27/6/2016
09:10
MRF/mrf

Are you the same person?

ed 123
27/6/2016
09:09
Great call, well done again.

Just looking at some UK cyclicals this AM and some of the drops are jaw dropping.

essentialinvestor
27/6/2016
08:45
EI remember this post ? .......

envirovision - 05 Mar 2015 - 08:17:42 - 717 of 1063
Smicker, just seen your post. No I was suggesting a large holder had simply hedged their position against the then share price, so if the share were or needed to fall someway, they would have locked in their value to their investment.

People often do this in advance of fund raising. Just happened on CPX I think. CPX have just announced a massive placing and so I believe someone took out a derivative much higher up to pay for their new shares in the placing, effectively locking in profits (in in CPX case, stopping them from being watered down).

Is there any chance of a placing here for further fundraising in the near future?

I know they like acquisitions in past.

EI thanks for your reply

my retirement fund
26/6/2016
19:49
mrf, nearly got pounded on INCH, well in % terms as it was a very small
position.
Closed my SL. and INCH trades pre referendum result as did not like how
close the polling looked, still expected a Remain win though,
we know what happened next.

essentialinvestor
26/6/2016
18:55
Your welcome. For those here who are convinced you can buy value it will probably be a very expensive lesson. You can buy value you have to create it.
my retirement fund
26/6/2016
15:16
my retirement fund- very good call here, you made me think twice
so owe you a big thank you.

Just noticed the price today.

essentialinvestor
17/6/2016
21:16
No I am afraid you read it wrong. I stated quite clearly that there was to be a bond issue and as a poster had a query about it, I copied and pasted the general facts from a rns dated 8/3 about the Equity raise and the bond issue so he would understand,.Thinking that people would know that the section regarding the equity raise had already been done.
And another thing you are wrong about is, the bond issue it is only replacing an element of debt not debt itself. Personally I quite like the idea as hopefully it will turn out cheaper than borrowing from a bank, while still retaining ownership of there commercial property.
Hope that clears things up.

ferries5
17/6/2016
18:38
Granted, ferries, but the paragraph you quote refers to REPLACING (rather than INCREASING) current debt facilities. Not quite the same as your original inference and a much more sensible (secure) method of financing.
grahamburn
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