Vertu Motors Share Discussion Threads

[daddy2010] 06/9/2016 20:44

Make that 'skin in the game'. I hate predictive text!!

[daddy2010] 06/9/2016 20:42

This is a nice video posted today by Investors Chronicle on Vertu. The info is a little out of date (for example it's talks about having 60,000 aftersales customers on service plans giving the business substantial annuity income when the figure is now closer to 95,000) but it gives a good insight into the business and the strength of the management team.https://www.youtube.com/watch?v=Zhmj5OMDJCMI have met Robert forester and cfo Michael Sherwin on a number of occasions and they know their onions. More importantly they are focused on maximising returns for shareholders (unlike most of the management on Aim) which is perhaps not too surprising as they also have significant shining the game.D

[grahamburn] 06/9/2016 14:36

Investors Chronicle congratulates itself this morning on recommending VTU as oversold following the rout after the referendum (as well as Cambria), pointing to the 20% rise since then.

[daddy2010] 05/9/2016 15:26

There is a buyer in town today with several nice big blocks going through at 50.25p Over 2.5m trades so far today. Is this stock finally waking up after strong figures out from the SMMT and peer Cambria today?D

[eggbaconandbubble] 05/9/2016 15:01

I take it that's the reason that every day the 'Buys' outnumber the 'Sells' by a wide margin and the share price doesn't budge.

[bigdazzler] 05/9/2016 13:45

Lol, sphere I like it. Let me know if they listen.

[mortimer7] 05/9/2016 09:05

The UK new car market achieved modest growth in August, as registrations rose 3.3% against the same month last year, according to figures released today by SMMT. 81,640 new cars were registered in the month, with year-to-date performance remaining positive, up 2.8% to 1.68 million units

[seball] 02/9/2016 10:50

Thanks, good to see this being tipped in The Times

[mortimer7] 02/9/2016 10:09

FWIW, flagged as a buy in The Times today

[mortimer7] 01/9/2016 15:04

smicker - I acknowledge your point on revenue & profits. However VTU have increased EPS & ROCE over the last 4 years, and the UK Motor retail listed co's have been in a "landgrab" scenario for a while.

[paleje] 01/9/2016 11:53

IC had a brief morning comment on them:-

Vertu Motors (VTU) issued a pre-close statement today, confirming that profitability for the year remains ahead of FY2015, although bosses there say private new car registrations have continued to soften since April 2016. The strongest growth continues to be found in the commercial and fleet divisions, and the group believes the macroeconomic backdrop - specifically low interest rates and high levels of employment should work in its favour. However, it admits weak exchange rates could affect manufacturer decisions around pricing.

[loafingchard] 01/9/2016 11:17

Taken an initial stake here this morning, update reads okay to me.

[smicker] 01/9/2016 11:13

Record revenues and profits are to be expected where a company is continually raising new money and buying these in surely. We're getting a bigger business but being diluted as it grows. What about acquisitions via cash generated in the business?

[mortimer7] 01/9/2016 10:52

Liberum Capital reiterated their buy rating this morning with a 100p target.
Accepted, they're "in house", but still good to see.
Also, pleased with todays update & specifically the words in caps below which I think is definitely being overlooked in terms of the current share price:-

"The Board expects that the Group's full year results will be in line with market expectations WITH RECORD REVENUES AND PROFITS"

[daddy2010] 01/9/2016 10:18

I agree also add am expecting a steady rise in the next few weeks to at least 60p (even at this price they will still be at a massive discount to the broader retail sector).A nice quite board is also a good sign as the herd is yet to arrive ?Nice to see the shares finally break the 50p barrier this morning.D

[seball] 01/9/2016 10:04

Agree this should be trading over 60p. All this fear on Brexit was overblown. Slow and steady rise will suit me.

[sphere25] 01/9/2016 08:23

- Trading in line
- No change in consumer behaviour
- Favourable economic backdrop

And still around 20% off pre-brexit plunge. Time for Mr Market to gradually bid these back up to that 60 mark.

[eggbaconandbubble] 01/9/2016 08:17

I'm surprised, no comments on the trading update RNS on here so far.
Did I miss some big party last night???
Update seems to me all as expected BWTFDIK.
And still surprised these aren't rallying more.

[tiggertiger] 30/8/2016 01:14

Britain is set for a car-buying boom as thousands of motorists move to beat 'flawed' tax changes which will penalise drivers who go green and reward owners of gas-guzzlers, the AA warns today.It predicts a six month car-buying frenzy will start as drivers move to snap up cars with the new half-yearly '66' car registration plates - which begin this week on September 1.That way, buyers will avoid the controversial car-tax reforms that kick in next April - a month after the introduction of the six-monthly '17 plate' in March.

[daddy2010] 29/8/2016 20:40

144m in property - that was when it was last value over 3 years ago. It should be higher now. Tangible nav around 40p with offers considerable downside protection. We just need the market to wake up and hopefully the September update will help.D

[bolador] 26/8/2016 18:51

Market cap 194m, net cash 23m, property 144m and a nice motor business thrown in !

[jaf111] 25/8/2016 22:10

Daddy2010

Some valid points.....certainly aware of the extra risk on MMH but if they can deliver (2017 broker forecast of almost 30p eps) then they are very cheap....clearly there has been a slowdown in the market but I do not think the sector is set for a decline.

As you note CAMB has an excellent record...and I hope / expect the Trading Update due in the next 2-3 weeks to be positive.

FYI I do not read Investors Chronicle....so interested to hear that they are punting them. As far as I am aware though, their record is pretty mixed!