Vertu Motors Share Discussion Threads

[ksharlandjiev] 21/9/2016 08:18

Vertu invests £3million in Bolton FordStore
Vertu Motors plc is investing £3million in its Bristol Street Motors Ford Bolton dealership to create a FordStore showroom.

The development project at the Higher Bridge dealership will include the demolition of the existing showroom and the construction of a new dealership that complies with FordStore standards. The new site will include a Vignale lounge with the latest technology to assist customers to choose and customise their new car.

Bristol Street Motors Ford Bolton’s LCV showroom will also be demolished and rebuilt with the workshops being extended to include additional vehicle ramps, commercial vehicle ramps, and a further MOT lane.Further changes will be made with the Approved Used space being relocated, and expanded, and a new wash and valet bay being added.

There will also be a focus on energy efficiency with the roof covering and exterior cladding and showroom glazing being optomised to reduce their environmental impact.

The site’s general manager, Darren Murray, commented: “It is a real honour to be selected as a FordStore and offer customers the full range of Ford products and services, including the premium vehicles.

“The significant investment will completely transform the dealership for both customers and colleagues. The fantastic new environment across all areas of the business will be complemented by our exemplary standards of service and we look forward to welcoming new and existing customers.”

hxxp://www.motortradenews.com/news/automotive-news/39365-vertu-invests-in-3million-in-bolton-fordstore.html

[cockerhoop] 20/9/2016 20:06

Bolton FordStore

[bigbertie] 20/9/2016 18:22

There was another big drop after EU referendum, which also hit Lookers and Pendragon. Presumably fall in Sterling was the main driver of that.
However I agree with you about discounted placings.

[kpwf] 20/9/2016 15:02

You can trace the decline of this share right back to a Trading Statement on 8th March when the Board informed shareholders that it was "considering options" to raise further capital which may include a "potential equity issue". That was followed by a discounted placing to institutional investors announced the following day! I think private shareholders are now a bit wary about the possibility of future discounted placings which they are excluded from.

[ksharlandjiev] 20/9/2016 14:10

Most boring stock I've ever hold... let's hope it will move in the right direction anytime soon or I will fall a sleep lol.

[tomoneyfox] 19/9/2016 12:43

Lots of buying here today.

[hays1] 14/9/2016 15:47

Collins Sarri Statham Investments believes carpet and floor coverings retailer Carpetright and car dealer Vertu Motors look like acquisition...

[houxty] 11/9/2016 12:34

my retirement fund

"in the middle of no of f--king no where" Morpeth is an affluent market town with a huge catchment area situated about 15 miles north of Newcastle upon Tyne.

If you choose to find out anything about the demographic of the area, you'll find that it's a very carefully and well thought out location for a dealership.

[cockerhoop] 10/9/2016 19:43

He knows the company really well, the share price is up 30% since his last slagging when he suggested it was going bust. MRF - any more companies you think are going bust, this has the potential to be a very profitable system.

[ksharlandjiev] 10/9/2016 13:38

I see, it seems you know the business better. (Y)

[my retirement fund] 10/9/2016 09:08

Vertu launches Honda dealership in the middle of nowhere


Vertu Honda has opened its new "in the middle of no of f--king no where" dealership following a £430,000 investment............

[ksharlandjiev] 10/9/2016 07:57

Vertu launches Honda dealership in MorpethVertu Honda has opened its new Morpeth dealership following a £430,000 investment.  The new site has created seven jobs, with apprenticeships in the pipeline for later in the year.Vertu created the new dealership by investing in the redevelopment of a servicing centre that had been part of Bristol Street Motors Ford Morpeth. The resulting dealership meets the latest Honda guidelines, and facilities include state-of-the-art diagnostic equipment in the service area, and interactive vehicle creation tablets for curious customers. In addition, there is also a dedicated children's area, complete with a Nintendo Wii and several games.Chad Ridley, sales manager at Vertu Honda Morpeth, commented: "The new site looks amazing and ready just in time for the new for the new 2016 66 number plate. We've got a great range of Honda offers including 0% finance and generous deposit contributions, together with five year service plans for just £555".Chris Taylor, group operations director for Vertu Honda, concluded: "We're really pleased with the result of our investment at the Morpeth site. We've really hit the ground running with this new dealership and it has a fantastic team in place to offer customers the full range of Honda cars together with excellent customer service. We assure you a warm welcome when you visit".

[cockerhoop] 06/9/2016 20:37

Daddy2010,

Interesting video, Robert always comes across well IMO.

It is though from approx 12 months ago, hence the old aftersales numbers and the discussion regarding Peter Jones becoming chairman.

[daddy2010] 06/9/2016 19:44

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

[daddy2010] 06/9/2016 19:42

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 13:36

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 14:26

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 14:01

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 12:45

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

[mortimer7] 05/9/2016 08:05

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 09:50

Thanks, good to see this being tipped in The Times