Vertu Motors Share Discussion Threads

[marine boy] 27/10/2016 10:16

So much for economists:

UK GDP Defies Brexit Vote Fallout With Services Surge

"The expansion - though slower than the 0.7 percent in the three months through June - marked a 15th straight quarter of growth. Only three of 50 economists surveyed by Bloomberg correctly predicted the number, with everyone else forecasting a weaker reading. The BOE, which revised up its estimate last month, saw a 0.3 percent pace."

[ferries5] 27/10/2016 10:15

Slight boost from the Nissan news.

[ferries5] 25/10/2016 14:18

Preview of the new Nissan Dealership In Glasgow
Its not finished yet but looks impressive.

[marine boy] 25/10/2016 08:04

So what they are saying is that they will pass on the increased costs to consumers - hmmmm!

Anyway, still feel that the pe of 6.5 compared to INCH at 13 is oversold territory.
At just 7.5 (PEND) the share price would be at 48p which is where I expect it to be at the min by Christmas latest.

[mortimer7] 25/10/2016 07:52

This paragraph from the Pendragon RNS today (Outlook commentary):

"based on discussions with our franchise partners, we do not anticipate any material effect on new vehicle pricing as a result of exchange rates, since we believe the car manufacturers will try to mitigate this cost to consumers via monthly payments".

Since the listed UK motor retailers share the same franchise partners, I think it's fair to say this significant statement can be applied to VTU & the rest.
PDG also report increased revenue for Quarter 3.

[eggbaconandbubble] 25/10/2016 06:57

Pendragon RNS today - Happy as Larry!

[essentialinvestor] 20/10/2016 13:19

Pole, if you are seriously asking the question rather than expressing
incredulity, the market is attempting to factor in a potentially tougher 17/18.

It looks a very aggressive sector de-rating to me, however it may be correct,
the outlook should be clearer within a few months.

Look and Inch are both on my watch list, no direct sector holdings atm.

[marine boy] 20/10/2016 07:29

Just the sector getting a pounding because Little ol' Britain voted to leave the dis-United States of Europe. Great buying opportunity imo.

[polecat70] 19/10/2016 18:31

Ok, what's going on! Good news is suppose to make the shares go up not down, can anyone put light on this? It all seems bonkers to me when the company looks great on paper.

[marine boy] 18/10/2016 14:44

66.4p hardly looks like much of a discounted share placing now!

And according to Edison they have £134m banking facilities in place with £40m dedicated to 'opportunities'.

[shanklin] 18/10/2016 12:32

The problem with VTU is the discounted share placings whenever they need cash to add to their dealer portfolio. Its proved an excellent method for shareholder value destruction.

What proof is there that they won't repeat this lunacy?

All IMHO.

Cheers, Martin

[alphapig] 18/10/2016 09:23

That's a substantial trade, oiks!

[mortimer7] 18/10/2016 09:17

Thanks for posting the Edison note. Particularly like this bit:
"The ratings of the main five quoted UK motor dealership groups cover a very narrow range and at a substantial discount to that of the FTSE All-Share General Retailers Index (CY16e: 6.9x vs 13.3x). We believe that this discount does not reflect the defensive characteristics of the sector. Vertu, with its latent profit potential emanating from recent investment, looks particularly attractive".

[paleje] 17/10/2016 15:52

Edison have a new note out singing the virtues of Vertu but I think we know them. It's what isn't known that's doing the damage.

[paleje] 17/10/2016 10:34

I thought it was one a few points higher.

L/t surely anywhere around this level should be ok, but Robbie is a trader doesn't like seeing his money go backwards. Nor do I but timing isn't so easy or we'd all be doing it.

[marine boy] 17/10/2016 10:06

Looks like a Warren Buffet moment then.

[paleje] 17/10/2016 09:59

Robbie Burns sold out of the motor sector last week saying looks cheap but sentiment is shot and no point fighting the market. He might have a point. Timing!

[loafingchard] 17/10/2016 09:41

The whole sector looks good value at the mo, imo. Sterling is weighing I guess. ...

[marine boy] 17/10/2016 09:12

Should be about 46p then based on 6 months 'Earnings per share of 3.87p (2015 H1 : 3.82p).

[essentialinvestor] 15/10/2016 10:54

Lookers now selling under 7X forward earnings, so 6X may be around the
multiple the market is willing to pay atm.

INCH will usually sell on a higher rating as it's a multi continent distributor
and retailer.

[gswredland] 13/10/2016 16:06

Not yet hopefully . Looking from the sidelines

[marine boy] 13/10/2016 14:40

I thought it was already there.

[joe say] 13/10/2016 10:39

Heading towards bargain territory imo

[houxty] 13/10/2016 09:08

On the new car front, I like this strategy of adding premium brands to the mix. It's rarely the wealthy who suffer during unstable financial times and we've seen in other sectors that premium products remain very much in demand.