Vertu Motors Share Discussion Threads

[essentialinvestor] 25/11/2016 10:00

Well did day never say never ).


LOOK is my preferred UK sector play, but atm it is difficult to be optimistic.

Then again that is often the most interesting time to find longer term value,
many of the miners have doubled in 12 months, when this time last year people thought the
world was ending.

By no means do I think the same will happen in this sector, but longer term
worth watching, just IMV.

The new car market looks to be cooling and the SMMT report I mentioned last week
estimates an approx 5% decline in 2017, second hand sales look more resilient
and there are some defensive qualities in after sales.

Many sector companies went in to the last downturn heavily geared, INCH as one example
had a half a billion in net debt, they now have about 200 Million net cash.

[my retirement fund] 25/11/2016 09:46

LOL this is AIM ! How many times have you witnessed purchases of businesses for stupid multiples of earning with complete disregard to shareholder value? How many times have you seen AIM companies issue shares to buy businesses that don't even have any turnover or assets come to think of it. I've personally lost count.Don't forget this is the wild west and vertus gung-ho style coupled with AIM should already tell you that this is not only possible but quite probable.

[essentialinvestor] 24/11/2016 15:31

Never say never, however a placing at this share price is a non starter, pun intended ).

You can't issue shares on about 7x and buy a private company much cheaper.

They have no need for funds now in any case, not holding VTU atm.

[my retirement fund] 24/11/2016 11:01

I think it's time they started to rationalise their portfolio and start closing unprofitable branches.

[marine boy] 24/11/2016 07:34

VTU does not need a placing. It has circa £140m agreed in banking facilities of which only £9m has been drawn down. It would not make sense to place shares at current share price when they placed at 62.5p in March. I don't buy into that fear. With the sector subdued, it would also be a good time to consolidate, make purchases etc. I don't see less traffic on the roads.

[danieldruff2] 22/11/2016 15:42

Think the market is scared of a placing to fund acquisitions and won't give this a proper rating until that threat has materialised or gone away

[mortimer7] 22/11/2016 15:22

Extremely surprised to see the share price below 40p just now.
I think that's less than the tangible NAV. Bargain territory now!

[essentialinvestor] 19/11/2016 17:01

SMMT report published Wednesday on estimates for the 2017 and 2018 new car market.

If you want to read the report it's covered in MotorTrader.com.


A further smaller drop forecast for 2018.

[chrisself] 18/11/2016 12:38

"There is a survey this week on the UK new car market for 2017, expecting an
approx -5% drop in sales next year."

No there isn't.

[essentialinvestor] 18/11/2016 12:15

There is a survey this week on the UK new car market for 2017, expecting an
approx -5% drop in sales next year.

Not surprising given the multiple years of expansion in the new car market.

[mortimer7] 17/11/2016 10:14

Used Car sector: Q3 2016 Demand grew 7.9% compared with Q3 2015....
hxxp://www.am-online.com/news/used-cars/2016/11/17/used-car-sales-reach-record-levels-in-q3?utm_source=dlvr.it&utm_medium=twitter

[marine boy] 17/11/2016 07:42

Post Brexit prices. This sector is rife for consolidation / takeovers or even mbo's.

[tonybaloni] 16/11/2016 20:10

Even more disappointment!!

[marine boy] 15/11/2016 16:26

From 3.5% up to 3.5% down in a day - very disappointing.

[mortimer7] 14/11/2016 15:08

Another site open. More revenue...
hxxp://www.motortradenews.com/news/automotive-news/39648-doors-open-at-5m-macklin-motors-nissan-glasgow.html

[effortless cool] 12/11/2016 00:14

ebab - always glad to help.

[marine boy] 11/11/2016 21:59

"Plenty of firepower
Our current estimates suggest that the group balance sheet will show modest net debt at February 2017, despite capex running well ahead of depreciation. With bank facilities totalling £134m, including £40m dedicated to acquisitions, the group has plenty of firepower to respond to the growing number of opportunities.

Current facilities, which are largely unused, total £134m – these include a £40m acquisition facility and £79m related to working capital and used vehicle funding, of which just £9.2m is being used currently."

hxxp://www.edisoninvestmentresearch.com/research/report/vertu-motors28/preview/

[eggbaconandbubble] 11/11/2016 21:02

mmmm! Thank you.

EC - Really!

wbas - Interesting. Please can you expand on that a tad. Cheers!

[webuyanyshares] 11/11/2016 17:41

They have NO Debt!!!!!

[effortless cool] 11/11/2016 17:12

It is because they have borrowed a lot of money.

[eggbaconandbubble] 11/11/2016 16:58

Can someone please explain (simply) why this companyhas such a large debt?

[webuyanyshares] 10/11/2016 17:58

Made an extra 60 Million since then!

[mortimer7] 10/11/2016 09:29

Closing share price yesterday 40.50p.
Closing share price 9th Nov 2012 40.12p.

[mortimer7] 04/11/2016 09:11

UK new car market experienced 1.4% growth in October compared to October 2015 according to todays figures published from SMMT. 180,168 cars were registered last month.
Year-to-date performance remains ahead of 2015 by 2.5%, with 2,330,663 new cars registered.
SMMT Chief Executive said "September’s number plate change is always a hard act to follow so the market’s growth in October, albeit moderate, is welcome news"

[eggbaconandbubble] 27/10/2016 10:39

It's time that Carney geezer resigned and they replace him with someone useful.

If the woman does a good job on Brexit we shall be on a roll!!!