Vertu Motors Share Discussion Threads

[marine boy] 15/12/2016 07:37

Interim of 0.5p payable 22nd Jan 2017. Ex divi around 24th Dec.

Finals June / July 2017

[eggbaconandbubble] 14/12/2016 19:04

Dividend cover is 4.7 so I assume divi next 28th Feb will be comfortably 1.5p giving a yield of 3.5%. maybe more!

[gswredland] 14/12/2016 17:54

According to Advfn it is 3.06%

[david2013] 13/12/2016 22:28

Can someone remind me what the dividend is in VTU? It looks rather good value at current levels.

[alter ego] 06/12/2016 14:10

buy and sell indicators are notoriously unreliable as the underlying assumption that above mid price must be a buy and below must be a sell is very often wrong. Actual trade direction data isn't available. Draw your own conclusion as to how useful the buy/sell indication is.

[eggbaconandbubble] 05/12/2016 12:56

Every time I have looked at the trade volumes over the last few weeks on ADVFN the 'buys' always seem to be quite a lot larger than the 'sells' vols.
Anyone any idea?

[joe say] 05/12/2016 12:32

Would undoubtedly be true once Quitaly, Helloutandia of here (the netherlands)and others leave the doomed project

[eggbaconandbubble] 05/12/2016 11:48

I just can't see Brexit having any impact on the well salaried middle classes being able to make the payments on the lease agreement for their Mercs, Jags, Beemers or Range Rovers!

Any probs, just increase the mortgage!

[mortimer7] 05/12/2016 10:32

Not strictly VTU, but I think this is a positive illustration of the current state of the UK Motor Retail sector. From front page of Motor trade News today:-
Pendragon have announced a recruitment drive aimed at finding an extra 300 technicians nationwide for their Evans Halshaw & Stratstone dealerships. Trevor Finn CEO commented "despite significant commentary on the potential negative impact of the EU referendum, we have not experienced any noticeable change in our customers' buying behaviour".

[gswredland] 05/12/2016 10:25

Yep that's good. Thanks Mortimer

[mortimer7] 05/12/2016 09:47

SMMT released their figures for new car registrations for November this morning, which show a 2.9% increase compared to Nov 2015. Fleet and Business registrations are the growth areas.
Encouraging news again for the Motor sector.

[eggbaconandbubble] 02/12/2016 14:41

I thought Corbyn had that title.

[houxty] 01/12/2016 15:18

Other than the gibberish in the link below, I can't see anything. Very welcome though, perhaps there's life after all.

hxxp://belmontbusinessjournal.com/update-on-valuation-formulas-for-vertu-motors-plc-aimvtu/34611/

[miikke] 01/12/2016 15:04

Interesting rise this afternoon- any explanations- perhaps the selling was overdone!

[darnoc64] 26/11/2016 13:48

EPS increased almost 30% between 2015 and 2016. Is that not progress?

[miikke] 25/11/2016 22:20

This company seems to have made loads of purchases but has only marked time and seems to have made no progress with earnings per share in a real sense yes bigger turnover and bigger profit but given the share price and eps what's the point?

[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