Vertu Motors Share Discussion Threads

[mortimer7] 01/3/2017 11:37

Brief 2 minute conversation with Robert Forrester (CEO) on todays trading update.
Well worth a listen.

[danieldruff2] 01/3/2017 10:13

Agreed though I think it'll be 2018 before this share is properly valued. Don't want to be holding much UK focused stuff post-Brexit, especially smaller market caps, only taking the risk with this one and TEF

[mortimer7] 01/3/2017 10:03

Very impressed with the update today. Well constructed & informative narrative surrounding all the usual information.
It's just a year since VTU undertook their large placing at 62.5p, so I agree with the view that the share price has plenty of scope to move upwards from current levels.

[chrisb1103] 01/3/2017 09:48

This is a bargain imo. Steady all the way back to 75p in due course

[seball] 01/3/2017 07:19

Good solid results to meet expectations. Expect this to break 50p today. Good luck

[eggbaconandbubble] 10/2/2017 12:00

If a car is leased through a lease company is that classed as a private registration?

[phillis] 06/2/2017 15:14

12 year record

[mortimer7] 06/2/2017 09:13

SMMT have published their new car registration figures for the month of Jnauary 2017 this morning.
A total of 174,564 units were registered compared to 169,678 in January 2016.
Within this total figure, private registrations led the growth, registering 76,729 new cars – up 5.0% on January 2016.

[luthier] 03/2/2017 21:27

Relatively robust demand despite all the negative speculation?!

[zoolook] 03/2/2017 19:21

My guess - they were all drastically marked down because the good times were seen to be ending yet consumer confidence remains high and borrowing is cheap and BOE forecasts are positive.

[mfhmfh] 03/2/2017 14:02

Sector seems to be turning positive.

VTU, LOOK, MMH all rising.

Any reason for this?

[mortimer7] 24/1/2017 11:08

Used car market thriving in 2017...
hXXp://www.motortrader.com/motor-trader-news/automotive-news/used-car-market-sees-strong-start-year-24-01-2017?utm_source=Editorial&utm_medium=Twitter&utm_campaign=LatestNewsTitle

[houxty] 09/1/2017 16:14

A few days old but encouraging comment on MF

[r ball] 06/1/2017 19:30

What about the end of the PCP merrygoround. When will the dealers stop offering to roll over 3 year deals and instead ask for the balloon payment. This could be happening soon with rising interest rates and weak sterling reducing imports.

[mortimer7] 05/1/2017 10:04

So the 2016 registration figures are good news again for the motor sector. And even if there is a reduction or flattening off of new registrations in 2017 I don't think that will impact alot on Vertu. Through their acquisition strategy they've increased their % share of the UK new car market over several years. By way of illustration:-

SMMT Total UK New vehicle registrations for the year
2015 2633503
2014 2476435
2013 2264737
2012 2044609

VERTU New vehicle sales for their financial year. (2015 are year to Feb 2016 & so on)
2015 79490. 3.02% of above figure
2014 71291. 2.88%
2013 56322. 2.49%
2012 49817. 2.44%

The knock on effect on Aftersales revenue from the above increases has the potential to generate substantial incremental profits IMO.

[my retirement fund] 05/1/2017 09:48

Indeed and the society of motor manufacturers predict a 5% drop in new car sales for 2017.

Therefore it appears this little AIM listed stinker has been busy buying up dealers left right and centre right at the top of the market.

lol.

LOL !

[mortimer7] 05/1/2017 09:20

This morning SMMT issued the new car registration figures for December showing a total of 178,022 units which gives a final number for the 2016 year of 2,692,786.
Which is the highest ever number of new cars in a calendar year up 2.3% on 2015.
This represents the fifth consecutive year of growth.
SMMT CEO Commented "Despite 2016’s political and economic uncertainties, the UK’s new car market delivered another record performance as car makers offered an incredible range of innovative and high tech models".

[ferries5] 04/1/2017 10:42

Vertu plans Farnell JLR development in Bolton

No mention of costs

[brummy_git] 29/12/2016 12:17

FCA have already announced that all PPI claims end next year (minimal/zero VTU exposure anyway), whilst the PE exit route seems pretty simple - relist the company back on the LSE in 5 years' time at a higher valuation?

[miikke] 29/12/2016 11:47

Agreed it's just a sleepy income earner for now- any expansion will just dilute earnings- they've been doing that for years as I see it

[r ball] 29/12/2016 11:46

Run off of PPI may hit consumer spend

[r ball] 29/12/2016 11:45

No. What is the exit route in 5 years time and what can PE bring to the table?

[brummy_git] 29/12/2016 11:08

Asset rich, cash generative, plenty of exposure to auto aftermarket/2nd hand sales and cheap. All told VTU sounds like good cannon-fodder for an opportunistic private equity bid?

[mortimer7] 29/12/2016 10:51

Good last few trading sessions for VTU. Since closing at 41.75p on 21st Dec, share price is now 44.88p. The highest level since early October.