Vertu Motors Share Discussion Threads

[danieldruff2] 26/7/2017 08:45

And a share buyback. Continue to think this one is 50% undervalued

[mortimer7] 26/7/2017 08:07

"Though market conditions have softened, I am pleased to confirm that your Company remains well positioned both operationally and financially. Accordingly, at this stage, the Board expects the Group's trading performance for the year ending 28 February 2018 to be in line with market expectations"

[pugugly] 26/7/2017 06:25

Softening in market confirmed by AGM statement - https://www.investegate.co.uk/vertu-motors-plc--vtu-/rns/agm-statement/201707260700030773M/ Question unanswered as to how long this will continue - Reading between the lines company is belt tightening and preparing for continuationespecially until clarity over Brexit - or otherwise !!!!

[mortimer7] 05/7/2017 08:22

Gross profit from Feb 2017 y/e accounts: Aftersales £123.4m 39.4% Used Vehs £100.7m 32.1% New Vehs £ 89.4m 28.5% Total £313.5m 100% By way of illustration that new vehicles is the 3rd highest revenue stream & subject to too much focus in terms of Motor retail Co's share price in my opinion.

[mortimer7] 05/7/2017 08:06

Figures are out from SMMT this morning for new car registrations in June. Total 243,454, which as expected by the market is a decrease of 4.8% compared to June 2016. However, the 6 months to June total still represents the 2nd highest half year total ever recorded.

[r ball] 02/7/2017 21:30

Blew co: ever sell is a buy anyway. Volume is a useful indicator. Anyway I would avoid VTU. As ppi fades away then car volumes may fall further...

[blewco] 30/6/2017 11:33

Sells 734,000, Buys 190,000 and the price goes up? Is someone hoovering these up?

[mortimer7] 22/6/2017 13:23

IMO this is now looking stupidly cheap, all the worst scenarios from macroeconomic circumstances (eg Brexit deal) seem to have been factored in to the share price by the market. This extract is from from the results in May: "The Group has an ungeared balance sheet with shareholders' funds of £246.4m (2016: £197.9m), representing net assets per share of 62.3p (2016: 58.0p) as at 28 February 2017. The Group has tangible net assets of £156.1m (2016: £130.6m) and the balance sheet is underpinned by a freehold and long leasehold property portfolio of £182.0m (2016: £137.7m)" So tangible net asset values around 40pps.

[danieldruff2] 15/6/2017 08:21

Some of these stocks are already bashed down because of such fears and when they materialise they get a double bash and fall to silly valuations. That's what happened to DFS this morning so I bought some on the drop. Ideal buying opportunity. Don't think we'll see as big an opportunity here - I wouldn't place cars and furniture together.

[pugugly] 15/6/2017 08:07

From the DFS trading update this morning - Chances of a read across to VTU car sales both new and pre-used HIGH (imo) "In our half year results announcement on 30 March 2017, we highlighted the expectation of a softer market environment in the second half of our financial year. The trading environment has however recently weakened beyond our expectation, with significant declines in store footfall leading to a material reduction in customer orders. We believe these demand effects are market-wide, in line with industry indicators, and are linked to customer uncertainty regarding the general election and the uncertain macroeconomic environment."

[mortimer7] 05/6/2017 08:07

The anticipated dip in new car registrations was confirmed for the month of May this morning as SMMT figures show a drop compared to May 2016:- "UK new car demand falls -8.5% in the month as buyers hold back ahead of June general election, with 186,265 cars registered"

[ferries5] 14/5/2017 07:03

Vertu launches online used car sales platform hTtp://www.motortrader.com/motor-trader-news/automotive-news/vertu-launches-online-used-car-sales-platform-11-05-2017 htTps://www.bristolstreet.co.uk/buy-online/ Somewhat glitchy, needs refining but it looks good !!

[cockerhoop] 10/5/2017 22:20

EC, Agree with regards to the profit margin CAMB is certainly higher (I imagine that reflects the higher proportion of luxury/premium franchises they hold). I'm not sure ROE is a great metric to compare car dealers with as CAMB's higher figure reflects it's somewhat weaker balance sheet. CAMB ROE will I think trend down as they have some major freehold investments to make at their Land Rover dealerships in the next couple of years. CAMB's P/E a little higher and dividend less than half. Agree a lot to like about both companies.

[cockerhoop] 10/5/2017 14:38

JAF111, Interested why you prefer CAMB? VTU LFL's superior over last few periods.

[loafingchard] 10/5/2017 12:12

http://www.stockopedia.com/content/small-cap-value-report-10-may-2017-vtu-183267/Paul Scott likes it : " I like it. It's not one I hold personally at the moment, as I'm focusing more on growth shares. That said, am really tempted to buy back in, as the valuation seems compelling.It's not often you find a reasonably well financed company, paying divis, which has reported strong results & outlook, and is on a PER of around 6 or 7. There could be upside here, if the various downside worries sort themselves out in due course.The StockRank is 82, so Stockopedia's computers rather like it too! "---------I like it too , happy to hold. GLA , DYOR etc

[jaf111] 10/5/2017 11:45

Have had a quick glance at VTU results.....seem ok BUT (not for the first time) I feel that Cambria looks a much better proposition.....their Interims out yesterday....Suggest people take a look at them!

[mortimer7] 10/5/2017 10:21

CEO Robert Forrester Webcast on todays results... hTTp://webcasting.brrmedia.co.uk/broadcast/59119f8596c88f52933d2b2f

[danieldruff2] 10/5/2017 07:55

I don't think that's entirely fair. The number of shares was increased at the start of the financial year from a placing. Assets were bought throughout the financial year but have not had a full 12 months to contribute to profits, so there is a lag effect on eps.

[pugugly] 10/5/2017 07:41

chrisb1103:> Agree on the surface looks good BUT key criteria of eps up by less than inflation - Very poor performance for shareholders.

[chrisb1103] 10/5/2017 06:48

Rock solid results. Record profits £29.8M up 14.6% EPS 6.1p, net cash £21M, Tangible NAV per share 39.5p "Trading up to the end of April 2017 has been strong giving the Board confidence for the future. The full year dividend has been increased by 7.7%." Way too cheap imv

[mortimer7] 09/5/2017 14:46

Final results day tomorrow. Share price could do with a boost...

[mortimer7] 04/5/2017 08:16

Commenting on Aprils figures, Mike Hawes, SMMT Chief Executive, said: "With the rush to register new cars and avoid VED tax rises before the end of March, as well as fewer selling days due to the later Easter, April was always going to be much slower. It’s important to note that the market remains at record levels as customers still see many benefits in purchasing a new car. We therefore expect demand to stabilise over the year as the turbulence created by these tax changes decreases".