Vertu Motors Share Discussion Threads

[zoolook] 15/10/2018 12:33

Is cash limiting their stock of used cars?. I doubt it. Buying back shares at a low share price is an efficient way of rewarding investors and reducing their dividend bill.

[woodwards26] 15/10/2018 11:57

Well they did fail to hold above 50 and now look like settling between 35 and 40 . Should they drop closer to 30 I will be back in as that would be overdone.Why oh why do they keep buying their own shares that 115000 purchase today would have been so much better in used car stock.I'm pretty sure they will survive but they could be do so much better.

[sao1] 10/10/2018 08:58

Interims our today

[mortimer7] 04/10/2018 09:05

The UK new car market fell by -20.5% in September, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). 338,834 vehicles were registered in the month, down around 87,000 on the previous year as new testing requirements continue to affect supply and distort the market.

[f15jcm] 03/10/2018 08:48

Indeed. That was the rationale for my buy.

[mortimer7] 27/9/2018 10:26

I thought the dip here might be in anticipation of a poor september outturn for new cars. If that was the case, you'd expect it to apply across the sector. In terms of share price comparison with the recent period when Vertu's share price has dipped, Pendragon & Lookers are OK, Cambria & Marshall have dipped but not quite as much.

So on the whole, not really any wiser.

[zoolook] 24/9/2018 14:13

Now trading below NTAV. Topped back up

[alter ego] 24/9/2018 12:06

One possibility

[eastbourne1982] 24/9/2018 10:31

What has caused the drop here, 50p to 42p !

[mortimer7] 05/9/2018 13:59

SMMT commentary seems to infer buys may have been pulled forward in to August from September due to regulatory changes. ie WLTP will apply to all new registrations from September this year.

[effortless cool] 05/9/2018 12:18

Wow - any reason for such a large increase (albeit in a small month)?

[mortimer7] 05/9/2018 09:10

SMMT released the unit numbers for UK new car registrations for July 2018 this morning.
Total units registered was 94,094 an increase of 23.1% compared to August 2017 total of 76,433. The best August since before 2002.

[sao1] 13/8/2018 22:09

Quite happily ping ponging between 49 and 52 for the last month... which way will it go? And why?

[mortimer7] 06/8/2018 09:17

SMMT released the figures for UK new car registrations for July 2018 this morning.
Total number of units registered was 163,898 an increase of 1.2% compared to July 2017 total of 161,997.

[mortimer7] 26/7/2018 15:26

Reasonable AGM statement yesterday concluding with "The Board expects that trading for the year ending 28 February 2019 will be in line with market expectations".

Sector will probably be right for more acquisitions, enabling Vertu to cherry pick similarly to how they evolved the business during & since the credit crunch.

[mortimer7] 05/7/2018 09:12

SMMT released the figures for UK new car registrations for June 2018 this morning.
Total number of units registered was 234,945 a decrease of 3.5% compared to June 2017 total of 243,454.

The drop off was attributable mainly towards the Fleet Sales sector (down 6.4%), with private regns only down a notional 0.6%.

[mortimer7] 02/7/2018 09:24

Acquisition news

[effortless cool] 28/6/2018 09:38

No - 30 July.

[sao1] 28/6/2018 09:33

Div pay day tomorrow?

[mortimer7] 05/6/2018 09:07

SMMT released the figures for UK new car registrations for May 2018 this morning.
Total number of units registered was 192,649 an increase of 3.45 compared to May 2017 total of 186,265.
Private demand in the month grew by 10.1%, with more than 83,000 consumers driving home in a new car, and offsetting ongoing declines in the business and fleet sectors, down -9.6% and -0.7% respectively.

[sao1] 31/5/2018 14:25

Why the sudden jump?