Vertu Motors Share Discussion Threads

[gripfit] 07/1/2019 10:03

yeh ,,5.75 x ,,,,,,,, silly if u ask me

[woodwards26] 07/1/2019 09:27

Wow one heck of a lot of money paid for a web address. A great deal for vans direct . A chance fo vertu to learn how internet marketing works but they have paid a lot for that knowledge.

[mortimer7] 07/1/2019 09:16

New car registration figures are out this morning for the month of December 2018.
Total number regd was 144,089 a reduction of 5.5% compared to the figure of 152,473 in December 2017.

Also acquisition news from Vertu today.
hXXps://www.investegate.co.uk/vertu-motors-plc--vtu-/rns/acquisition-of-vans-direct-limited/201901070700043027M/

Looks like a very sensible move to me.

[mortimer7] 05/12/2018 09:18

New car registration figures are out this morning for the month of November 2018.
Total number regd was 158,639 a reduction of 3% compared to the figure of 163,541 in November 2017.
SMMT Commented "Model and regulatory changes combined with falling consumer confidence conspired to affect supply and demand in November. The good news is that, as supply constraints ease, and new exciting models come on sale in the months ahead, buyers can look forward to a wide choice of cutting-edge petrol, diesel and electrified cars".

[mortimer7] 04/12/2018 15:54

A contrary view to investorschampion on Vertu, Lookers & Motorpoint......
hxxps://uk.webfg.com/news/broker-recommendations/liberum-initiates-coverage-on-british-motor-retailers-in-the-face-of-sweeping-changes--3630180.html

[mortimer7] 07/11/2018 10:57

Chairman has purchased more shares spending £84k.....

Vertu Motors announces that it was notified on 6 November 2018 of the following acquisition in the Company's ordinary shares by the Chairman, Peter Jones:
228,000 shares purchased at a price of 36.75p per Share.

[mortimer7] 05/11/2018 09:10

New car registration figures are out this morning for the month of October 2018.
Total number regd was 153,599 a reduction of 2.9% compared to the figure of 158,192 in October 2017.
SMMT Commented "Deliveries fell by -2.9% in the month, as model changes and backlogs at test houses conducting tough new WLTP emissions certification continued to cause shortages across some brands"

[woodwards26] 19/10/2018 19:14

Yes I think they will but they are like many motor dealers underperforming because they are not maximising used car sales.

[scobak] 18/10/2018 21:30

SP at close is 35 pence.
I may have the figures wrong but a couple of years ago there was an issue of shares for around 65 pence. Now I may not be a mathematician but buying those back at considerably below issue price seems to make a lot of sense to shareholders.
If the cash is not required for any other purpose and I can't see it does then keep on buying.

[gswredland] 18/10/2018 16:52

Interesting that there was a post that said I think they will survive

[cockerhoop] 17/10/2018 09:54

If the company is able to buyback it's shares at below NTAV or cheaper than available acquisitions then I don't see it as a problem.

[zoolook] 15/10/2018 11:33

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 10:57

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 07:58

Interims our today

[mortimer7] 04/10/2018 08:05

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 07:48

Indeed. That was the rationale for my buy.

[mortimer7] 27/9/2018 09:26

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 13:13

Now trading below NTAV. Topped back up

[alter ego] 24/9/2018 11:06

One possibility

[eastbourne1982] 24/9/2018 09:31

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

[mortimer7] 05/9/2018 12:59

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.