Vertu Motors Share Discussion Threads

[jaf111] 03/7/2020 19:18

EI....any particular reasons for favouring VTU over other car dealers (CAMB & MMH specifically)?

[gutterhead] 03/7/2020 12:30

I think that'll turn out to be a good purchase, good luck with it

[essentialinvestor] 03/7/2020 10:54

Bought a small amount @ 23 yesterday.

[gutterhead] 10/6/2020 17:45

they've already launched support to Electric vehicle new vehicle sales but these are such a small proportion of overall sales-the motor industry is asking for more widespread support.
you maybe right about 2021 but the dealers will need it far sooner and ideally for the September plate change market.
my guess is that it'll be very soon....who knows 😀

[essentialinvestor] 10/6/2020 16:27

Happen to think it will happen, at least in some form.
Perhaps under the guise of taking highest polluters off the road.

Might expect this in 2021.

[gutterhead] 10/6/2020 13:00

must be right then....
I wasn't saying it will our won't happen-I said that IF it were to happen, VTU have a good bias towards volume franchises and they would benefit more than the average motor group.

[essentialinvestor] 10/6/2020 12:33

Not according to a report in last night's FT.

[mortimer7] 04/6/2020 08:06

SMMT data just out showing 20,247 new cars registered in May in the UK.
89% decline vs last May. Better than Aprils total of 4,321.

[essentialinvestor] 03/6/2020 11:13

One of the long term sector winners - guessestimating .

However, their net cash is gone, pre COVID profitability may not be seen again
for many a moon.

Added to that we have a possible EU hard exit for this sector to navigate.

[my retirement fund] 03/6/2020 10:38

So basically carry on doing what they've been doing for the last 5 years then. Hmmmm

[mortimer7] 03/6/2020 09:48

Results day for y/e 29/2/2020. Particularly strong Aftersales performance.

Realistically, it's now about current & future situation.
Narrative & PR today very clear:
"Group is very well positioned to take a larger role in the sector through consolidation and growth opportunities and has the ambition to do so".

[mortimer7] 26/5/2020 09:19

Robert Forrester on BBC Breakfast this morning (7.47am - 4 mins) in piece on showrooms reopening on 1st June, what protocols are in place & pent up demand for vehicles.

[mortimer7] 26/5/2020 09:19

Robert Forrester on Sky News Breakfast 1st June on showrooms reopening day.

[essentialinvestor] 13/5/2020 17:29

Fair comment, did say the BOD rather than CEO.

[tudes100] 13/5/2020 02:17

He's got 7m shares, not sure tipping in another £50k is going to make any difference to overall sentiment

[essentialinvestor] 12/5/2020 10:39

If it's that great you might expect the BOD to buy a few...?

[tudes100] 12/5/2020 07:00

tweeted an hour ago by Robert Forrester "Yesterday was the group’s busiest day since March. 3369 phone calls answered centrally, 3932 service bookings and a massive 605 internet sales enquiries, 50% up on last week! Biggest day on ordertake as well"

[tudes100] 12/5/2020 02:00

Decent volume, s/t target 32p

[tallprawn] 11/5/2020 09:22

Some nice buys arriving so far today. A positive update last week from VTU - A bowl pattern is forming on the chart for a move back to the 35p area soon.

[mortimer7] 07/5/2020 08:24

From todays update...
"an order bank has been built up since 25 March, comprising 825 retail vehicle orders and 749 fleet and commercial orders. These firm orders and the order bank from previous months, as yet undelivered will be delivered to customers once the Government's restrictions on showroom operations are lifted"

[welsheagle] 06/5/2020 14:26

There is still a lot of pent up demand once the lockdown is lifted.

[mortimer7] 05/5/2020 08:18

Figures just published by SMMT show the number of new cars registered in the UK in April were 4,321. April 2019 was 161,064. A 97.3% decline.
In April there are similar falls across Europe, with France 88.8% down and the Italy 97.5%.

[w1ndjammer] 28/4/2020 13:59

steady as she goes

WJ.