Vertu Motors Share Discussion Threads

[essentialinvestor] 21/7/2020 08:57

Mentioned a couple of weeks ago VTU may be available under 20 again imv,
about there now.

[diku] 21/7/2020 08:29

Fund raising to buy another Dealer?...

[1nf3rn0] 21/7/2020 08:20

Big drop on open today... doesn't look good. Fund raising maybe?

[essentialinvestor] 15/7/2020 09:17

Solid update given circumstances, however I'm not sure there any rush to buy here?.

Perhaps a better idea of how the land lies with the late August update.

At that stage pent up demand caused by lockdown, should have about washed through.

[techno20] 14/7/2020 08:25

Topped up. Remarkably resilient results.

[1nf3rn0] 14/7/2020 08:17

Profit before tax of 9m in June, ahead of original business plan of 8.6m.Used car margins significantly higher (aversion to public transport).Market cap 85m.

[essentialinvestor] 13/7/2020 13:45

Thanks for the TA view, appreciated.

[diku] 13/7/2020 09:51

Looking at that chart a perfect reversal to 20p...no doubt greater 2 way action awaiting there...

[diku] 13/7/2020 09:37

But at what price?...20p?..

[essentialinvestor] 11/7/2020 17:09

Well this looks the sector pick regardless.

[diku] 10/7/2020 18:17

Yes markets need to retest those lows again...

[essentialinvestor] 10/7/2020 16:39

2021 may be the time to buy this sector fwiw, that's been my take for sometime
as mentioned previously.

[diku] 10/7/2020 16:30

If you turn the screen upside down...yes...

[essentialinvestor] 10/7/2020 15:35

Is Robert still looking for his V shaped recovery?.

[mortimer7] 06/7/2020 09:04

Number of new car registrations for month of June announced just now by SMMT.
Total 145,377. Last June was 223,421.

[essentialinvestor] 03/7/2020 20:34

Hi JAF, preference for lower debt on VTU re MMH. CAMB dont know that well.

[jaf111] 03/7/2020 20:18

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

[gutterhead] 03/7/2020 13:30

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

[essentialinvestor] 03/7/2020 11:54

Bought a small amount @ 23 yesterday.

[gutterhead] 10/6/2020 18:45

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 17:27

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 14:00

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.