Vertu Motors Share Discussion Threads

[sellmycarscouk] 21/9/2020 08:37

Buying more dealerships may also not be in the share price!
Great Post from above!

[essentialinvestor] 16/9/2020 17:59

Johnson talking about imposing tariffs on EU goods today in certain circumstances -
in the event of a no deal.

That scenario may not be in the share price.

[farrugia] 09/9/2020 11:00

Vertu Motors predicts record new car sales for September

[gutterhead] 04/9/2020 12:09

Q4 is always tough but maybe much more so this year. Q1 is normally best quarter of the year. I tend to agree with you, I’m also cautious with unemployment likely to hit all time highs

[essentialinvestor] 04/9/2020 11:22

Would expect Q4 and Q1 2021 to be a lot tougher as unemployment hits.

Perhaps I'm being too cautious.

[mortimer7] 04/9/2020 09:17

SMMT have reported today that UK new car registrations in August were 87,226.
A 5.8% decrease on August 2019 total of 92,573.
SMMT commented:
"August is typically one the new car market’s quietest months, it’s important not to draw too many conclusions from these figures alone. With the all-important plate change month just around the corner, September is likely to provide a better barometer".

[essentialinvestor] 02/9/2020 15:42

Much appreciated folks on the heads up.

[pj84] 02/9/2020 15:18

Just reposting the link. (edit beat me to it.)

Whatever the reason for the purchase, it is a sizable investment by someone with knowledge of the industry.

[hard work] 02/9/2020 15:10

Had to google Richard Teatum...

hxxps://cardealermagazine.co.uk/publish/stoneacre-dealer-group-owner-richard-teatum-invests-3-3m-in-vertu-motor-group-but-is-a-tie-up-likely/201607

[essentialinvestor] 01/9/2020 17:54

Hopefully they can get back to a net cash position.

Due to update late October and would expect a net cash/debt figure to be clearly stated, unlike the recent update.

[mortimer7] 01/9/2020 16:14

Robert Forrester on BBC Look North local news today (Tyne Tees/Yorkshire): Stating...
"Think this will be the biggest September we've ever had in terms of new car sales,
on the back of two record months in terms of sales generally, and I think it'll probably be our most profitable month".

[sao1] 24/8/2020 15:40

Haha. I guess what I meant was "what's driving the sudden near 10% increase in the SP" which was true at the moment of the post.

[sao1] 24/8/2020 09:41

What's driving this increase in SP?

[aylingd] 21/8/2020 09:06

Very nice update.

Strange share price action. Clawed its way back up to 30p in June when the outlook was uncertain. Now future looks more assured 25p is the best we can do.

I would hope for a rerate to at least 30p, maybe 35p. Not sure what Liberum's timeline for 50p is, optimistic in the short term I would have thought.

D.

[1nf3rn0] 20/8/2020 14:52

Liberum have reiterated Buy with a 50p target

[essentialinvestor] 20/8/2020 11:05

I took 24.10, unfortunately was out at the market open and missed
the best price.

Expect VTU to be a longer term sector winner.

Disappointed no net debt/net cash figure was given today.

Yes they mentioned liquidity, hosever it's useful to known the net debt numbers. Luck to those holding.

[diku] 20/8/2020 10:39

0% finance?...similar to furniture sale...

[sphere25] 20/8/2020 09:16

Just like that!

There is still a seller at work here though. They had been hitting the bid at 22p and slightly over.

As already pointed out here, even though the statements have been reassuring recently, the sellers don't believe it is sustainable, but the bulls might have more to say today.

Should be an interesting ding-dong

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Sphere25
6 Aug '20 - 08:29 - 1635 of 1649 Edit
0 0 0
Yes, good news.

The last update was solid enough in this environment too. Just watching that chart to see if it starting to flatten and curve around for a pop higher soon.

[gutterhead] 19/8/2020 12:18

Essential
Think your spot on. Def pent up demand driving it atm

[diku] 19/8/2020 10:24

Yes if you start something from near zero it would look like a V shaped to the moon...they always come up with some fancy lease purchase plans to entice customers...