Vertu Motors Share Discussion Threads

[hard work] 02/9/2020 14:10

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 16:54

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 15:14

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 14:40

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 08:41

What's driving this increase in SP?

[aylingd] 21/8/2020 08:06

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 13:52

Liberum have reiterated Buy with a 50p target

[essentialinvestor] 20/8/2020 10:05

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 09:39

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

[sphere25] 20/8/2020 08:16

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 11:18

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

[diku] 19/8/2020 09:24

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...

[essentialinvestor] 13/8/2020 13:52

gh, recent sales strength may be pent up demand caused by
the lockdown.

So when Robert references a V shaped recovery, I would be less sure that's sustainable. Then again, he's the one running the Company!.

The unemployment hit still to come may wash that optimism away.

[gutterhead] 13/8/2020 12:49

The fourth quarter is always the least profitable, this year isn't going to be any different and might be significantly worse. a lot still depends on what the govt does to stimulate demand

[essentialinvestor] 13/8/2020 11:43

Have an S90 and it's a month wait list to have it serviced.

[essentialinvestor] 11/8/2020 18:31

The upside for Vetu is a likelihood they are a longer term sector winner.
They also look one of the better run UK motor dealerships and debt is amoung
the lowest in the sector

The more tricky bit is the boat load of UK job losses to hit over the next 3/4 months and whether we are seeing pent up demand (post lockdown) work through the economy atm; which may dissipate as autumn hits.

[diku] 11/8/2020 14:09

You started it...is that 2 lots of 400k dumped.. or one buy and one sell...

[essentialinvestor] 11/8/2020 12:07

I would be more confident if people were posting a few more cautionary comments!.

Numerous people adding makes me nervous.

[essentialinvestor] 11/8/2020 10:57

Had a few, expected under 20 again, which has not happened up to now.
Small position as not feeling brave.

[seball] 10/8/2020 14:29

Bought in today looks undervalued at this price. Good luck all