Vertu Motors Share Discussion Threads

[w1ndjammer] 07/10/2020 07:51

Quality set of results.......

WJ.

[mortimer7] 05/10/2020 09:29

Factor in that new car registrations are now likely proper end user sales & not dealers pre registrations to hit manufacturer targets & things look a whole lot brighter.

[gutterhead] 05/10/2020 09:28

last YEAR REGISTRATIONS ALSO INCLUDED a lot more PRE REGISTRATIONS, cars registered but not sold.....sept and third quarter numbers are going to be much bigger.

Retail sales in sept, REAL sales are much bigger than last year

the question is....will it continue into the fourth qtr......

[gutterhead] 05/10/2020 09:25

new car margins better and used car volumes and margin are up

[mortimer7] 05/10/2020 09:12

The total number of new cars registered in the UK in September were 328,041 vs 343,255 last year. A 4.4% reduction on September 2019. (SMMT Figures).

[viking24] 02/10/2020 16:33

Numbers next week, should show bumper September sales

[gipps] 01/10/2020 17:56

Tomorrow ?

[viking24] 01/10/2020 16:53

On line surprise tomorrow.Interesting to see if our Canadian friends buys more!

[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?