Vertu Motors Share Discussion Threads

[gutterhead] 06/12/2020 11:21

It was announced on 15th October, already priced in.

[jaf111] 05/12/2020 17:47

Definitely an interesting play on Brexit....could certainly see the shares falling to, if not below, the 24-26p range if we get a ‘no deal’....and I would then be a buyer too.

[essentialinvestor] 05/12/2020 17:00

Why?, firstly a very small buy, 26 pence type area may be a better entry point -
providing trading develops in line.

When buying or selling a stock I will do this in stages rather than
attempting to catch an optimal buy or sell point.

And lastly, because I don't have any certainty on furture price direction.

It is worth saying that if we fail to secure an EU exit deal,
it arguably makes it tougher going for Vertu on the new car side,
IF there are tarrifs imposed.

[grahamburn] 04/12/2020 15:08

EI.... so on your reasoned prediction why make a purchase at the price you did?

[essentialinvestor] 04/12/2020 15:04

Added a small amount under 28, share price had ahead of itself
touching 33 recently.

24-26, if available looks a decent entry point - on the proviso trading
continues to develop inline.

[gutterhead] 04/12/2020 11:17

I think there are some mergers very close to happening.....marshalls and vertu do figure in that.
I could see Inchcape exiting auto retail, they are slowly selling and make more money in other parts of their empire, maybe Jardine also.
its a very interesting time.

[mortimer7] 04/12/2020 10:42

I think the current economic situation for the motor sector will throw up all sorts of cherry picking opps for the smarter upwardly mobile operators such as Vertu/Marshalls.
Probably come to fruition once there's more clarity on Brexit & the Pandemic.
They'll need to strategise for 2030 impact & wouldn't be surprised to see some mergers or consolidation at the top end of the sector for the larger groups.

[essentialinvestor] 04/12/2020 10:23

Slight concern on cyclicals atm is price action is behaving as

we are about to revert back to a pre pandemic economy, without a pause for breath.

That's not going to happen overnight.

In tetms of VTU, you could may a case that the strongest may grow

even stronger.

[gutterhead] 04/12/2020 10:17

that's the feedback I am getting....pent up demand pushed Q3 and its eased since then.
Q4 is always tough but to be a quarter/25% behind Nov last year (which itself was awful due to Brexit)
Jan will be the test but as said before, n/u car margins and overheads can more than counter a drop in volume.
The auto sector is remarkable resilient so I wouldn't write off the good operators

[essentialinvestor] 04/12/2020 09:50

Right, so is the sector recovery rapidly running out of steam?.

[mortimer7] 04/12/2020 09:02

SMMT figures released today show the total number of new cars registered in the UK in November were 113,781 vs 156,621 last year. A 27.4% reduction on November 2019.

[gutterhead] 03/12/2020 16:10

But, it’s all about margin

[gutterhead] 03/12/2020 16:09

New car regs behind nov last year and that was terrible

[my retirement fund] 03/12/2020 15:29

Looking weak

[gutterhead] 01/12/2020 22:21

Inchcape BMW businesses have been losing money. Over targeted by BMW. Not uncommon. 60% of bmw mini businesses lost money in last two years.

[gutterhead] 01/12/2020 22:18

They’ve openly been in discussion for months.

[essentialinvestor] 01/12/2020 21:20

Cobham must be a goldmine in my neck of the woods, coffee is quite good as well.

[gipps] 01/12/2020 21:06

Oh ok thought they only sold it yesterday.

[gutterhead] 01/12/2020 20:12

That’s old news.

[gipps] 01/12/2020 19:43

Versa sold to Gowrings maybe they are going to spend the money on BMW dealerships from Inchape

[viking24] 20/11/2020 13:20

YepBreaking out and he is buying

[gipps] 19/11/2020 22:19

See previous posts apparently Richard Teatum bought £3 million pounds worth,think about it.!!!!

[viking24] 19/11/2020 19:08

Interesting buy orders, more stake building from the major investor Auto sales booming

[viking24] 18/11/2020 10:46

Today's CPI sales shows strong second hand sales