Vertu Motors Share Discussion Threads

[ih_761262] 20/8/2021 11:05

Vertu Motors to restart dividends to shareholders on the back of 'exceptional' used car market

hxxps://www.business-live.co.uk/retail-consumer/vertu-motors-restart-dividends-shareholders-21358589

[boonboon] 20/8/2021 11:04

They're being ultra cautious imo. Assuming the worst case scenario.Covid causing significant business disruption.New cars suffering significant disruption to lead times.Difficulty getting hold of used car stock.I think/hope we will continue to see earnings upgrades.

[ih_761262] 20/8/2021 11:02

Have you listened to the CEO's comment on H2 yesterday?


From Twitter (incl. video):

"Oh we are very busy .. very very busy. Our booking levels are very very strong” CEO of #VertuMotors #VTU $VTU -Investors presentation, 19 Aug 2021

"

[sharetips] 20/8/2021 10:56

74p price target in cityconfidential this morning - www.cityconfidential.co.uk

[bigbertie1] 20/8/2021 10:50

but they are forecasting £50m for first half, so second half is just over break-even.

EDIT: the 29/7 update forecast 1H adjusted pbt >£40m and year to Feb 22 adjusted pbt £40-45m
the 20/8 update forecast 1H adjusted pbt >£50m and year to Feb 22 pbt £50-55m (was 40-45)

so the word "adjusted" has slipped out of the year forecast in the 20/8 update, however it states the number was previously 40-45 as in the previous forecast. So the extra adjusted (?) pbt in 2H is £0 to £5m.

That's my reading of it. cheers BB

[ih_761262] 20/8/2021 10:38

"the year forecast looks very pessimistic"

Are you for real?

3rd monthly trading update with big increase in profit forecast
23 June - £28m to £32m
29 July - £40m to £45m
Today - £50m to £55m

[bigbertie1] 20/8/2021 10:33

Stunning stuff. I agree the year forecast looks very pessimistic, but the uncertainties are many and real. But surprised the share price has not risen further this morning. 1nf3m0 right - AIM probably stops big boys from joining in! The price fluctuations this morning suggest some people are selling now at just over 50p - seems crazy. Good luck all.

[sam_] 20/8/2021 09:30

Up till this morning, the company’s share price has been completely supported by NTAV (Net Tangible Asset Value).

Sp should see steady increase from here, I’m long on this one.

[1nf3rn0] 20/8/2021 08:22

Still clearly undervalued and these profit upgrades are not getting the reaction they deserve.Has the company ever considered a main market listing? Can't help but think the fact they are on AIM leads to at least a 20% discount being applied.

[tallprawn] 20/8/2021 06:28

Nice update again here today - Re-rate due here, as is the case over at Lookers. Both companies trading very well.Whether the market delivers an uplift to the share price or not is another thing. We could well need to wait for sentiment to change around new car/vehicle availability first.

[purplepelmets] 20/8/2021 06:27

How is such a massive weighting to the 1st half expected? Do people not buy cars in the autumn? Makes no sense

[1nf3rn0] 20/8/2021 06:25

If they can do 50m for the half year 50-55m for full year still seems pessimistic even with new vehicle supply issues. Expect a further FY upgrade in due course.New car sales bounce back, when it happens, should also be a positive for a future financial year.

[chrisb1103] 20/8/2021 06:24

Outstanding! Surely +10% due on this news?Would like to see this breakout north of 50p

[techno20] 20/8/2021 06:20

Clearly mgmt feel similarly frustrated. Fantastic performance and hopefully the buy back will be the catalyst to get the share price motoring!

[purplepelmets] 20/8/2021 06:12

Buyback program initiated also. All v good news not sure why the share price is lagging

[jaf111] 20/8/2021 06:11

3rd monthly trading update with big increase in profit forecast
23 June - £28m to £32m
29 July - £40m to £45m
Today - £50m to £55m

Well done Vertu.....major rise in share price very overdue IMHO

[purplepelmets] 20/8/2021 06:11

Lost track of all the VTU upgrades this year. And yet another this morning.

20 August 2021

Vertu Motors plc



("Vertu Motors", "Group" or the "Company")



Trading update





Ahead of the announcement of its results for the six-month period ending 31 August 2021, the Group is providing an update on current trading and a further upgrade to the full year outlook.

The Group continues to experience strong used vehicle gross margin retention, driven by the exceptional UK used car market conditions. Consequently, the Group expects that it will deliver an adjusted profit before tax of no less than £50m in the six months to 31 August 2021.

[tomps2] 18/8/2021 15:04

Vertu Motors (VTU) Investor Presentation August 2021

Robert Forrester, CEO & Karen Anderson, CFO present the company, the financials, the current market dynamics and the outlook, followed by an extensive Q&A with no questions unanswered. Straight, direct and informative.

Watch the video here:

Or listen to the podcast here:

[bigbertie1] 17/8/2021 19:11

Presentation was straightforward, summarising last year results, current trading and business methods. They are continuing to exploit a very strong market and are trying to raise brand awareness. Asked about future growth Robert said they were not planning to raise equity for acquisitions at present as the strong market would mean prices would be high - given the share price discount to tangible net assets buy-backs look a more sensible use of cash. I had to leave before end of questions, but I remain a happy investor.

By the way I am the same person as "bigbertie" - I had to reregister when I used Google to access ADVFN and it wouldn't allow me to use my existing username!

[bigbertie] 17/8/2021 11:25

So what is this presentation going to reveal? Is it just a bit of communication with investors or is there some great strategy (which needs money)?

[homebrewruss] 10/8/2021 13:48

Mini interview of Robert Forrester and preview of the Undercover big boss show via Radio Shropshire:

[woodwards26] 06/8/2021 16:34

Hopefully give him a real insight in how the business really ticks

[mortimer7] 05/8/2021 08:20

Should be good publicity for #VTU:

Vertu CEO Robert Forrester is to appear in an episode of Undercover Big Boss on ITV airing at 9pm Thursday 12th August.

[mortimer7] 05/8/2021 08:17

SMMT have released the figures for UK new car registrations for the month of July today. Total 123,296. July 2020 was 174,887. A decline of 29.5% year on year.

July 2020 performance was heightened as registrations rose dramatically as showrooms enjoyed a full month’s operation following the first 2020 lockdown.

SMMT indicate the decline was predominantly within large fleets 33.4% down on last July, as the ongoing semiconductor shortage and the ‘pingdemicR17; impacted on both supply and demand.

[gutterhead] 02/8/2021 14:25

August and December are normally poor months for new and used deliveries.
New car supply issues may worsen.