Vertu Motors Share Discussion Threads

[finkie] 13/10/2021 08:16

Ridiculous share price reaction to these numbers deserves to go private why bother with stock market 🙄

[microscope] 13/10/2021 07:32

Superb. Delighted! Let's hope Mr Market agrees

[tomps2] 13/10/2021 07:27

Vertu (VTU) H1 full presentation by CEO & CFO

Video:

Podcast:

Vertu CEO Robert Forrester, and CFO, Karen Anderson present interim results for the period ended 31st August 2021. Record results with profit before tax of £51.8m due to the favourable used vehicle market conditions and outperforming market trends. For the full year, they guide ahead of expectations with adjusted profit before tax of no less than £65m (previously £50-55m), the highest ever. A comprehensive presentation with full details on all business areas and the strategy going forward.

[boonboon] 13/10/2021 07:22

June £28-£32 millionJuly £40-£45 millionAugust £50-£55 millionNow at least £65 million

[boonboon] 13/10/2021 07:17

I still think they're being incredibly cautious with their full year outlook. But then they seem to keep raising it every month.

[purplepelmets] 13/10/2021 07:16

interim divi of 0.65p suggests a final of 1.1p, for a total of 1.75p or a yield of approx 3.2% covered about 8 times!

[purplepelmets] 13/10/2021 07:06

incredible

[jaf111] 13/10/2021 07:06

WOW!!!
Without wishing to be picky I am a little disappointed by the rather measly divi news…..BUT otherwise pretty outstanding numbers…..

[finkie] 13/10/2021 07:03

Boom as good as it gets!

[finkie] 11/10/2021 17:57

Agreed pedal to the metal vertu Christmas has come early (for the motor sector)!!!!

[jaf111] 11/10/2021 16:12

Revving up nicely for good news on Wednesday......

[podgyted] 07/10/2021 15:26

Pendragon uplifting profit forecast for year today from £55m-£60m to £70m. They're all printing money at the moment.

[podgyted] 07/10/2021 15:24

Thanks

So obvious I couldn't see it.

[pj84] 07/10/2021 11:11

Yes should be a good results on the 13th.

Checked the calendar tab doesn't show correctly on my iphone but does on a PC using Microsoft Edge!

[otemple3] 06/10/2021 23:14

It's bizarre as I've checked there before and also now using your link and cannot see it, so maybe it is an issue on my device. Thanks anyway - 13th it is and should be a good one ?

[pj84] 06/10/2021 21:22

Click on calendar tab

Interim results 13 October 21

Final results May 22

[podgyted] 06/10/2021 13:12

Mortimer

Can you post a link for Vertu's calander - for the life of me I cannot find it and I'd like for future use.

TIA

[purplepelmets] 06/10/2021 08:21

Lookers too. Looks a hot sector at present

[wad collector] 06/10/2021 08:20

I suspect that this morning's sharp rise reflects Marshall Motor Holding reporting a big profit upgrade.

[daneswooddynamo] 05/10/2021 15:03

If you believe the trading update on 20 august looks like some sort of dividend will be announced with interims

[dros1] 05/10/2021 14:01

also are many used car can they source ?

[wad collector] 05/10/2021 12:34

Will the resume a dividend? Would be a statement of confidence beyond words...

[mortimer7] 05/10/2021 09:57

SMMT have released the figures for UK new car registrations for the month of September today. Total 215,312. September 2020 was 328,041. A decline of 34.4% year on year.

The chip shortage has forced car makers around the world to curb production.

BBC Stating Second-hand car sales in the UK have more than doubled in the last few months due to the shortage of new models.

So actually this state of affairs is working in favour of large dealers such as Vertu & against manufacturers:-
Higher GP Margins being retained on New Cars.
Massive upsurge in Used Car Sales & Profit Margin.

After recent trading updates it's fairly safe to say Vertu results next week will show they're smashing it.

[mortimer7] 05/10/2021 09:48

13th October is the results date stated on Vertu.com website (Calendar).

[podgyted] 03/10/2021 15:34

I've got results on 5th Oct from Stocko.