Vertu Motors Share Discussion Threads

[1nf3rn0] 11/11/2021 14:01

A mention in Shares mag today"Robert Forrester-steered Vertu Motors (VTU:AIM) has positive forecast momentum and a strong balance sheet with at least £90 million of firepower to execute on a strong acquisitions pipeline. It is also well-equipped to fend off online-only challengers given its ongoing investments in winning digital capabilities. Buying back shares and returned to the dividend list, Vertu is now guiding to pre-tax profit of at least £65 million for the year to February 2022. Liberum notes the company has freehold property backing of £229.4 million, net cash of £57.3 million and tangible net assets of £222.6 million or 61.5p a share, meaning the trading business is effectively in for free at current levels."

[microscope] 09/11/2021 07:08

Difference for me here is that VTU chart is on the very point of a breakout, other two (Lookers and Pendragon, both stocks which I do have on my shortlist) appear to be marking time for now.If you believe in a chart's importance, that is. For what it's worth, I'm a convert these days into recognizing that it works more often than not.

[s34icknote] 08/11/2021 15:51

Both cheap

[s34icknote] 08/11/2021 15:51

Decided to add this with my PDG holding

[microscope] 08/11/2021 12:05

More than doubled my holding here on Friday.Every metric I like to look at this looks ridiculously cheap. Tangible nav, record results, raised forecast for FY, divvy restored, buyback creating more value etc etc!

[microscope] 05/11/2021 12:07

Buyback extended, another three million pounds. RNS just out.

[rabiddog] 04/11/2021 10:59

Just as well they are selling those cars at zero discount and making a killing on second hand vehicles! Sales are going to be down for the next 12 months I suspect. All priced in.

[mortimer7] 04/11/2021 09:03

This morning SMMT have released the figures for UK new car registrations for the month of October. Total 106,265. October 2020 total was 140,945. A decline of 25% year on year.

[brummy_git] 20/10/2021 06:24

Andy Brough (no less!) of Schroders talks positively about Vertu(starts 07:30) here.

www.linkedin.com/posts/paul-hill-a5994116_andy-brough-schroders-am-interview-18-activity-6856186414749552641-KFlG

[finkie] 18/10/2021 17:33

Nice run up today as the funds etc pick up on the attractive fundamentals here…64-65p NAV 86p to me means 75p in short order here good luck if you hold

[wad collector] 18/10/2021 14:24

Ultimately they are all just someone's opinion , whichever part of the magazine it is in.

[techno20] 17/10/2021 15:20

Same IC article also replicated in the weekends FT. Won’t do any harm.

[cb7] 17/10/2021 14:06

That was not a tip in IC, just a change of stance in their companies results section from hold to buy.

[wad collector] 17/10/2021 09:03

Tipped in IC this week @60p, citing a NAV of 86p , thinks supply issues overstated.

[tole] 14/10/2021 18:07

https://www.fool.co.uk/investing/2021/10/14/3-dirt-cheap-penny-stocks-to-buy-now/3 dirt-cheap penny stocks to buy nowHarshil Patel | Thursday, 14th October, 2021 | More on: VTU XPDYoung Woman Drives Car With Dog in Back Seat Image source: Getty ImagesBusiness is booming for some companies right now. In particular, car retailers and logistics companies are reporting soaring sales. There are several penny stocks in these sectors that I'd consider buying right now. Let's take a look.Penny stocks in the driving seatUsed car sales are driving much of the growth for car retailers. So why is there so much demand for used cars right now? Well, a pandemic-related shortage of semiconductors is having a knock-on effect that's causing delays in new car production.Fewer new cars, and a limited supply of used cars is a recipe for keeping car prices elevated. This is resulting in car retailers like Vertu Motors (LSE:VTU) reporting "record profitability". I'd say Vertu is one of the cheapest penny stocks available right now. Not only is it delivering a record trading performance, but it also has what I'd call a bullet-proof balance sheet. Having plenty of freehold property gives Vertu a decent margin of safety too, in my opinion.The boom in profits could continue for now as the market conditions remain favourable. However, bear in mind that shortages are unlikely to last forever. At some point, things will normalise. And so might Vertu's profits. Also, as in many industries right now, wage costs are rising. Vertu isn't immune to these cost pressures so it's something I'd keep an eye on.Overall, the management team are experienced and look like they can navigate any challenges. I'd buy this penny stock today and park it in my Stocks and Shares ISA.Another one to look atFor similar reasons to liking Vertu Motors, I also like Lookers. This British motor retail company recently reported strong trading too. It now expects "underlying profit before tax for 2021 to be materially ahead of its previous expectations". I like the sound of that.As interest in electric vehicles continues to grow, Lookers seems well-positioned to benefit. That said, uncertainty remains regarding the supply of new vehicles. And like Vertu, the boom in used car sales should return to normal levels one day. But overall, I like Lookers and would consider buying the shares.

[jimmywilson612] 13/10/2021 13:50

Bought in here today. Just find it so cheap. Net assets being higher than the share price, share buy-back, last month being the most profitable month on record, and no sight of increase in new-cars manufacturing for the foreseeable future.

Good management in place too.

[cb7] 13/10/2021 12:33

those brokers eps estimates are now 13.6 and 14.13

[techno20] 13/10/2021 12:14

Two broker notes out this morning - TP’s of 90p and 86p. PTP = £65m, Mcap = £214m!

[dagoberia] 13/10/2021 11:19

They still have roughly 2m pounds of shares to buy as part of their share buyback program.

[bigbertie] 13/10/2021 11:10

I agree - share price reaction very muted. It may pick up after analyst reviews and resumption of buy-back. I had better add some quickly. Good luck all

[microscope] 13/10/2021 07:29

Let the short-sighted profit takers depart and take advantage at this price imhoBelow tangible nav - Tangible! - divvy restored, record profit, cash rich and FY guidance raised again.Market will catch up. Personal target is 70p first stop then nearer 100p before too long.Hopefully broker upgraded price targets will emerge and we will see that long overdue re-rating.

[scooper72] 13/10/2021 07:24

Well, with such a modest reaction in the share price I have topped up with a few more this morning.

[finkie] 13/10/2021 07:16

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

[microscope] 13/10/2021 06:32

Superb. Delighted! Let's hope Mr Market agrees

[tomps2] 13/10/2021 06:27

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.