Vertu Motors Share Discussion Threads

[microscope] 07/12/2021 09:06

Yeah was a trading update on 7th December last year. So am expecting any day now.

[podgyted] 05/12/2021 12:01

Looks like the market is expecting another positive TU in the coming week.

Pendragon:-

7/10/21 Profit £57.5m -> £70m
1/12/21 Profit £70m -> £80m

Vertu

13/10/21 Profit £52.5m -> £65m
Next week ??? Profit £65m -> £75m ????

Notice they paused the BB on 30/11/21.

Just a thought.

[microscope] 03/12/2021 10:55

I make it they've bought back about 1.6 million shares since the most recent buyback announcement, at average of approx 62-63p.

So they've spent about 1 million of the 3 million (less expenses) available.

Still a long way to go then, which should imho be good news for the share price!

[chrisb1103] 03/12/2021 08:25

Would like to see this take the next leg up from here 70+ has surely got to be in sights!

[effortless cool] 01/12/2021 13:29

I added 60k shares (showing as a sell) earlier today. This is a very interesting sector at the moment, both in terms of transactions and performance and, whilst they are currently making tons of money selling used cars, pent up demand for new cars must be building up. I don't expect profits to more than half (as per current market consensus) between 2021/22 and 2022/23.

Further, the share buybacks are an excellent way to build shareholder value from surplus cash in the meantime.

[wad collector] 30/11/2021 20:35

It was a bit unusual , given that one holder had 64% of the stock , so they effectively had control of the company. Still , raises the sector profile.
Vertu next at £1 a share? Not that I want to start a bid rumour of course...

[1nf3rn0] 29/11/2021 11:32

MMH takeover offer announced today at 41% premium to pre-offer period close.Should help revive the rest of the sector after being unloved for a number of years.

[wad collector] 29/11/2021 09:50

Yes can't do the share price any harm.

[daneswooddynamo] 26/11/2021 17:20

Interesting moves at Marshalls perhaps with main shareholder wanting to up sticks and Constellation sniffing around, should see the sector moving up

[che] 18/11/2021 10:16

https://www.am-online.com/news/market-insight/2021/11/18/average-car-dealer-saw-1897-profit-rise-in-september-ase-reports

[finkie] 16/11/2021 11:54

continues to nudge up a slow market reaction to a sound company, should be 80p as value underpinned by tangible freehold property.

[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 07:24

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 18:33

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 15:24

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

[techno20] 17/10/2021 16:20

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

[cb7] 17/10/2021 15:06

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 10:03

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