Vertu Motors Share Discussion Threads

[clive7878] 10/1/2022 13:30

So on the following year eps of 6.4p on a share price of now 71p
would give a pe ratio of around 11.
But the company is regularly buying back shares, so if this continues
the pe ratio would be lower.

[effortless cool] 10/1/2022 08:52

Thanks, CB7, my figure was wrong - I have corrected my origianl post.

[microscope] 10/1/2022 08:49

Good to see the buyback resumed at 68p. An indication perhaps that results will show tangible nav to be still ahead of the current share price?

[cb7] 10/1/2022 08:22

my broker gives 6.4p eps next yr - average of two estimates (6.3 and 6.5). As I can not see the industry getting back to normal on 1/3, I think these are very cautious figures.

[netcurtains] 10/1/2022 08:14

To my mind a company with its STOCK VALUE (cars) worth more than its Market Cap makes this company a steal.
It has 114m in cash and 988m in assets but a market cap of only: £251m
It makes a profit and has a PE ratio of 5pe (googles figures).
I mean come on this is great!

[effortless cool] 10/1/2022 06:59

Broker consensus for this year is 15.0p EPS (after multiple upgrades), so your ratio is about right. However, for 2022-23 it drops back to 6.4p, so the share is being priced off that. If you believe (as I do) that 2022-23 is likely to be better than that, then there is value here.

[clive7878] 09/1/2022 21:49

Duplicared

[clive7878] 09/1/2022 21:48

I read that the forward pe was expected to be 4.6,
any comments please.
When are results expected or a further update ?
First day of looking at car stocks.

[mortimer7] 06/1/2022 09:14

New Car Registration figures for UK released this morning by SMMT.
Total for December 108,596 giving a final year total of 1,647,181. 1% above the total for 2020, but 29% below pre pandemic levels in 2019.

[gswredland] 04/1/2022 11:26

Thank you John

[johndoe23] 04/1/2022 11:21

Was included in Stockopedia's NAPS portfolio for 2022, could be the reason

[microscope] 04/1/2022 11:15

Perky this morning, tipped maybe? I really don't see the favourable conditions changing anytime soon. And with the buyback still with a fair way to run, could imagine further decent progress in the share price the first part of the year.Cheap as chips imho with single figure p/e and huge tangible nav

[microscope] 21/12/2021 10:36

I think an analyst estimated 86p after the next results, but fully respected your opinion DWD, was always a possibility they'd be cautious until it was 'in the bank'.

[daneswooddynamo] 21/12/2021 09:12

Fair play you were right, of course as you say nav will have jumped quite a bit with the supernormal profits

[microscope] 21/12/2021 08:48

Buyback resumed, as per RNS this morning.

[microscope] 20/12/2021 08:21

Given that there's another 70 million of profit incoming and likely a further uplift in site valuations, it's only a matter of time imho.

[daneswooddynamo] 16/12/2021 18:28

They won’t be buying in stock in excess of asset value

[johndoe23] 16/12/2021 17:43

Hi. Not as yet, diary not updated

[microscope] 16/12/2021 16:42

Only real reason I can think of for not resuming the buyback this week might be that there's some more price sensitive news still to come, and therefore we'd be in a closed period still....We've just had the trading update so it wouldn't be that, which makes things interesting!

[olliemagern] 16/12/2021 13:50

JohnDoe23, do you have an idea of what price Naked Trader bought VTU at?

[jimmywilson612] 15/12/2021 10:13

They also paid £9.2M due to the freehold being £6M. The goodwill from the purchase is £2.35M - this will be the true figure as its the cost once stripping out all net assets.

Feel Toyota is a good brand to be investing in for the company.

[cb7] 15/12/2021 07:29

There have been many upward spikes in the share price during the climb, (just look at the chart), but it is premature to say that was the last one! More likely it was simply due a pullback.

[purplepelmets] 14/12/2021 22:50

Market already looking to next year and a normalization of business. Looks like that 71/72p was the peak, unless buybacks start up again which looks unlikely. At any rate we had one helluva run up for 40p. Lovely

[rabiddog] 14/12/2021 22:12

Yep but sure they will be looking to reduce costs/ up sales when incorporated into the larger organisation. Be lots of things they can use internal resources for(eg IT etc)

[wad collector] 14/12/2021 21:34

Looking at yesterday's Toyota acquisition, they paid £9.2M for a company that made £0.6M last year. A 6 percent return seems reasonable , but last year was an extraordinary one, I think as with many takeovers, it is impossible for shareholders to judge true value, you just have to trust that the company is not buying a lemon or paying too much.