Vertu Motors Share Discussion Threads

[purplepelmets] 19/1/2022 02:19

taking profits here, I think this incredible run is coming to an end as a multitude of factors are combining to severely limit new car production and sales. As the stock market looks forward I am calling this the top or very near.

[microscope] 18/1/2022 15:11

Well done Brucie. Little bit of profit taking today by looks of it, I'm thinking with year end being end of February, there might still be room for one more profit upgrade.They had two trading statements last year, in February and March. Obviously things were strange then and they might only do it once this time, but I don't think the 'exceptionally favourable' trading conditions recently are likely to have changed any.So am hoping the 'not less than 70 million' announced previously, will mean the company has the headroom to surprise the market again to the upside.

[microscope] 14/1/2022 18:48

Chart looks fantastic, long and short term. Best of the three without a doubt, thoughPendragon looks to have a gap up too to 25p+, and even on the Lookers three year there might be another ten percent for those so inclined.

[brucie5] 14/1/2022 17:37

Small break to the upside.

[techno20] 14/1/2022 08:27

Zeus raising TP to 115p, based on value of ancillary businesses.

[woodwards26] 12/1/2022 22:30

Well spotted on cash

[microscope] 12/1/2022 11:52

Incidentally further to my comments about Lookers cash position, while it's encouraging that they've gone from debt of 40 million to net cash of 8 million, in a year, at interims they had net cash of 33 million. I don't know if that's a seasonal thing but does indicate perhaps they might still not be entirely of the woods.I definitely prefer VTU. My target would still be closer to a pound than 80p. Buyback continuing, possibility of a further extension too I'd imagine (already had one extension), maybe further bolt on acquisitions from cash, an already monster balance sheet - and likelihood that favourable conditions, as others of you have pointed out, will persist for much of 2022.

[gswredland] 12/1/2022 11:25

Thanks CB
Hopefully my target of 80p should be beaten

[cb7] 12/1/2022 09:24

Noticed that GM (2nd largest manufacturer after toyota), recently predicted annual light vehicle production to rise just 7% in 2022. An indication that normality will not return this year. My personal guesstimation, at this time, is for 10p eps in the next FY.

[netcurtains] 11/1/2022 09:52

retailers are having good morning including motors

[clive7878] 10/1/2022 18:55

Longer term I tend to go for PDG,
although any share price considers not what they are doing now,
but its prospects further ahead, but then if we all know that
we'd be on a beach in a warmer climate now.

[microscope] 10/1/2022 17:16

Stock market would be a lot simpler admittedly if it was only about p/e.For example it's obviously encouraging that Lookers have overcome an arguably chequered past and now have a small net cash figure, but VTU have a much stronger cash position of over 50 million as at interims and an overall stronger balance sheet in my opinion. I actually have an eye on Lookers but just prefer Pendragon of that pair at this stage.However all three are good companies and at least for now the sector remains a market darling.Valuations remain excellent for investors I think, and hopefully the good run of all three will continue.

[jaf111] 10/1/2022 15:47

So forward pe of 10...Decent value but a lot more expensive than Lookers
Latest Edison report on Lookers has forward pe of just over 7.....

[microscope] 10/1/2022 15:00

Net, good to see you here, that's for this year, when profits are exceptional because of what the company call uniquely favourable conditions. The 6.4p eps forecast is next year's, down from the double figure number this time.But bear in mind that the company has tangible nav - tangible! - above 50p per share, which will rise with this year's bumper profit, and likely upgrades to site valuations, so it's trading at something like nav now!Future profits are in for free effectively.And in my opinion the favourable conditions will continue through much of the upcoming year, so forecasts look incredibly modest. They consistently outperformed forecasts in 2021.An incredibly cheap stock imho :))

[netcurtains] 10/1/2022 13:51

clive: Google is pretty good with its PE - google says its 5.25 :

[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.