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VTU Vertu Motors Plc

68.60
0.90 (1.33%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vertu Motors Plc LSE:VTU London Ordinary Share GB00B1GK4645 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.90 1.33% 68.60 631,694 16:35:18
Bid Price Offer Price High Price Low Price Open Price
68.30 68.60 69.60 67.50 67.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Motor Veh Dealer (used Only) 4.01B 25.53M 0.0749 9.13 233.09M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:31:54 O 53,344 69.511 GBX

Vertu Motors (VTU) Latest News

Vertu Motors (VTU) Discussions and Chat

Vertu Motors Forums and Chat

Date Time Title Posts
23/4/202420:28Vertu Motors (AIM:VTU)2,952
29/11/202308:26Heddin 1
09/2/202308:22Vertu1
13/11/201413:47Vertu Motors (VTU) UPDATE-
21/12/201211:36vertu motors shares up 5% today,why?1

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Vertu Motors (VTU) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-23 16:32:1269.5153,34437,079.95O
2024-04-23 16:11:5568.602,2501,543.50O
2024-04-23 16:02:5268.606,7784,649.71O
2024-04-23 15:42:1968.8914,1809,769.17O
2024-04-23 15:35:1868.6033,48422,970.02UT

Vertu Motors (VTU) Top Chat Posts

Top Posts
Posted at 23/4/2024 09:20 by Vertu Motors Daily Update
Vertu Motors Plc is listed in the Motor Veh Dealer (used Only) sector of the London Stock Exchange with ticker VTU. The last closing price for Vertu Motors was 67.70p.
Vertu Motors currently has 340,781,234 shares in issue. The market capitalisation of Vertu Motors is £233,094,364.
Vertu Motors has a price to earnings ratio (PE ratio) of 9.13.
This morning VTU shares opened at 67.50p
Posted at 01/4/2024 15:07 by daneswooddynamo
I think Hedin is now focused on the smaller piecemeal acquisition strategy. Every chance if Autonation does go for Inchcape’s UK ops they add vtu in due course. Lithia has spent over 700m buying up Jardine and Pendragon retail. In any event it seems highly unlikely that vtu remains the sole quoted UK car dealer of scale
Posted at 17/3/2024 12:06 by robmcelf2
I wonder what it will take for VTU to close the gap on the analysts Target share price of c90p. Takeover noise seems to have quietened down for now, but it's such a well run business that value will out in due course I'm sure! Just a matter of time
Posted at 05/2/2024 16:24 by buffalobillnuts
You clearly don't know what's happening in the industry right now do you?
This time last year the share price was 62.8p. They have an extra £40 million in the bank. Show me some facts to back up your claim?
Posted at 16/1/2024 14:12 by buffalobillnuts
It's JPMorgan Asset Management, who have a 0.75% short on vtu. I think that is what is holding the share price back. I'm really not sure why they'd think shorting vtu at 67p ish is a good idea! But, Its helping TDR to buy cheap.
Posted at 07/12/2023 07:35 by c_k
This will get interesting. Share price will be dropping but how much will the drop be supported by the recent companies who have been buying shares and may take this as a buying opportunity at a lower sp? I had a fear VTU would issue a profits warning due to recent sector news but was re-assured somewhat by the stake building that has been going on.
Posted at 13/12/2022 16:53 by kenmitch
Effortless Cool.

No I don’t hold CFXI and agree that if a Company can afford to buy back 75% of their shares then that’s a rare example where buybacks worked well for investors. Next too have bought back more than half their shares and that’s likely helped the share price too. I know nothing about CFXI and therefore whether the huge amount they must have spent on buybacks could have been invested equally or more successfully in the business.

I don’t dispute that occasionally buybacks are effective with Next an example. So was Riverstone Energy Investment Trust when announcing a big buyback when the share price was at a crazy 65% discount to NAV. I actually bought Riverstone on that news and the share price went up fast.

But these are exceptions and imo the vast majority of buybacks, often done regardless of whether or not the share price looks cheap and where share price performance subsequently disappoints are a waste of money.

I agree about Motor sector and hold LOOK and VTU. The so called near certain bids for both haven’t come though!
Posted at 10/12/2022 11:25 by kenmitch
m_kerr

Isn’t it those so keen on buybacks who don’t understand them?

After all it’s the consequences of those buybacks that matter. If the share price subsequently does well we cannot know whether that would have happened anyway.

And there’s a wealth of evidence where buybacks were a terrible waste of money and NOT the supposed “reward to shareholders” that buyback fans seem to think they are!

e.g Whitbread spending the entire near £3 billion they received from their sale of Costa “returning that cash to shareholders” but where the share price fell at once and has never got close to those buyback prices since.

Or Aberdeen who have been buying back for years all the way down from starting at £5 to just 140p until recently.

Or detailed Morgan Stanley research showing that Companies buying back subsequently underperformed Companies in the same sector not buying back.

Or Investment Trusts buying back to reduce the discount to NAV only for that discount to then widen a lot more ……etc etc etc etc

So spend spare cash on dividends instead or on wise new investments/investing in the business. Agree that sometimes those new investments acquisitions are also unwise, and that might prove to be the case with Vertu this time. But competent Management DO invest wisely, whereas Managers who buyback often seem to do so because they lack the imagination or skills to invest wisely.

And Managers like buybacks because buybacks do mean eps is higher (though that doesn’t automatically mean higher share price) and so often Director bonus payments are based on eps performance and NOT share price performance! So buybacks DO reward Directors but they often punish shareholders! And the shareholders who do best out of buybacks are those who sell and take advantage of the willing buyer…..I.e The Company buying back.
Posted at 29/10/2022 20:16 by clive7878
The Volkswagen Group's sales revenue in 2022 is expected to be 8% to 13% higher than in the previous year, and that of the Passenger Cars Division 5% to 10% higher. In terms of operating margin the Group continues to expect to come in at the upper end of the corridor of 7 to 8,5%. Reported net cash flow is expected to remain at the same level as in 2021. In 2022, net liquidity in the Automotive Division is further anticipated to be up to 15% higher than the prior-year figure, before Porsche IPO proceeds.

Sounds good to me, - the word "higher" is mentioned several times - especially as the report earlier says "in difficult times"

As per VTU - a very solid well run company with good management, where the the gloom and doom of the market as a whole and which is very much accounted for in with the share prices - probably too much accounted for in with the share price now investors believe it over done - and may not prove to be as bad as the share price and market is forecasting. That is why the share price has risen last week cause a number of investors believe the down turn from 75p to 40p was over done and why now the share price stands at 44.8p. Lets see if last week was just a blip.

Did we miss that a million shares were bought in one day in 50k lots ?
That does not look like a Company going down the pan, even if the Bank of England raises the base rate next Friday to 3.25% and just before Christmas to 4.25%.
Posted at 24/10/2022 20:03 by clive7878
It was said that along with a problem & a delay in buying new cars, supply is exceeding demand with second hand cars, that should keep prices high for some time to come.
Lookers have already said that trading is still very strong.
Thats why VTU share price has bottomed out at 40p, & 2nd half results will exceed expectations.
What about the million shares in VTU bought in one day last week?
Posted at 07/10/2022 14:38 by rabiddog
Sunshine..the global economic woes are more than baked into VTU share price. Cash rich, asset rich, well run and made most of the predicted yearly profit in first 6 months. Dividend well covered, potential acquisition target…very happy to keep topping up at these prices.
Vertu Motors share price data is direct from the London Stock Exchange

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