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
  0.10 0.23% 44.50 1,139,524 16:35:02
Bid Price Offer Price High Price Low Price Open Price
44.30 44.90 45.00 44.10 45.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 3,064.53 7.32 0.81 54.9 167
Last Trade Time Trade Type Trade Size Trade Price Currency
17:22:26 O 97,000 44.80 GBX

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Date Time Title Posts
05/5/202109:06Vertu Motors (AIM:VTU)1,765
13/11/201413:47Vertu Motors (VTU) UPDATE-
21/12/201211:36vertu motors shares up 5% today,why?1
22/10/200819:37Vertu Motors - there is life in motor retail-

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Vertu Motors (VTU) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-05-10 16:31:0344.8097,00043,456.00O
2021-05-10 16:30:2044.501,175522.84O
2021-05-10 16:30:2044.5019888.11O
2021-05-10 16:28:4044.5075,00033,375.00O
2021-05-10 16:28:4044.5075,00033,375.00O
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Vertu Motors (VTU) Top Chat Posts

Vertu Motors Daily Update: Vertu Motors Plc is listed in the General Retailers sector of the London Stock Exchange with ticker VTU. The last closing price for Vertu Motors was 44.40p.
Vertu Motors Plc has a 4 week average price of 40.80p and a 12 week average price of 36.40p.
The 1 year high share price is 47.50p while the 1 year low share price is currently 20.10p.
There are currently 375,738,712 shares in issue and the average daily traded volume is 939,183 shares. The market capitalisation of Vertu Motors Plc is £167,203,726.84.
woodwards26: Agreed . Usual range is 30 to 40 it may get to 50 again as good news filters through over the next few weeks . It hasn't ever been a volatile share good or bad news it takes in its stride
davebowler: Zeus- Trading update Vertu has released a pre-close update, confirming FY21E performance is in line with current market consensus and Zeus Capital estimates with underlying PBT expected to be c.£23.0m. Vertu’s long-term investment case remains compelling and we reiterate our valuation of 65p per share. § Trading update: Vertu has confirmed it is trading in line with current market consensus, and ZC estimates, with FY21E underlying PBT expected to be c.£23.0m. This would imply a c.2% decline in underlying PBT YOY (FY20A: £23.5m) and we believe represents a robust performance in what has been an unprecedented year of significant disruption across the market. § Omnichannel development: Performance has undoubtedly been boosted by the Group’s accelerated development of its omnichannel capabilities. Whilst Vertu customers have long been able to purchase a used car entirely online, further investment in technology means it is now also possible for a customer to receive virtual sales presentations, pay a deposit of £99 to reserve their chosen vehicle, approve documents remotely via SMS and so use “click and collect” or delivery services. § Key drivers: In the 5-month period to 31 January 2021, LFL used volumes for the 5 month period fell 15.7% YOY, impacted by lockdown restrictions. Supply constraints within the used car market continued to benefit used vehicle margin, LFL gross profit per unit increased 12.8% YOY to £1,784 (FY20A: £1,582), delivering a £1.7m increase in core Group used car gross profit YOY in the 5 months. New vehicle volumes declined 13.3% YOY, in line with the market (SMMT UK private registrations -13.3%). Volume declines were offset by an improved gross profit per unit, +10.7% YOY driving a YOY £0.5m increase in LFL gross profits in the 5-month period. LFL new commercial volumes were +34% YOY, outperforming the market (SMMT: +11.6%) with LFL fleet volumes down sharply -33.1% as manufactures faced with reduced supply cut support for this lower margin channel. The period saw Aftersales LFL gross profit fall £1.9m YOY with a 5.3% growth in high margin retail service work offset by reduced vehicle preparation, warranty and accident repair work. Operating expenses as a % of revenue fell 80bps to 9.6% in period (prior year period 10.4%) benefitting from headcount reduction and lower variable costs. § Forecasts: Our forecasts are unchanged, reflecting confirmation that the Group is trading in line with our forecast FY21E PBT of £23.0m. Guidance for FY22E and beyond remains suspended. We will review forecasts at the time of full year results, to be published on 12 May 2021. § Investment view: We continue to believe the long-term valuation of Vertu is compelling, with current outperformance testament to the strength of its franchise and management team in challenging conditions. The current year has augmented already sector leading levels of Net tangible assets (48p in 2021 rising to 58p in 2023). We remain comfortable with our valuation of 65p per share set in our last note.
davebowler: Zeus; Vertu has announced an acquisition that gives it a significant BMW and Mini presence in Yorkshire and the North East. We see this as an asset rich transaction with minimal goodwill, albeit it will take time to turn this business around financially. That said, we believe this transaction comes at an exciting time, given the brands strong pipeline of electric vehicles, and this also shows Vertu investing for the long term as a key industry consolidator. § Acquisition: Vertu has acquired a significant BMW and Mini market area in Yorkshire and the North East from Inchcape. This consists of 12 sales outlets, in five locations namely York, Sunderland, Teesside, Durham and Malton. In addition, there is a BMW Motorrad motorcycle operation in Sunderland and an additional used car operation in York. § Financing: The total consideration amounts to £18.7m (subject to a completion accounts finalisation) together with the assumption of manufacturer used vehicle stocking finance of £8.9m. The assets acquired in respect of freehold/long leasehold properties amount to £16m The acquisition has been funded with a combination of cash and a £12.8m 20-year mortgage facility from BMW Financial Services at a fixed interest rate of 2.9% for the first 5 years, another sign of strong OEM support for this transaction. The acquisition includes a payment in respect of goodwill of £0.75m, which highlights the value of this asset rich transaction and appears to be substantially less than transactions undertaken in recent years. § Impact on forecasts: Due to the timing of the purchase and the historic trading performance of the sites acquired, we anticipate this transaction will reduce 2021E adjusted PBT by £3.0m and will also be earnings dilutive in 2022E, generating a positive impact on profit in 2023E. We ultimately believe the business acquired is capable of delivering annual EBITDA of £5.8m and even on a conservative EV of £35m assuming additional stock investment, equates to 6x. § Trading update: The Group’s strong trading momentum continued into November. While this is good news, we believe it remains sensible to exercise some caution for the remaining quarter of FY21 given the clear uncertainties still ahead (Brexit, COVID cases rising post relaxation of rules, rising unemployment etc). Indeed, it is worth noting that new car registrations were -27% during November according to the SMMT, albeit this showed a considerable improvement vs. April and May showing how well the industry has adapted to national lockdowns. We believe the impact of stronger trading offsets the anticipated dilution from this transaction. § Investment view: We believe the long-term valuation of Vertu is compelling and have not modelled in the full potential of this transaction into our long-term forecasts. We see a conservative average valuation of 65p per share, which implies significant upside from the current share price.
essentialinvestor: Why?, firstly a very small buy, 26 pence type area may be a better entry point - providing trading develops in line. When buying or selling a stock I will do this in stages rather than attempting to catch an optimal buy or sell point. And lastly, because I don't have any certainty on furture price direction. It is worth saying that if we fail to secure an EU exit deal, it arguably makes it tougher going for Vertu on the new car side, IF there are tarrifs imposed.
grahamburn: EI.... so on your reasoned prediction why make a purchase at the price you did?
essentialinvestor: Slight concern on cyclicals atm is price action is behaving as we are about to revert back to a pre pandemic economy, without a pause for breath. That's not going to happen overnight. In tetms of VTU, you could may a case that the strongest may grow even stronger.
sellmycarscouk: Buying more dealerships may also not be in the share price! Great Post from above!
essentialinvestor: Johnson talking about imposing tariffs on EU goods today in certain circumstances - in the event of a no deal. That scenario may not be in the share price.
aylingd: Very nice update. Strange share price action. Clawed its way back up to 30p in June when the outlook was uncertain. Now future looks more assured 25p is the best we can do. I would hope for a rerate to at least 30p, maybe 35p. Not sure what Liberum's timeline for 50p is, optimistic in the short term I would have thought. D.
essentialinvestor: I took 24.10, unfortunately was out at the market open and missed the best price. Expect VTU to be a longer term sector winner. Disappointed no net debt/net cash figure was given today. Yes they mentioned liquidity, hosever it's useful to known the net debt numbers. Luck to those holding.
Vertu Motors share price data is direct from the London Stock Exchange
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