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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
  0.75 1.78% 43.00 262,602 16:35:13
Bid Price Offer Price High Price Low Price Open Price
42.55 43.20 43.15 41.00 41.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 3,615.05 78.77 16.64 2.6 162
Last Trade Time Trade Type Trade Size Trade Price Currency
18:00:21 O 4 43.00 GBX

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Date Time Title Posts
03/10/202215:54Vertu Motors (AIM:VTU)2,294
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
2022-10-03 17:00:3243.0041.72O
2022-10-03 16:23:0942.45872370.16O
2022-10-03 16:05:4743.005,0002,150.00O
2022-10-03 15:47:0242.551,291549.27O
2022-10-03 15:47:0242.551,291549.27O
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Vertu Motors (VTU) Top Chat Posts

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Posted at 03/10/2022 09:20 by 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 42.25p.
Vertu Motors Plc has a 4 week average price of 38.90p and a 12 week average price of 38.90p.
The 1 year high share price is 75.80p while the 1 year low share price is currently 38.90p.
There are currently 375,738,712 shares in issue and the average daily traded volume is 764,816 shares. The market capitalisation of Vertu Motors Plc is £161,567,646.16.
Posted at 29/9/2022 21:00 by clive7878
On the financials they say net asset value is 88p per share, a lot better than PDG, and there is the 4% divi. PDG moved very little on fairly good results, maybe VTU will do the same. Many shares have hit a new low of late. I believe VTU share price has bottomed out. It hit 38p but quickly rebounded to today price.. On fundamentals the price is beginning to look very good value after hitting 75p early on in the year. When to buy is the question. DEC went up today, due to the 10% yield - paying a quarterly dividend SBRY still slides even though the dividend now is 7% Although no good having a high dividend if one loses it in downward share price movement.
Posted at 29/9/2022 15:17 by clive7878
What will happen to sales in the next 6 months may not be as bad as people think VTU share price does appear to have bottomed out at around 42p, The market is anticipating what could happen in the next 6 months though, especially if finance borrowing rates rise - will this effect car sales dropping off, profits and the share price. In fact VTU is holding up well in todays market, but then the fundamentals are very good. Could be rated as a buy ?
Posted at 28/9/2022 21:59 by clive7878
tradingplaces1 - I agree - results are due around the first couple of weeks in October and should be reasonable. Net asset value is said to be 88p per share in the financials. Haven't seen an announcement on results date though. There was a dip in the share price earlier on today, which I missed out on. On fundamentals they do look very good value at todays price.
Posted at 28/9/2022 11:04 by tradingplaces1
Interims are due next week, I think Oct 5th. Recent energy caps will save businesses money including VTU, this is probably worth a few million so this is a positive and likely to be raised as such next week. I think you'll see a positive set of numbers probably ahead of forecasts for first 6 months. VTU still without debt so well positioned for both acquisition and share BB so I wouldn't be shocked to see another BB commitment of similar value to last time unless they require cash for large acquisition. No one knows quite how the economy will respond in the short term and all businesses are likely to caveat their forecasts including VTU who are always conservative in respect to their forecasts. At today's price, if you can afford to hold, this is exceptional value in my opinion, the fundamentals are solid and the business remains focused on growth with a good execution, plenty of cash, no debt and a NTAV almost twice the current share price. Remember this is just an opinion.
Posted at 27/9/2022 14:59 by clive7878
VTU it was said the asset value could be 80p per share, although obviously current share price is based on expected profit over the next 2 years and the current conditions now. I believe - correct me if I am wrong - the 1/2 year results could come out in October - and they could be - based on PDG - be fairly strong. A car is essential for many people so over the next 6 months one just has to see what happens, the fundamentals do look very good, but can they do well in the current climate?
Posted at 15/9/2022 14:11 by clive7878
43.15p today - I can't really see this drifting much further - certainly not to 30p, unless they come out with a bad trading forecast. Remember the share price did hit 75p. PDG has results next Thursday, one to watch that could affect the share price of VTU. I monitor the sale of some cars and some are taking longer to sell, However on Autotrader some dealers - eg. Arnold Clark - are very optimistic on their asking price , some being £2,500 over the norm. When cars much lower priced are taking time to sell, then some dealers need to look more closely at their pricing.
Posted at 12/8/2022 14:03 by clive7878
VTU down as a buy today on '' although they are down 1.4% today, VTU is still on my watch list, as the fundamentals I feel are very good, and as microscope pointed out earlier VTU have got a better asset value and they are actually paying a dividend too. They have come off their recent highs, so even a better reason to buy. There is a strong case in the share price going higher. I have been off line for a couple of weeks as my old pc packed up, but the new computer is far quicker than the old one.
Posted at 06/6/2022 23:06 by clive7878
I too would not buy a car without first test driving it and preferably also seeing the logbook. One has to see a car first before handing any funds over to buy the vehicle. I would also prefer to collect the car myself rather than have it delivered. VTU is very good value for money at present and the prospects for the future I believe are good. After next set of results maybe the current gloom and doom outlook may have a different outlook on the way the company is actually going. Not all people are struggling to pay bills, some still have money to change and update their car. To some a car is a status symbol, and is high up in the list of spending. I believe though only 9% of all deals are paid for outright, the rest are either fleet cars or on some kind of HP. The retail industry dont like people like me who buy outright, because a large percentage of their profit is made by finance deals over a period of time. There could well be a correction in VTU share price during 2022. I personally would like to hear some news on PDG, and get the bid done and dusted to be able to release more funds.
Posted at 30/5/2022 09:02 by davebowler
Paul Scoot from Stockope dia- Here are my notes from today’s webinar - which contained some interesting additional points. So NB below is not a comprehensive report (you need to watch the webinar yourself for that), it’s just some key additional points which I noted down, in particular if they were new facts to me. Long-serving CEO Robert Forrester, since group founded in 2006. He comes across as very (maybe too?) charismatic, rational, and forward-looking, on top of the detail too. So a thumbs up from me for management quality. Strong tailwinds, 7 upgrades in FY 2/2022 (but obviously profits not sustainable at that level) Only 900 cars sold purely online. But many more sold via deposits placed online, then subsequently purchased. 75% of customers want to test drive before buying. Net tangible asset value (mainly freehold property) is 66.8p. This includes the pension surplus. In Q&A, asked whether this is a realisable asset? CFO replied yes, otherwise she wouldn’t be able to put it on the balance sheet, and the pension scheme was “no cash call on the business”. I didn’t know that, so maybe we should include pension surpluses within NTAV in future? More digging needed on this point. I can’t think of any other car dealer chain that is trading below NTAV, as VTU is. I queried if freehold property is worth more or less than book value? CEO replied that freeholds are in the books at cost. He doesn’t know what their market value is, because he’s focused on generating returns from them. Although I felt he was hinting they’re definitely worth more than book value, but not clear how much. Freehold property disposals have nearly always been at above book. Strategy is growth - more expansion in the pipeline. Multi-franchise (e.g. 4 brands from one site) is more efficient than large, single franchises. Relationships with manufacturers - have to plan 5-10 years ahead. Mentioned Toyota as a good prospect. Close liaison with manufacturers. Can build better shareholder value by creating new sites, than buying existing ones. Vertu has never lost money, not even in 2008 financial crisis, nor covid. Govt support reduced to £6.6m, nearly all business rates relief. Click-to-drive is an online sub-brand, doing well. Showed us advertising on a racing car. Creating other supporting businesses, eg a van online retailing business, and a parts business. How to make huge profits? Sell less (sic) cars! Previously the sector was over-supplied, causing margin destruction. Tight supply set to continue - could be up to 4-5 years for used cars. This is a good thing, as tight supply = more profit. Ukraine - is a big parts manufacturer, especially wiring looms. Very surprising that manufacturers became so reliant on key components from Ukraine. Manufacturers have responded by reducing production of mainstream models, prioritising higher margin top end vehicles. Hence why secondhand car prices rose so much, as limited supply of both new & used cars. Bizarre situation, which drove up used car prices 25-30%. Last 3 months more normal - used car prices falling c.2% per month. Used car volumes have dropped 10-15% Order books (for new cars) still at record levels. Stock turn - at Vertu is fast, at 35 days. This is a competitive advantage, because VTU is now selling cars it has bought recently at lower prices, whereas competitors with more stock are having to discount cars they paid more for. Gross profit on used cars rose from £1204 to £1,740, main driver of bumper profits in FY 2/2022. Cinch/Cazoo are spending hugely on advertising. But customers still like the franchised dealers - and 75% want a test drive. IT - Vertu has 50 in-house IT developers, so a lot going on. Online “concierge service” is doing well, sold 400 cars so far (where browsing customers that drop out are nurtured back in). Aftersales (e.g. servicing) will decline, due to lack of new car sales. Cost discipline - as lots of suppliers are raising prices (i.e. for non-cars), then danger is we just accept price rises, and don’t challenge them or shop around. Energy costs - a lot of work being done here (not explained what!) Good start to current year, as in the RNS results, with Mar & Apr 2022 about level with last year, around £19m profit. Consumer confidence - way too early to say. Noticed that some prospective buyers are mentioning reduced monthly payments as important. I asked whether staff costs could be reduced again, in a downturn? “We’re no longer in control of staff costs”, due to minimum wage rising. We do have flexibility on staff numbers. Have 400 vacancies currently (implying could freeze recruitment if necessary). Also I noted from the slides that sales staff are getting performance-related pay, so there must be some flexibility in there. Typically each salesperson sells 120-150 cars p.a. (so about £200-250k gross profit per person, pretty impressive). Good case for share buybacks, but main focus is on deploying capital to achieve high returns. Acquisition of new sites - tight supply, only 2% nationally are empty. Closing remarks were the most interesting, e.g. - Industry is seeing emergence of “mega groups”. We need to grow, or end up in a mega group, “otherwise we won’t have a future”. CEO has a tendency to hyperbole sometimes, but I think it’s becoming clear that VTU is likely to be taken over by a bigger group. Q&A - what is his attitude towards any bid approach? Would weigh it up, and if at a decent premium, would have to consult shareholders. Financial buyers tend not to be interested in the sector, since manufacturer consents are very important if transferring business ownership - good point, that I think a reader here once mentioned in a comment. My opinion - the interesting thing is that demand is still above supply at the moment (long waiting lists). This suggests to me that even if consumers do rein in big ticket spending, it might not have as much impact as we imagine? Supply is expected to continue to be constrained, in both new, and (knock on effect) used cars. Hence I think car dealers could surprise on the upside, with profits obviously falling from insanely high levels in 2021, but maybe to still above normal in 2022, possibly, who knows? A very interesting share, and I remain of the view that priced well below NTAV, the price looks wrong to me, even if you factor in earnings falling by half or more. Takeover bid very likely, in my opinion.
Posted at 23/8/2021 17:57 by tole 'bargain' penny stock to buy in SeptemberStuart Blair | Monday, 23rd August, 2021 | More on: VTUA pile of British one penny coins on a white background. Image source: Getty ImagesOver the past year, the Vertu Motors (LSE: VTU) share price has been able to double due to the second-hand car dealership's strong recovery. But at 51p, I believe that this penny stock is still undervalued, especially after its recent trading update. Here are the reasons why I might buy in September.Trading updateLast week, it was revealed that the company expects to make full-year pre-tax profit of £50m-£55m, up from previous expectations of £40m-£45m. This is due to increased demand, especially as the global semiconductor shortage has been hindering the production of new cars. As such, many customers have turned to second-hand cars, and Vertu has seen the benefits of this. The reluctance of some to use public transport due to the pandemic has also been beneficial for the company.The strong performance has allowed the car dealership to launch a £3m share buyback programme. This decision has been prompted by the fact that the board believe "the share price of the company ... [is] at a discount to the tangible net asset value". This is a major indication that this penny stock is underpriced. The Vertu share price also rose 8% as a result. Dividend payments are set to resume as well, and if they equal 2019 levels, shareholders can expect a yield of over 3%. Accordingly, shareholder returns look extremely strong, and this is one factor tempting me.The risksDespite the fact I feel that Vertu is underpriced, there are still risks that require consideration. Indeed, while the current semiconductor shortage may be a short-term benefit to profits, it also means that used vehicle supply may be restricted in the coming months. This would likely damage profits in the future, and the current strong performance may be a one-off.There is also a large amount of competition in the market. One example is Cazoo, which is going public through a SPAC (special purpose acquisition company) this Friday. Cazoo operates solely online, and vehicles are delivered straight to the customers' door. This bypasses the need for expensive showrooms, which strain profit margins. As such, there may be a view that Vertu is old-fashioned, and is not adapting quickly enough. This means it could get left behind.Why would I still buy this penny stock?Despite these fears, I still believe Vertu is deeply undervalued. In fact, in its launch, Cazoo is going to be valued at £6bn, while Vertu is only valued at a meagre £188m. This is despite the current unprofitability of Cazoo.To further demonstrate the company's undervaluation, I must also point out that it has a price-to-earnings ratio of far below 10, and a price-to-book ratio of just 0.7. Both of these multiples are well below the market average, implying that the stock has plenty of room to rise. It's therefore no surprise that the board is looking to buy back shares. This is why I am willing to overlook the negatives in this company and may buy some shares in September.
Vertu Motors share price data is direct from the London Stock Exchange
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