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Share Name Share Symbol Market Type Share ISIN Share Description
Vertu Motors LSE:VTU London Ordinary Share GB00B1GK4645 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.45p +1.25% 36.45p 1,552,400 14:06:26
Bid Price Offer Price High Price Low Price Open Price
36.25p 36.45p 36.80p 36.00p 36.10p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 2,796.07 30.45 6.31 5.8 139.7

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Date Time Title Posts
07/1/201910:03Vertu Motors (AIM:VTU)1,512
13/11/201413:47Vertu Motors (VTU) UPDATE-
21/12/201211:36vertu motors shares up 5% today,why?1
22/10/200818:37Vertu Motors - there is life in motor retail-

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Vertu Motors Daily Update: Vertu Motors is listed in the General Retailers sector of the London Stock Exchange with ticker VTU. The last closing price for Vertu Motors was 36p.
Vertu Motors has a 4 week average price of 34.50p and a 12 week average price of 33.75p.
The 1 year high share price is 53p while the 1 year low share price is currently 32.35p.
There are currently 383,302,517 shares in issue and the average daily traded volume is 2,355,309 shares. The market capitalisation of Vertu Motors is £139,713,767.45.
mortimer7: I thought the dip here might be in anticipation of a poor september outturn for new cars. If that was the case, you'd expect it to apply across the sector. In terms of share price comparison with the recent period when Vertu's share price has dipped, Pendragon & Lookers are OK, Cambria & Marshall have dipped but not quite as much. So on the whole, not really any wiser.
mortimer7: Acquisition news
mortimer7: Reporting this morning & good to see share price underpinned by tangible net assets per share up 14.9% at 45.4p (2017: 39.5p).
woodwards26: Yes but last year March was false with changes in Road tax so lots of April purchases brought forward.Although the share price defies my expectations either I am completely wrong or the market knows more . I just don't see this over 50 and believe the buybacks were holding it up but at 50 it's more than buybacks.
my retirement fund: The share price is totaly artificial. Without share buy backs it would probably be 20 pence.One would have thought they would have been hanging onto spare cash for a rainy day or prehaps they think they can raise more of it later?
woodwards26: The more I think about this the more I think this buyback of shares is crazy. The money should be invested within the company .But then again what would the share price be if it wasn't being supported by buy backs.I've followed for years since retiring from the motortrade in 2010 everything tells me this is more likely to hit high 20s rather than low 50s unless they expand their used car operation before the buybacks end.
r ball: So why has the share price dropped?
r ball: I'm not. My only interest is: I had a holding in Vardy, it's a local company and I know a couple of employees. The market just doesn't like these companies any more. The contrast with Vardy is astounding. After all the share price hasn't moved in 3 years. Given today's profit warning the share buyback policy looks ill judged. A special dividend would have been a better way to return cash.
karadas09: @lullabite. I have been on board here since the low 40's last year. Clearly the current market conditions show a reverse for car sales, so the share price is going to be kept under pressure for a few months at least. However, Vertu have been consistently increasing their market share since 2006 and specialise in buying up distressed dealerships and turning them round. They have demonstrated a track record in extracting good value from these deals for shareholders, and challenging market conditions might present more of these opportunities. The management team are strong and have invested in analytics tech that puts them ahead of some old school competitors. Vertu also make the highest profit margin in after sales which gives them a significant hedge against falling new car sales. The longer term picture over 10-20 years regarding electric vehicles (which require less maintenance) and different ownership models does create some uncertainty for me, but I don't see this as an immediate threat. I think trading below book value and with a decent divi, this should be a good 3-5 year hold and then see what the future holds.
mortimer7: SMMT released their new car registration figures for the month of May this morning: New car market increased 2.5% in May. 203,585 vehicles registered. May’s highest total since 2002. YTD 1,164,870 cars have now been registered in 2016, 4.1% ahead of last year. So the motor retail sector seems to be largely unaffected by the "emissions scandal" and brexit. Just hope the VTU share price starts to reflect this soon.
Vertu Motors share price data is direct from the London Stock Exchange
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