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12% up since the doom mongers arrived last week.
All I’ve read on here is just how good this company is but how much further we are likely to fall. These seemingly “balanced” posts are laughable. You’re not fooling anyone especially Mr Gould who purchased 22k right at the end of the day.
Will certainly buy the shares if they fell another 20-30%, to give me a margin of safety, especially if we go in to recession in 2024.
I purchased a Honda from them 12 months ago and received a great service and ended up extending the warranty + service plan.
Excellent dealership and a good experience.
Will I buy another car from them again? Definitely.
Will I buy their shares? Most probably but not at this price as I can see further distress coming.
Buy buy buy
The balance sheet is rock solid. Trading below book value per share (£1). Looking very vulnerable to a takeover bid - I would have thought £1.10 would do it after this recent fall.
Still purchasing their own shares, a good chunk yesterday.
If there was a profit warning created by just 2 months of trading, what will be the result in 6 months from now?
I'm sure there's a buyer for this, but if your spending that sort of money, you can afford to watch and wait for a while.
They must be carrying 1000s of stock cars which are all on stocking plans with high interest rates.
There's a fair few assets shoring up the balance sheet at the moment, bust I'm sorry, can see sub 40p here, but let's see.... Gla
Time will tell Peaky. My bet is this goes up from here not down. Company very vulnerable to takeover bids now. Good thing nothing that we say on here has any impact on the SP. Best of luck all
It will be far lower than 50p,just wait. That's what investing is all about, patience...
Interest rates will be high for another 2 years, bills are getting higher, buying a car is right down priority lists...
Market sentiment!!! 3 dealer groups have been bought and de listed this year. Why?? Because they were cheap!! Vertu the only one left.......Heddin are still looking for a foothold in the UK, others are hovering.
PS. At least you know what you are.
And even TNAV hasn't provided support in the recent past
Doesn't take long for the muppets to arrive here, who believe their own BS, without doing any research. NAV is 75p.
Amazed if the sp doesn't retest at least the 50-55p area
See if the supply of shares gets mopped up .
Trade buyers have been buying in why they know this market .
Rns hard on negatives and very specific but not so clear on positives why .
Volume for take over needs to come from somewhere . As for close brothers do you really believe they had info in advance .
See who it closes out end of week , expensive morning for me
Did Close brothers know something ?
RNS Trading Update and 20% drop !
I think it is all luck appleby I know nothing really not into charting , do not use stop loss.
Not been impressed by brokers advise but only had ones from the smaller AIM type brokers ( SVS ect )
Who is your broker , might be better , but was he clear .
One thing is for sure - any takeover approach will now be accelerated IMO. Hardly a savage profit warning - 17%. Let’s wait and see
Won't be surprised to see the sells hoovered up and the sp back at 80 by close.
I don’t think the stock is anything to really worry about. There is a structural shortage of second hand cars in the U.K. the profit warning is a kick in the teeth but I wonder if it’s a clear the deck job pending takeover. Management onside to keep their jobs? Ultimately, you have three options: sell, do nothing or buy. I have doubled down at 66p. GLA
How are they going to shift the 1,000s of cars in stock? At a cash loss would be my guess!
They benefitted massively in the years after covid where they could sell 2nd hand cars for a huge premium over cost.
I'd like more info on how they going to shift the 1000s of overpriced cars in stock??
Boom times over, certainly for the next few years, no one will want to buy the business with all that stock... Gla
Whilst it’s a disappointing update, the vultures will definitely be circling now to get us on the cheap, so I’m staying put
I'm back in sub 50p in the new year.
Profit warning today just the start.. Gla
Scroll down to No.11.
11. Additional Information
On the 30th November 2023, Close Brothers Asset Management sold 3,447,269 shares in VERTU MOTORS PLC ORD 10P. This brought our shareholding to 3.98% of the shares in issue. This is based on the shares in issue figure of 340,752,756 as at 30th November 2023.This is the required notification that the holding has crossed 5% of the shares in issue.
'Close brothers sold a lump explains where shares came from '
??? I read that RNS as Close buying not selling.