Vertu Share Price (VTU)

404x, why do you bother posting constantly negativity about vertu? Oh wait, let me guess!

At one stage I did think TDR looked primed to offer on this, especially while they were increasing their stake. Particularly following period when Lookers and Pendragon were taken over.

Plus while interest rates were low, there was that kind of deal frenzy post-Covid, and sense Vertu could well be in play if only for being last big listed dealer on shelf.

Since then I'd say quite a bit has changed. TDR seem to have issues elsewhere, particularly with Asda - which I'm sure will take far longer to flip than they originally imagined. That seems to be a proper repair job, losing market share and already eye watering debt growing. Overall their portfolio heavily exposed to the whims of the UK consumer which has been a hit and miss segment to say the least. Imo future deal financing would be a serious challenge for them while they have Asda on their books.

So I don't think there are any takeover shortcuts here. Vertu will have to trade their way out of this. On that front it's hard to see any catalyst on the horizon, not just for Vertu but for UK car dealers as a whole.

They appear to added to their original holding however buy-backs will also have adjusted their percentage holdings. In any case over 10% is significant and puts pressure on the executive to address any possible take-over.

TDR capital have gone over 10% share holding, giving them more control over board decisions.

TDR capital have gone over 10% share holding, giving them more control over board de