The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Vertu business model is working extremely well even in a buoyant Motor trade and the only way is up in my humble opinion. Nice to see a positive tick up in the SP as even at the current price this still represents extremely good value for money in my opinion with a decent dividend to boot! DYOR GLA
As Paul Williams is off to a well deserved retirement it is good to see that Peter Jones is joining the Board as non Executive Chairman, as with Paul Williams, Peter Jones has massive experience & is highly respected in the Motor Industry which can only be good news for Vertu. Another shrewd move from Robert Forrester in my humble opinion.
April saw the UK new car registrations rise 8.2% which was the 26th consecutive month of growth and year to date registrations are up 12.5 % boosted by renewed consumer confidence. Even given this positive movement in the market in general Vertu's recent results looked very impressive (pre tax profits up 260% to £15.8m) and the group is setting the pace for others to follow in my humble opinion.
The Motor trade in General is experiencing some reasonably good times at present but Vertu are without doubt pulling out the stops to post exceptional performance figures against this backdrop of a positive market. As I have said before Robert Forrester constantly looks for exceptional performance and will continue to lead Vertu with his eye firmly fixed on sustained profitability from every area of the business. Been with this stock from the offset and have been rewarded accordingly, well done Robert & the Vertu Managent Team !! All in my own opinion of course.
Once again today's RNS shows further progress in Vertu's measured approach to acquiring premium brand businesses that will add value to the existing portfolio in line with market share representation. Results due that will not disappoint I am sure and the future looks good for the group in my humble opinion DYOR
Vertu will grow steadily while Robert Forrester is at the helm as he is a very bright & measured businessman in my opinion. Always looking for the right opportunities to expand and having the knack of spotting underperformance and putting it right in those businesses will be a great asset to Vertu with Mr Forrester in charge. Organic business growth with masses of experience in the Management team will undoubtedly drive Vertu forward.
Cambria Auto have announced good results today with a positive response via SP.Well done Cambria but looking at the numbers I still think Vertu perform better and the current SP in comparison is undervalued. .All in my humble opinion of course.DYOR
After all the recent good news from the group it bemuses me how this stock is not over .60 in my humble opinion.Still got legs for more I believe as it appears do Liberum Brokers as per Rich observation below.DYOR and I am sure more will agree
Received my copy of the Vertu Motors plc interim results report the other day and it all makes very good reading in my opinion.The content of the report is very positive with expansion opportunities being assessed and taken as and when complimentary businesses become available, "The Board continues to identify, review and execute acquisition opportunities which will enhance shareholder returns and help to create a diverse and balanced Group". "Revenues in the period grew by 33.3% (£209.1m) to £837.2m (H1 2012: £628.1)". Even in the favourable market the Motortrade is enjoying at present that type of profitable growth speaks volumes about the maturity and being adopted by this already successful business. After all business is about making sustainable returns and "profit before tax rose 68.6% to £8.6m (2012 H1:£5.1m)" makes damn good reading to me. Keep it going Vertu @ £0.595 the stock looks good value in my humble opinion DYOR
Good news keeps coming out of the Motor Sector at present with volumes on the increase and great deals being offered by the Manufacturers to keep the general public spending.Vertu's strategy regarding Manufacturer market share reflected in Dealership holding will see them prosper in the market accordingly. Inchcape have followed many other large dealer groups stating volumes are way up on expectation.At the back end Service Plans are being pushed to increase Aftersales revenues and customer retention levels which also bodes well for long term income streams. Vertu's call centre seem to be right on top of this (got a call last night reminding me the car is due a service) and seem to have both Sales and Service aspects well under control and therefore associated parts and tyre sales will also grow in my opinion.Good Company & well run in my humble opinion viewed as a customer and investor.DYOR