Member Info for qweqweqwe

Totally agree. Amateurs tend to panic sell and sell low and buy high.

I'm also fine with TNAV calculation of 37. Please also bear in mind that as per IFRS the tangible assets should be lower of net book value or net realisable value i.e what they could realistically get for their assets if it was sold in the current market. What you also have to realise is that the big chunk of tangible assets also include property and it's been a while since they had their property revalued, so there's a potential of an uptick in the revaluation reserve and the Other Comprehensive Income (OCI). Now if I were to assume an increase of their property price by 5% to 8% then the TNAV will easily break the 40 pence barrier, but I won't quibble with couple of pence here or there.

Does anyone know what their conversion rate is for Gross Profit and Net Profit so that I can ascertain the real value of their recent contract win. Furthermore, how long is the contract for?

I just love catching a falling knife and have taken a punt. The Chinese are bending over backwards to gobble up UK tech companies and this is going for cheap. As long as they are paying dividend, one can hold tight and wait for the recovery.

Is your calculation based on last year's financials or the latest interim financials? Normally I would strip out "goodwill" from intangibles but for VTU I wouldn't as they have long term service contracts with guaranteed cash flow.

The current 52 week low is 37.50, which is below net asset value (NAV). I reckon it may touch this level before slowly bouncing off. The hard Brexit rhetoric is just to scare the 27 members. Theresa May or any other Tory ministers won't go for the hard Brexit, they are just using words to strategise and build on their negotiation position. The way I look at it is that the Brexit negotiation will have a compromise where the government and EU will agree on a cap on immigration numbers, or perhaps two tier cap i.e one cap for working migrants with confirmed employment and another cap for non-confirmed employment migrants for UK to stay in the single market. This approach will satisfy both parties and they can both claim victory.

Lezzi, I hope you recoup your losses. However, it will be inconceivable to think that the Germans would not do something special for the car industry when it comes to UK negotiating a deal.

I don't even mind if this share goes down to 37 again, as it would be a tasty top-up level.

There's a special satisfaction on being a contrarian investor.

The various share tips and record results couldn't lift this share. So the only hope of a lift in SP is in M&A rumours.

I do like the fact that they are not totally reliant on new sales as 75% of their sales are derived from non-new car sales. This gives me reassurance that even if Brexit does affect car sales (which it won't as Germany will make sure it doesn't) then they only risk affecting 25% of their sales. Furthermore, they've managed to increase the margin in new sales.

The dividend is paid on 20th Jan 2017 and he ex dividend date is 22nd Dec 2016.

When did this article in Share Magazine come out?

I don't think there is a doubt of record profit for the period and I predict they will also release the Sep new registration numbers and zoom into their revenue that is derived from second hand car sales and service.

When did this broker note come out?

Not sure why the share is down on good results! Perhaps this is a classic "buy the rumours and sell the news".

I agree with you. 180 is the level that I'll be interested in buying. However, I feel for the existing shareholders as a 20-25% drop is indeed stomach churning. GLA

1.83 1.74 1.57 These are the 3 support levels. If it goes past one then the next support levels are tested.

With a 30% fall yesterday, this BB seems very quiet. What's going on? Even the trade is very quiet, only 2 trades done for 8K shares. This company doesn't seem to be loved.

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