Member Info for Ritchtea

Happy Days ;-))

Thanks for the research/news ;-)

It will be nice if its £2.50 per share as touted last year. If anything I would consider the company to be stronger since that estimate. I do hope my patience will pay off!

Vertu Motors (VTU, 34.0p, £67.75m),the 9th largest UK motor retailer, has exchanged contracts to acquire two dual franchised Ford and Mazda dealerships in Glasgow and Hamilton, Scotland, through the purchase of the trade and certain assets of the business from Shields Automotive Limited. The acquisition, which will include the leasehold, will be acquired for a maximum consideration of £2.5m in cash. No goodwill will be paid. Sheilds reported revenues if £27.1m for the year ended June 2009. The rebranding of the acquisition to Macklin Motors will further increase the group’s presence in Scotland. The market currently forecasts 2011 PBT of £7m, EPS of 2.6p and DPS of 0.5p and in 2012 PBT of £7.6m, EPS of 2.7p and DPS of 0.5p. Trading on a 2011 rating of 13.0x, the stock seems fairly priced. The weak and fragile UK economy, ending of the scrappage programme, potential increases in VAT exceeding 17.5% and introduction of the new car “showroom” tax in April, indicate that new car sales to private customers will decline over the remainder of the year. However, the share price is underpinned by a strong balance sheet, with tangible net assets per share of 37.3p (2009: 46.2p), which suggests the group is undervalued. We therefore upgrade our recommendation to a SPECULATIVE BUY.

Thank you for your regular snippets! I would have thought that Qatar Holdings have increased upon their 24% stake significantly over the last couple of months. There is no doubt that someone has been been splashing out on big trades here for some time. I would have liked to have seen the SP hold on a decent set of results but I would kick myself if I was out when an announcement is made. I'd say that Songbird is a much more profitable proposition than Harrods? Regards Mrs T ;-))

Interesting Article...........iii reckon WTM is officially cheap! http://www.iii.co.uk/articles/articledisplay.jsp?section=ShareDealing&article_id=10080571 From my experience its also 'nasty' but DYOR!! PS Only joking..........but this share has disappointed me in the past and I have the memory of an elephant!

I concur! I'm confident here as even if a takeover doesn't happen anytime soon, there is good backing here from Quatar, no debt and Canary Wharf rents are set to remain stable and rise as international banking gets back on its feet and our banks continue to draw down from the bottomless piggy bank that is, quantative easing. .....shockingly wrong but there it is. I wouldn't touch the banks for share trading investment but the bricks and mortar - yes, please!

Nah! A dirty great takeover would be preferable thank you!

Like things are starting to stir............................ ;-))

Greetings chaps! Tom, long time, no see! Hope you are doing well, Carpels all sorted? Norbs...............'Trigger' LOL!! Oliver Hardy's stock response to Stan Laurel springs to mind! You not on the golf course today??

LOL!

Good point, I've seen it before when IFL was knocked out of the 250 and it took quite a whack because of it at that the time.

Nice find there aj. All good, the amount of buys are clearly keeping the rumour mill turning. ;-))

And.........................its good news!!!! The SP here has been held back for the last 4 weeks considering the levels of buys going through. It will be nice to see some forward movement and an exciting RNS. GT, you really are antagonistic sometimes......... !! ;-))

From the poster iitown yesterday: 'According to the Placing document and assuming they took up their full rights the resulting ordinary shares for the biggest 3 shareholders were: Qatar Holdings 24% Glick Shareholder Group 24% FIC 14.7% (Qatar Holdings have 55% of the Preference shares too.) So if 29.9% is the RNS level then approximately 5% or £50 million worth should do it for them. Shouldn't be long should it?! '

Hi there AJ.....well here we are still............I've brought my flask and my knitting, keeping a very close eye on these monster trades going through with no effect on SP movement. I wonder when Johnny Foreigner and his mates will have finished. I suspect we won't see any delareables here, they like to keep it all under the radar and various members of certain families will be being told what and when to buy. I'd prefer some news sooner rather than later, however, this a strong company so little risk in holding IMO. ;-))

I think its only to be expected that some ii's will dump, although that's a fairly hefty one, (it might get stuck in the U bend!! LOL!) I haven't closed my long purely as I have a decent stop on it, my margin is completely removed because of profit and the long is only costing me 20p per day to keep open. If I closed it, I'd only open another as I think SLV recovery is on the way and as I have a limited risk account it would cost me another £30 in fees to do it so I'll stick to my plan and ride it as freebies. The margin has been used elsewhere so I'm happy. That's not to say I couldn't use a few of my other holdings pulling their fingers out and going a bit more according to plan! So how are you these days Tim?

1455250 shares just dumped at 50p. That must be some of them there placing shares..........

Yes, someone sold 100k at 20p on the 20th showing on PLUS, today's trade for 109k is on LSE, I'm assuming its the same person offloading bulk.

Agree that 109k sell is the reason for the drop.......but there were lots of buyers waiting in the wings to pick up the slack. This one has been on my watch list for a few weeks so I'm grateful that I spotted your intial post this morning that alerted me. I'm in at 21.725, a good price IMO.