Really good interim results from Vertu Motors today.
It looks like they are successfully grabbing market share from larger rivals.
Gearing is modest, cash flow great. You don't giet a dividend at the moment but surley rivals will have to cut theirs
Decent commentary at www.investorschampion.com with peer group comparison

Bought 2nd lot @ 60.40p as the order book was getting stronger this morning

VTU should benefit from that

European car sales rise 5.7 pct in March but VW brand dips
Fri, 15th Apr 2016 07:00 - By Costas Pitas

LONDON, April 15 (Reuters) - European new car sales rose 5.7 percent last month, industry data showed on Friday, despite a fall in sales for Volkswagen's core brand and fewer trading days in March due to Easter.

Sales of VW brand models slumped 4 percent in January but returned to growth in February suggesting the impact from the diesel emissions scandal was beginning to wane.

But demand fell 1.6 percent in March, according to the European auto industry association ACEA, despite the brand recording its best performance in Britain, Europe's second largest car market, since September.

There were fewer trading days in March due to Easter, which fell in April in 2015, but VW's mass-market brand rivals Peugeot , Ford and General Motors' Opel/Vauxhall all grew, with sales up 2 percent, 0.6 percent and 6.4 percent respectively.

Overall, registrations rose to 1.745 million cars from 1.652 a year earlier, according to data for the European Union (EU) and the European Free Trade Association (EFTA).

In the first three months of the year, registrations increased 8.1 percent to 3.932 million vehicles compared to the same period in 2015.

Nearly every European country recorded growth last month but sales fell 0.7 percent in Spain and dipped marginally in Germany, the continent's biggest automotive market.

Italy recorded the strongest rise of any major market with demand rising 17.4 percent followed by France where sales increased 7.5 percent.

The ACEA said EU sales rose for the 31st month in a row in March hitting levels close to those recorded in 2007, shortly before the economic crisis began to hit the car industry.

59.875p +0.125p

Holding well on a down day, waiting for the results due just over 2 weeks time .......

8th March 2016 RNS - The Group will announce its preliminary results for the year ended 29 February 2016 on 11 May 2016.

This from VTU - Investigate

Overview
· The Board expects trading performance for the year ended 29 February 2016 to be ahead of current market expectations, anticipating record revenues and profits in the period.

· In the five months ended 31 January 2016 ("the Period") the Group saw continued growth in volumes, revenue and profits:

Have added some at 59p after news earlier of acquisition, order book is looking stronger on the bid side as volume has been rising, now ready for the results next week wednesday 11th

Liberum note - Research Tree

Read Liberum's note on VERTU MOTORS PLC (VTU), out this morning, by visiting https://www.research-tree.com/company/GB00B1GK4645

"Vertu has acquired Leeds Jaguar for a consideration of £650k. There is strong growth potential, although the acquisition is small and we do not change our forecasts at this stage. Importantly, it represents the first deployment of capital from the recent £35m fundraise in March and we anticipate plenty more M&A, as Vertu continues its role as an industry consolidator. We expect a strong set of prelims (Wednesday 11th May) to be the next positive catalyst ..."

Acquisition of Leeds Jaguar and expansion of Farnell brand

Vertu, the UK automotive retailer, announces that it has completed the acquisition of the business and assets of Leeds Jaguar (the "Business") from Inchcape Retail Limited for an estimated total consideration of £650,000.

Highlights:
· High quality business with potential for earnings growth as brand develops
· Further development of the Group's representation of Jaguar in the North of England combining Jaguar and Land Rover operations in the Leeds territory
· Opportunity for marketing and management synergies as acquired business will operate under the Farnell brand and management structure
· Secures a key target acquisition as set out at the time of the recent capital raise.

The business will operate from its current premises in the short term and will then relocate to a newly developed site alongside the Group's existing Leeds Land Rover operation. Total consideration, which includes £500,000 of goodwill, is estimated at £650,000 and will be settled in cash from the Group's existing resources.

For the year ended 31 December 2015, the management accounts of the Business showed that it broke even in the period. The Board expects this acquisition to be earnings neutral in the current financial year and earnings enhancing thereafter.

The acquisition will complement the Group's existing Land Rover dealership in Leeds and further extend the Farnell brand. Following completion the Group will operate five Land Rover dealerships and three Jaguar dealerships.

Robert Forrester CEO of Vertu said:
"We are delighted to be able to announce a further acquisition to augment our Jaguar Land Rover business in the North of England. Leeds Jaguar will complement our award-winning Land Rover operation in Leeds and will strengthen our Farnell brand in the North.

The Jaguar brand is set for significant expansion given the fantastic new models that are being launched, such as the F-Pace. The Jaguar line-up is now more extensive than in its entire history."

There is some larger size buying now and holding to yesterday's close, on a very down day once again for the FTSE now 76 points after being down to 6100, were there is some support.

DEPTH of 22 v 13
on a spread of 58.75 v 59p
33K v 18K
The 18K has just being place after the last 12K were taken as an "AT"

2 year chart

Comparing with another motor stock

Stock ---- share price -- EPS Year 2016 -- PE Year 2016

Lookers ------ 132p -------- 12.88p ----------- 10.25
Vertu --------- 57p ---------- 6.9p ------------- 8.26

EPS = Earning per share
PE - Price earning

note - Lookers 12.88p already announced last March
Vertu 6.9p are due on Wednesday

Very much in touch the 3 motor players

3 month

6 month

Some blue from early and on a very strong order book on the bid side DEPTH of 25 v 15
it helps than earlier CAMB released very good Interims and is up 10%

59.75p +2.50p

moving up on the right way now on a very strong order book on the bid side DEPTH of 35 v 17

COMPARING

60.75p +3.50 (+6.11%)

A very large interest today AHEAD OF RESULTS TOMORROW, volume of 3.3M

Vertu Motors plc, the UK automotive retailer with a network of 127 sales and aftersales outlets across the UK, announces its audited results for the year ended 29 February 2016.

Revenue	£2,423.3m	£2,074.9m	16.8%
Adjusted EBITDA*	£35.5m	£28.7m	23.7%
Adjusted operating profit*	£28.6m	£22.7m	26.0%
Adjusted profit before tax*	£27.4m	£22.0m	24.5%
Adjusted earnings per share*	6.46p	5.15p	25.4%
EBITDA	£34.5m	£28.0m	23.2%
Operating profit	£27.2m	£21.7m	25.3%
Profit before tax	£26.0m	£21.0m	23.8%
Earnings per share	6.06p	4.87p	24.4%
Operating cash inflow	£65.8m	£26.1m	152.1%
Net cash	£23.1m	£15.7m	47.1%
Net assets per share	58.0p	52.7p	10.1%
Tangible net assets per share	38.3p	38.3p	0.0%
Dividend per share	1.30p	1.05p	23.8%

A few things that are of special attention from the results ............

Earnings per share 6.06p 24.4% ( growing by a large amount after acquisition )
Net assets per share 58.0p ( that is almost what share price is )
Dividend per share 1.30p 23.8% ( a very large increased good for shareholders )
Net cash GBP23.1m 47.1% ( almost doubling previous amount )

Now needs Directors buys, like today's news at CAMB

ST of IC yesterday - On a bid-offer spread of 58.5p to 58.25p, valuing the equity at £238m, I rate Vertu's shares a buy and have a fair value target range of 85p to 90p. Buy.

Further acquisition of premium & volume franchises

RNS


RNS Number : 8376Z

Vertu Motors PLC

01 June 2016




1 June 2016

Vertu Motors plc ("Vertu" or the "Group")

Further acquisition of premium and volume franchises

Acquisition of Gordon Lamb Group Limited for £18.7m

Highlights

· Acquisition of five outlets in Derbyshire for £18.7m, including the Group's sixth Land Rover dealership

· Brings Toyota into the Group's franchise portfolio for the first time

· Three additional well-established dealerships in Chesterfield and Derby operating as Nissan and Skoda

· Acquisition is expected to be earnings enhancing in its first full year of ownership

· Secures a key acquisition target, as set out at the time of the capital raise in March 2016

Vertu, the automotive retailer with a network of 132 sales and aftersales outlets across the UK, announces that it has acquired the entire issued share capital of Gordon Lamb Group Limited and its subsidiaries, including Gordon Lamb Limited, (together "Gordon Lamb") for a total cash consideration of £18.7m which has been settled from the Group's existing cash resources. Gordon Lamb operates the Toyota, Land Rover, Skoda and Nissan outlets in Chesterfield and the Skoda outlet in Derby and has traded for over 60 years.

The acquisition brings Toyota to the Group, further progressing the Group's strategic goal of growing its range of franchises. The transaction includes goodwill of £8.3m and brings freehold properties valued at £7.5m into the Group. The acquisition is an important development for the Group and is in line with the strategy set out at the time of the capital raise in March 2016.

The acquisition increases the number of outlets operated by the Group in Derbyshire from 10 to 14 and hence further provides synergies around marketing and management. The acquisition of Nissan in Chesterfield, for example, creates a market area for Nissan including Derby, Ilkeston and Sheffield and brings the total number of Nissan outlets the Group operates to 11.

For the year ended 31 December 2015, Gordon Lamb achieved consolidated revenues of £85.8m***, adjusted* EBITDA of £2.9m, adjusted* PBT of £2.7m and had net assets of £10.2m** as at 31 December 2015. The Board expects this acquisition to be earnings enhancing in its first full year of ownership.

Robert Forrester, CEO of Vertu Motors said:

"Gordon Lamb is a much respected and well established business operating in Derbyshire, a core territory of ours. It is a business we have long admired and I am delighted to welcome them to the Vertu Group. I see a very clear cultural, strategic and business fit.

"We are delighted and excited to commence representing Toyota under the Vertu Toyota brand adding yet another first class franchise to our business."

* adjusted for non-recurring and non-corporate items

** adjusted to remove investment properties that have been transferred out of the group prior to purchase

*** adjusted to restate revenue on the same basis as that adopted in the Group's financial reporting

Whats gone wrong with VTU. Fantastic profit. Outlook is very good, then whats the problem. you would expect the share price to double with the results

ISLAHI

Your question should be >>>> what is wrong with the sector

You can see on the graph ( for the last 2 month) that all the shares are down much the same % but LOOK is on a much worse place