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

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