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

Espirito Santo Execution Noble Buy 46.25 45.50 63.00 64.00 Reiterates

WATCH: Vertu Motors (VTU) - Corporate Video

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LISTEN: Herencia Resources (HER) - Company and Project Update

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LISTEN: Vertu Motors (VTU) - Interim results

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Gone long on VTU, car sales booming and I think right time to buy with low interest rates...............

UK car production rises on back of strong domestic demand

Thu, 24 October 2013


UK car production jumped 9.9 per cent to 140,888 in September, a report from the Society of Motor Manufacturers and Traders (SMMT) revealed.

Car production for the 12 months to September reached 1.5m, the highest rolling 12-month total since October 2008, the report said.

Total output for 2013 so far has hit 1.12m.

Strong UK demand helped boost growth as exports climbed 9.3% last month.

“Boosted by strong domestic demand, September’s 9.9% rise in car manufacturing reinforces how the sector is one of the UK’s biggest success stories of recent years,” said Mike Hawes, SMMT Chief Executive.

“This year alone, more than £2.6bn has been committed across the UK automotive sector, from the supply chain to global car manufacturing brands. This long-term financial commitment and robust demand for UK-built products demonstrate the global appetite for high-quality, desirable products borne of the UK’s world-class design, R&D and engineering.”

VTU moving up nicely at the start.

LISTEN: Vertu Motors - Recent acquisitions

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RNS purchases Nissan outlets motor retailers doing well sp should move up currently 65p.

LISTEN: Vertu Motors (VTU) - Pre-close trading update

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Watch: Vertu Motors (VTU) - Final results for the year ended 28 February 2014

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Listen: Renew Holdings (RNWH) - Acquisition of Clarke Telecom Limited

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Vertu Motors - Acquisitions


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Vertu - Acquisition of Bury Land Rover & Bradford Jaguar

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Vertu Motors - Analyst interview, Zeus Capital

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New interesting Mike Alles's analysis for Vertu Motors: http://brrmedia.co.uk/event/138599/mike-allen

ST of IC today - So, with a chart break-out looking imminent, I feel next month's bumper set of half-year results will be the catalyst for the next leg-up in Vertu's share price. Trading on a bid-offer spread of 65.5p to 66p, it's time to bag a bargain off the stock market's forecourt. Buy.

Analysts target prices are 87p (Panmure Gordon), 100p (Liberum Capital) to 107p (Zeus Capital).

Vertu Motors - Acquisition of SHG Holdings Ltd

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Unaudited interim results

Financial Highlights

· Revenues increased by 14.0% to £1,236.1m (2014 H1 : £1,083.9m)

· Record profit before tax up 28.1% to £16.4m (2014 H1 : £12.8m)

· Adjusted1 profit before tax up 27.8% to £17.0m (2014 H1: £13.3m)

· Period end net cash of £32.1m (2014 H1 : £34.4m)

· Very strong cash generated from operations of £37.6m (2014 H1 : £15.9m)

· Earnings per share up 27.8% to 3.82p (2014 H1 : 2.99p)

· Interim dividend up 28.6% to 0.45p per share (2014: 0.35p per share) to be paid in January 2016



Operational Highlights

· Growth strategy progressed with 119 sales outlets in the Group portfolio: greater premium mix

· Record trading performance driven by improvement in recently acquired businesses, existing outlets and growth in higher margin service area

· Total car and van volumes up by 10%

· Service revenues up 6.2% in the core Group

· Service margins strengthened, up to 76.9% from 75.8%

· Strong performance in fleet and commercial sales, with growth in like-for-like margins leading to a strengthening in profitability

· Like-for-like used vehicle volumes increased 4.2%, the 8th consecutive half year of growth

· Operating expenses as a percentage of revenues continues to fall from 9.4% to 9.2%