Vertu Motors (VTU)

Sector:

Retailers

Index:

FTSE AIM All-Share

53.30p
   
  • Change Today:
      0.80p
  • 52 Week High: 75.00
  • 52 Week Low: 46.70
  • Currency: UK Pounds
  • Shares Issued: 348.95m
  • Volume: 583,624
  • Market Cap: £185.99m
  • RiskGrade: 217

Vertu Motors online sales grow amid lockdown

By Iain Gilbert

Date: Thursday 07 May 2020

LONDON (ShareCast) - (Sharecast News) - Automotive retailer Vertu Motors said on Thursday that online and telephone sales had continued to grow since Downing Street's social distancing restrictions came into effect on 23 March.
Vertu, which temporarily closed all retail vehicle sales and aftersales operations as a result of the lockdown, said it had received 825 retail vehicle orders and 749 fleet and commercial orders which will be delivered to customers once the Government's restrictions on showroom operations are lifted.

Internet sales enquiries for April were approximately 37% higher year-on-year, boosted by a TV marketing campaign which highlighted digital options available for customers.

Vertu added that it was looking to "capitalise on trading opportunities" amid the Covid-19 pandemic and said costs were being managed "very closely" - with the group furloughing around 80% of its workforce and applying for grants from the government.

Looking forward, Vertu said meticulous planning had been undertaken for the re-opening of dealerships in a "safe and socially distanced way", with strict guidelines and the use of personal protection equipment where appropriate.

"Dealership sales showrooms will open when restrictions are lifted with a phased return of colleagues from furlough likely to be adopted to balance resource levels and opportunity."

As of 1320 BST, Vertu shares were up 5.10% at 25.75p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Vertu Motors Market Data

Currency UK Pounds
Share Price 53.30p
Change Today 0.80p
% Change 1.52 %
52 Week High 75.00
52 Week Low 46.70
Volume 583,624
Shares Issued 348.95m
Market Cap £185.99m
RiskGrade 217

Vertu Motors Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.50% above the market average89.50% above the market average89.50% above the market average89.50% above the market average89.50% above the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Price Trend
58.65% above the market average58.65% above the market average58.65% above the market average58.65% above the market average58.65% above the market average
70.83% above the sector average70.83% above the sector average70.83% above the sector average70.83% above the sector average70.83% above the sector average
Income
60.60% above the market average60.60% above the market average60.60% above the market average60.60% above the market average60.60% above the market average
12.00% above the sector average12.00% above the sector average12.00% above the sector average12.00% above the sector average12.00% above the sector average
Growth
91.91% above the market average91.91% above the market average91.91% above the market average91.91% above the market average91.91% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Vertu Motors Dividends

  Latest Previous
  Final Interim
Ex-Div 30-Jun-22 16-Dec-21
Paid 29-Jul-22 21-Jan-22
Amount 1.05p 0.65p

Trades for 16-Aug-2022

Time Volume / Share Price
16:35 49,035 @ 53.30p
16:28 26 @ 53.30p
16:28 2 @ 53.30p
16:28 4,440 @ 53.30p
16:28 516 @ 53.30p

Vertu Motors Key Personnel

CEO Robert Forrester

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