Vertu Motors (VTU)

Sector:

Retailers

Index:

FTSE AIM All-Share

55.10p
   
  • Change Today:
    -1.40p
  • 52 Week High: 75.00p
  • 52 Week Low: 45.70p
  • Currency: UK Pounds
  • Shares Issued: 348.95m
  • Volume: 247,658
  • Market Cap: £192.27m
  • RiskGrade: 217

Vertu Motors in 'significantly better position' following strong July trading

By Iain Gilbert

Date: Thursday 20 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Car dealership Vertu Motors said on Thursday that trading had improved in July, with the group now in a "significantly better position" than it had originally anticipated.
Vertu said it had delivered an adjusted pre-tax profit of £7.4m last month, a marked improvement year-on-year.

However, after having incurred a pre-tax loss of £5.2m in the four months ended 30 June, Vertu stated it had only managed to eke out a year-to-date pre-tax profit of £2.2m.

The AIM-listed group highlighted that it had continued to see robust retail sales demand for both new and used car and vans in July, while fleet volumes were more subdued.

Aftersales demand continued to be "strong" and above normal levels 0 with July delivering an 11.2% year-on-year uplift in core group service gross profit.

Chief executive Robert Forrester said: "July trading continued the trends seen in June and was significantly stronger than both what we envisaged and the group's original business plan for the month.

"A robust recovery in customer demand for our vehicles and servicing has continued, aided by our investments in omnichannel retailing."

As of 0910 BST, Vertu shares were up 12.30% at 24.48p.

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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 55.10p
Change Today -1.40p
% Change -2.48 %
52 Week High 75.00p
52 Week Low 45.70p
Volume 247,658
Shares Issued 348.95m
Market Cap £192.27m
RiskGrade 217

Vertu Motors Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.46% above the market average87.46% above the market average87.46% above the market average87.46% above the market average87.46% above the market average
82.61% above the sector average82.61% above the sector average82.61% above the sector average82.61% above the sector average82.61% above the sector average
Price Trend
70.15% above the market average70.15% above the market average70.15% above the market average70.15% above the market average70.15% above the market average
75.51% above the sector average75.51% above the sector average75.51% above the sector average75.51% above the sector average75.51% above the sector average
Income
52.76% above the market average52.76% above the market average52.76% above the market average52.76% above the market average52.76% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
92.56% above the market average92.56% above the market average92.56% above the market average92.56% above the market average92.56% 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 09-Aug-2022

Time Volume / Share Price
12:07 7,865 @ 55.40p
11:43 1,346 @ 55.10p
11:43 2,000 @ 55.10p
11:43 5,176 @ 55.20p
11:43 646 @ 55.20p

Vertu Motors Key Personnel

CEO Robert Forrester

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