Vertu Motors (VTU)

Sector:

Retailers

Index:

FTSE AIM All-Share

67.50p
   
  • Change Today:
      0.70p
  • 52 Week High: 87.40
  • 52 Week Low: 54.90
  • Currency: UK Pounds
  • Shares Issued: 337.60m
  • Volume: 481,276
  • Market Cap: £227.88m
  • 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 67.50p
Change Today 0.70p
% Change 1.05 %
52 Week High 87.40
52 Week Low 54.90
Volume 481,276
Shares Issued 337.60m
Market Cap £227.88m
RiskGrade 217

Vertu Motors Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
83.73% above the market average83.73% above the market average83.73% above the market average83.73% above the market average83.73% above the market average
63.16% above the sector average63.16% above the sector average63.16% above the sector average63.16% above the sector average63.16% above the sector average
Price Trend
24.11% above the market average24.11% above the market average24.11% above the market average24.11% above the market average24.11% above the market average
17.07% above the sector average17.07% above the sector average17.07% above the sector average17.07% above the sector average17.07% above the sector average
Income
31.65% above the market average31.65% above the market average31.65% above the market average31.65% above the market average31.65% above the market average
22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average
Growth
25.58% above the market average25.58% above the market average25.58% above the market average25.58% above the market average25.58% above the market average
40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
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
  Interim Final
Ex-Div 14-Dec-23 29-Jun-23
Paid 19-Jan-24 28-Jul-23
Amount 0.85p 1.45p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 27,718 @ 67.50p
16:35 202 @ 67.50p
16:35 383 @ 67.50p
16:35 669 @ 67.50p
16:35 401 @ 67.50p

Vertu Motors Key Personnel

CEO Robert Forrester

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