Vertu Motors (VTU)

Sector:

Retailers

Index:

FTSE AIM All-Share

56.50p
   
  • Change Today:
    -0.40p
  • 52 Week High: 75.00
  • 52 Week Low: 45.70
  • Currency: UK Pounds
  • Shares Issued: 348.95m
  • Volume: 211,925
  • Market Cap: £197.15m
  • RiskGrade: 217

Vertu Motors acquires outlets from Inchcape

By Iain Gilbert

Date: Monday 07 Dec 2020

LONDON (ShareCast) - (Sharecast News) - Automotive retailer Vertu Motors has acquired the business and assets of a market area of 12 sales outlets located in York, Sunderland, Teesside, Durham and Malton.
Vertu said on Monday that the acquisition gave it access to a "significant BMW and Mini market area" in Yorkshire and the North East and noted that the introduction of the two brands into its portfolio would see it benefit from both manufacturer's electric vehicle offerings.

The AIM-listed group said the consideration of £18.76m would be funded through existing cash resources and a new £12.76m, 20-year mortgage facility from BMW Financial Services.

In terms of recent trading, Vertu said its trading performance had remained ahead of the prior year and original budget levels, with the group trading approximately 15% higher year-on-year at a pre-tax level.

"Overall profit performance has benefited significantly from the continued business rates holiday on showrooms, grants claimed for colleagues furloughed and the impact of cost savings from the previously announced cost reduction programme," said Vertu.

"It remains uncertain as to whether trading performance for the remainder of the financial year will continue at the level seen year to date, particularly given the potential impact on trading of further Covid-19 restrictions and the impact of Brexit from 1 January 2021."

As of 0945 GMT, Vertu shares were down 1.25% at 27.60p.

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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 56.50p
Change Today -0.40p
% Change -0.70 %
52 Week High 75.00
52 Week Low 45.70
Volume 211,925
Shares Issued 348.95m
Market Cap £197.15m
RiskGrade 217

Vertu Motors Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.19% above the market average87.19% above the market average87.19% above the market average87.19% above the market average87.19% 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
71.62% above the market average71.62% above the market average71.62% above the market average71.62% above the market average71.62% above the market average
79.17% above the sector average79.17% above the sector average79.17% above the sector average79.17% above the sector average79.17% above the sector average
Income
53.46% above the market average53.46% above the market average53.46% above the market average53.46% above the market average53.46% above the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average
Growth
92.55% above the market average92.55% above the market average92.55% above the market average92.55% above the market average92.55% 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 08-Aug-2022

Time Volume / Share Price
14:27 491 @ 56.50p
14:27 1,567 @ 56.50p
14:27 933 @ 56.50p
14:27 171 @ 56.50p
14:19 3,063 @ 56.40p

Vertu Motors Key Personnel

CEO Robert Forrester

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