Vertu Motors (VTU)

Sector:

Retailers

Index:

FTSE AIM All-Share

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

Vertu Motors lifts expectations as positive trading continues

By Josh White

Date: Thursday 04 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Car dealership operator Vertu Motors updated the market on Thursday, reporting that trading in the last two months had continued on its positive trend.
The AIM-traded firm had said in early December that trading performance in the nine months ended 30 November was ahead of the prior year, and its original budget levels.

It said that, despite the impact of regional lockdowns through December and the national lockdown from 4 January, strong marketing activity, maximisation of its omnichannel retailing function and cost control had meant that trading performance in the two-month period to 31 January had continued on that positive trend.

Overall profit performance also benefited from the previously-announced cost reduction programme, and the continued business rates holiday on showrooms.

"February trading continues to be impacted by the national lockdown which restricts sales activity," the Vertu board said in its statement.

"Whilst uncertainties remain over the trading performance of the group for February and into the next financial year because of the ongoing Covid-19 restrictions, the Board now expect that the trading result for the year ending 28 February 2021, at an adjusted profit before tax level, will exceed the current analysts' forecasts of around £18m."

At 0856 GMT, shares in Vertu Motors were up 2.41% at 34p.

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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 75.00p
52 Week Low 45.70p
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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