Vertu Motors (VTU)

Sector:

Retailers

Index:

FTSE AIM All-Share

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

Vertu Motors group profitability remains ahead of prior-year levels

By Iain Gilbert

Date: Thursday 09 Dec 2021

LONDON (ShareCast) - (Sharecast News) - Car dealer Vertu Motors said on Thursday that group profitability in October and November continued to be delivered ahead of prior-year levels.
Vertu stated while shortfalls in the supply of both new and used vehicles in the UK had continued due to ongoing supply chain issues, new vehicle supply in October and November was "better than envisaged" and cars were sold at enhanced margins.

The AIM-listed firm highlighted that customer demand had also remained positive, with strong future order banks in all new vehicle channels being evident.

Used vehicle supply constraints were said to have continued to underpin vehicle values, which Vertu said had now plateaued and were starting to follow "more normalised seasonal trends".

Vertu added that it remains cautious on its future outlook with the potential of further disruption from Covid-19 to its resource levels, consumer confidence and global supply chains.

"Considering the robust trading performance delivered for the year to date, the board now anticipates that the group's adjusted profit before tax for the year ending 28 February 2022 will be no less than £70.0m (previously not less than £65.0m)," said Vertu.

As of 0900 GMT, Vertu shares were down 1.16% at 68.20p.

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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 75.00p
52 Week Low 46.70p
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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