Vertu Motors (VTU)

Sector:

Retailers

Index:

FTSE AIM All-Share

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

Vertu Motors acquires East Midlands-based Toyota dealerships

By Iain Gilbert

Date: Monday 13 Dec 2021

LONDON (ShareCast) - (Sharecast News) - Car dealers Vertu Motors said on Monday that it had grown its Toyota presence through the acquisition of two dealerships in the East Midlands.
Vertu stated it had acquired Farmer & Carlisle Holdings, which operates two Toyota franchise dealerships in Loughborough and Leicester for £9.2m, funded from existing cash resources.

The AIM-listed group said the business included two freehold dealership properties, which were included in the purchase consideration.

Vertu, which highlighted that the dealerships reported a statutory pre-tax profit of £600,000 in 2020, said its systems and processes would be implemented immediately, with the business set to be rebranded as Vertu. The acquisition also increases the group's representation of "the sought-after Toyota brand" to a total of three locations across the East Midlands.

Chief executive Robert Forrester said: "We are delighted to announce the group's expansion with the much sought-after Toyota franchise. The addition of more Toyota sales outlets to the group's portfolio has long been a strategic objective of the group since we envisage the brand gaining market share in the medium-term and being well positioned to take advantage of opportunities as the wider automotive sector evolves."

As of 0915 GMT, Vertu shares were down 0.28% at 70.0p.

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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 75.00
52 Week Low 46.70
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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