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 becomes UK's largest BMW motorcycle retailer

By Michele Maatouk

Date: Tuesday 01 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Automotive retailer Vertu Motors said on Tuesday that it has bought two BMW motorcycle outlets for £4.2m.
Vertu bought the business and assets of two outlets in Yorkshire from Saltaire Motor Company Limited, which trades as Allan Jefferies, making it the largest BMW Motorrad motorcycle retailer in the UK.

The outlets purchased are located in Shipley, near Bradford, and Rotherham. The business will be rebranded to trade under the Vertu name from the outset and will become part of the Vertu Motorcycles division, which will operate six motorcycle outlets across Motorrad and Honda.

For the year ended 29 September 2021, the business achieved revenue of £20.5m and an operating profit of £463,000.

Due to the seasonality of motorcycle sales, Vertu said the business is expected to contribute a small loss for the remaining four months of the financial year and to be earnings-enhancing in its first full year of ownership.

Vertu chief executive Robert Forrester said: "Our business is performing strongly and the addition of two further BMW Motorrad outlets will be accretive both financially and strategically to the group."

BMW Motorrad is the motorcycles brand of BMW Group. In the full year 2021, it was the UK market leader in the 'big bikes' category with a 16.6% market share. Vertu currently operates one Motorrad outlet in Sunderland which it acquired in 2020.

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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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