Make your money go further for just 25p per day

Vertu Motors – there is life in motor retail

17/04/2009 · Vertu Motors (VTU) 

Shares in AIM quoted Vertu Motors have staged somewhat of a recovery over the last weeks rising over 200% off their lows of 10p. Although this is nowhere near the meteoric rise in share price experienced by the likes of larger peers Pendragon and Inchcape it’s nonetheless encouraging given all the misery surrounding motor retail.

Vertu hasn’t really done much wrong since arriving on the market at the end of 2006 other than choosing a poor time to grow a motor retail group from scratch. However, at least financial markets were accommodating at the time enabling them to raise well in excess of the required funds; it’s just a pity they didn’t hold back a bit longer before going on the acquisition spree!

The group’s trading update on 5th…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on Vertu Motors

Bonkers Bargain candidate | More takeovers

08/12/2023 · Company Insights

Two more smaller companies, one on AIM the other the Main Market, announced takeover bids this…


Good value | End of the road? | Focus on cash collection

10/05/2023 · Company Insights

Results and updates covered here includes a positive update from a well-established sector leader, whose shares…


More Company Insights

Elderly challenges | Demotion | Australian boost

21/11/2024 · Churchill China · CVS Group · Renold · Tracsis

Bonkers Bargains: poised to recover with a new CEO

20/11/2024 · James Cropper

Improving returns | Questionable business models

Sign-up to our free email updates

SIGN UP