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The automotive retail industry is an evolving world…but you can still do a lot worse than Vertu Motors

Six months ago, I observed about Vertu Motors (VTU) that “I do not own the stock but if you do then I would carry on holding…this is more than a sector survivor in my opinion”. How is it all going at “the UK automotive retailer with a network of 189 sales and aftersales outlets”?

NEWSFLOW

Vertu Motors (#VTU) – FY adj. EPS down to 9.16p, DPS up to 2.15p, notes both improvement in new vehicle supply and cost pressures

NEWSFLOW

Vertu Motors (#VTU) – 5 months to end-Jan LFL revenue +9.4% YoY, notes “complex macro backdrop”

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Vertu Motors really loves prospects in the South West of England

After being a bit ill a couple of years ago, the DVLA was absolutely correct to ask me to return my driving licence. After all, it is not smart to drive a car if neither of your eyes has good enough vision any more. One small advantage is that I will never need to deal with car dealers or related again. This does not mean however I do not follow the sector, which brings me to today’s comment from Vertu Motors (VTU).

NEWSFLOW

Vertu Motors (#VTU) – agreement to acquire “predominantly premium” automotive retailer Helston Garages for £120.1m EV

NEWSFLOW

Vertu Motors (#VTU) – acquisition of BMW Motorrad outlets in Yorkshire for estimated £4.2m

NEWSFLOW

Vertu Motors (#VTU) – H1 adj. EPS down to 6.5p, DPS up to 0.7p, notes cost pressures but still strong sales performance

NEWSFLOW

Vertu Motors (#VTU) – strong H1, though notes likely rising energy costs and inflation impact on consumers

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Vertu Motors (#VTU) – recent significant decline in used car volumes, but strong margins

NEWSFLOW

Vertu Motors (#VTU) – further profit upgrade, admits has benefitted from “highly favourable trading conditions”