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The best stocks to buy since 1993

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Vertu Motors - Consolidator in motor retail sector

January 2007

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • VTU
  • Price:
  • 77p
Vertu Motors (VTU; 77p) floated just before Christmas in order to consolidate the UK motor retailing sector. The company was only established three months earlier as a cash shell and has yet to complete its first acquisition but the shares have already met with a strong reception from investors, with Vertu raising £24m after costs via a placing at 60p by Brewin Dolphin, against earlier expectations of raising between £5m and £15m. The key attraction for investors is that Vertu comes with a highly experienced management team. Of its four founding shareholders, two have joined the board and the other two will join as acquisitions are concluded. Chief executive Robert Forrester, aged 37, was finance director of the ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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