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Vertu - Profits running ahead of forecast

September 2014

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:
  • 56.5p
Lack of space meant we omitted an update on Vertu, the UK's sixth largest dealership, following a trading update last month that said trading is running ahead of current market expectations. The key driver behind a strong performance in the first four months of the year has been the on-going strength in the new car market, with registrations +11.9% whilst Vertu outperformed with +13.5%, like-for-like. Vertu has also seen continued growth in its car fleet operations, with like-for-like volumes increasing by 12%, ahead of UK car fleet registrations, which grew 10.1%. Since our last update there have been further inroads into the premium segment with the purchase of Hillendale, comprising a Land Rover dealership in Nelson and Vertu's ...

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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.

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