Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.
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Insider sells never good, let's be honest, let alone from CEO and at this level. Hasn't even used the old tax purposes excuse, just a straight up sell. Nobody will better placed to know the company's outlook. Tells us there's no buyout on immediate horizon. On that note I've taken that cue to follow the money and sell too. Maybe one to revisit in the 60s.
CEO's wife sells 2 Million shares for £1.5 Million approx: Helen Forrester, wife of Robert Forrester CEO of the Company, has sold 2 million shares in the Company in two tranches of 1 million shares each this week for 77.55 pence and 74.00 pence. That's a big £1.5 Million approx slice to be selling off and reduces the CEO's holding to 1.63%.
For anyone wondering this RNS is TDR moving their holding to a subsidiary (Constellation Automotive Holdings Limited) which owns Cinch and BCA https://www.tdrcapital.com/portfolio/constellation-automotive-group/
Got to be good for VTU sales right??
Just seen results , look ok and welcome divy increase
Chart looks very nice to me over last year 18month
Value will out in time
Gla
Not sure why the brakes are stuck on the Vertu motor share price, anyone know a good mechanic?
Search for : research-tree vertu-motors-preliminary-results-highlights-video-15-05-2024
https://*********************/media/vertu-motors-preliminary-results-highlights-video-15-05-2024
Pretty decent results I thought. £4.7bn revenue is a big increase on last year's £4bn. Other key metrics going in right direction, free cash flow up while net debt down.
The question marks like BEV depreciation and used car market turbulence late last year now in rear view mirror, so current financial year should improve further still. Good to see fresh buyback and increasing divi. Underlying profit of £34.6m a reminder of how slender margins in this industry are, but I make that a p/e of only 7.5 - with net asset value per share at 70.5p those profits are virtually free at this price.
Whatevs
Hopefully todays move is indicative of good results tomorrow and we do not lose this gain. Shorters too hopefully have called it wrong.
It doesn't follow the narrative!!
When, not if, there is a bid it will end up in the 125-130p.
Could management resist a bid c£1?
surely to a well capitalised US corporate that would be great value for a serious foothold in a market crying out for consolidation
News today Inchscape offloaded the retail arm to Group 1. They're NYSE listed $3.6bn, so good read across for sector that these large US firms still interested in acquiring UK car dealership assets, after bids for Pendragon and Lookers last year.
Price paid £346m. For context it had revenue of £2.07bn, operating profit of £49m.
Vertu today valued at £224m. We await full year results but last year Vertu had revenue £4bn - or nearly double the Inchscape subsidiary that sold for 50% more than Vertu's current valuation.
Depends what Cinch is up to with their holdings and further who acquires the Inchcape retail space?
Will check again end of august.
TU
Is pushing sp lower lol
Have now sold 50% of their shares in pendragon. They also raised £120 million last year, probably to fund a purchase in pendragon. The question is, what will they do with the money now?
Still a big buyer here, probably TDR Capital. I wonder what there end game is? I'm guessing its profit, just as they did with Lookers.
TDR Capital now own 9%, its getting interesting.
2 x 2.7 Million shares dealt, looks like buys to me, although it's not affecting the share price. We should find out tomorrow or Thursday. Its getting lively now!! Vertu not continuing their buy back either, offer on the table??
I mentioned last year once they went over 5% that I believed their target was 10%+, looks like it's now playing out that way. That threshold will be put them in position to potentially appoint nominee to board and ultimately call more shots. Where it gets interesting is they're far from alone in building a position here.
Now own 8%!! Someone knows something and it's clearly not the idiot below!!!