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Did Close brothers know something ?
RNS Trading Update and 20% drop !
I think it is all luck appleby I know nothing really not into charting , do not use stop loss.
Not been impressed by brokers advise but only had ones from the smaller AIM type brokers ( SVS ect )
Who is your broker , might be better , but was he clear .
One thing is for sure - any takeover approach will now be accelerated IMO. Hardly a savage profit warning - 17%. Let’s wait and see
Won't be surprised to see the sells hoovered up and the sp back at 80 by close.
I don’t think the stock is anything to really worry about. There is a structural shortage of second hand cars in the U.K. the profit warning is a kick in the teeth but I wonder if it’s a clear the deck job pending takeover. Management onside to keep their jobs? Ultimately, you have three options: sell, do nothing or buy. I have doubled down at 66p. GLA
How are they going to shift the 1,000s of cars in stock? At a cash loss would be my guess!
They benefitted massively in the years after covid where they could sell 2nd hand cars for a huge premium over cost.
I'd like more info on how they going to shift the 1000s of overpriced cars in stock??
Boom times over, certainly for the next few years, no one will want to buy the business with all that stock... Gla
Whilst it’s a disappointing update, the vultures will definitely be circling now to get us on the cheap, so I’m staying put
I'm back in sub 50p in the new year.
Profit warning today just the start.. Gla
Scroll down to No.11.
11. Additional Information
On the 30th November 2023, Close Brothers Asset Management sold 3,447,269 shares in VERTU MOTORS PLC ORD 10P. This brought our shareholding to 3.98% of the shares in issue. This is based on the shares in issue figure of 340,752,756 as at 30th November 2023.This is the required notification that the holding has crossed 5% of the shares in issue.
'Close brothers sold a lump explains where shares came from '
??? I read that RNS as Close buying not selling.
Close brothers sold a lump explains where shares came from .
Thinking of buying one of these
Any feedback from an owner?
Not convinced either Duffy’s or Cinch are big enough to take VTU over. However they will know more than us and know of someone else that is. Perhaps both have loaded to make a few quid. Interesting times
Industry players buying in heavily. They must know something is coming
Looks like Joe Duffy Group taking a position.
Surprised if there was 9m shares available to buy , was not showing any thing like that available on L2 at the buy point
Must have been a neg trade to get volume .
Highest volume day in 2.5 years!
If it was Cinch then it’ll take them to 9%. Hopefully it’s some one else as a rival.
Humongous volume yesterday. Looks like we are in the final lap before the unknown predator strikes.
3 x 3 Million trades
Ok initial bid 105
Bit of fun and speculative with Cinch increasing. Any predictions for a bid, will go with 110p. Vertu is the last major car dealership listed.
The question has to be why as cinch doubled its position in this company .
It would be a mega deal if Cinch tried to buy Vertu. I doubt it will happen. Seems an odd move. Maybe they are just trying to diversify a little?