Vertu Motors - VTU Stream Log

Collins Sarri Statham Investments believes carpet and floor coverings retailer Carpetright and car dealer Vertu Motors look like acquisition...

I think the stock found a comfortable support level at 50. So it'll take a very bad news to go below that and not a lot required to go above 50. Results are due in Oct so should rally towards 60 tip next update

Zeus' note out this morning on Research Tree... "As expected, Vertu is deploying the equity capital from the placing quickly, this time acquiring a long established business comprising of five outlets in Chesterfield and Derby. This is a strong geographic region for the Group and adds further scale to its Land Rover, Skoda and Nissan franchise. In addition, this also adds Toyota as a new brand partner. We anticipate this transaction to be EPS enhancing from the outset, and believe Vertu has acquired this for an EV/EBITDA multiple of 6x, which is in line with its stated..."

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