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Results: VTU

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Vertu Motors really loves prospects in the South West of England

After being a bit ill a couple of years ago, the DVLA was absolutely correct to ask me to return my driving licence. After all, it is not smart to drive a car if neither of your eyes has good enough vision any more. One small advantage is that I will never need to deal with car dealers or related again. This does not mean however I do not follow the sector, which brings me to today’s comment from Vertu Motors (VTU).

Vertu Motors hopes for higher profits...but always be cautious about cars

Back in March HERE I wrote why I thought ‘what a strange company is Pendragon’ (PDG), but if you wanted to buy a car dealer then ‘look at a peer such as Vertu Motors (VTU) which is trading below book value and, via okay profitability, at a low double digit multiple’. Since then Pendragon shares are little changed but Vertu Motors shares are up well over 20% – and that includes a striking announcement today.

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