Vertu Motors Plc (LON:VTU) is the topic of conversation when Mike Allen head of Research at Zeus Capital joins DirectorsTalk to discuss its latest trading update. Mike provides an overview of the update, the keys themes, the impact on the forecast and his view on the company valuation.
Vertu Motors plc was formed in late 2006 to acquire and consolidate UK motor retail businesses. A senior management team, with a wealth of experience within the sector, was put in place and on 27th March 2007 the Group acquired the 13th largest motor retailer in the United Kingdom, Bristol Street Motors. With the addition of further acquisitions, Vertu Motors is now the 6th largest motor retailer in the United Kingdom.