Vertu delivered a strong set of H1 results, the second highest on record, despite a deteriorating economic environment and clear cost headwinds to contend with. The Group is well capitalised and we anticipate continued execution on its well established strategy over the coming months. We are raising our FY23 EPS forecasts by 13% post these results, and continue to believe the shares remain considerably undervalued based on significant financial firepower, asset backing and strong execution of th ....
05 Oct 2022
Vertu Motors PLC (VTU LN) - Continued execution
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Vertu Motors PLC (VTU LN) - Continued execution
Vertu Motors PLC (VTU:LON) | 64.8 -0.4 (-0.9%) | Mkt Cap: 218.8m
- Published:
05 Oct 2022 -
Author:
Carl Smith, CFA -
Pages:
16
Vertu delivered a strong set of H1 results, the second highest on record, despite a deteriorating economic environment and clear cost headwinds to contend with. The Group is well capitalised and we anticipate continued execution on its well established strategy over the coming months. We are raising our FY23 EPS forecasts by 13% post these results, and continue to believe the shares remain considerably undervalued based on significant financial firepower, asset backing and strong execution of th ....