We note Vertu has confirmed via RNS Reach it has been awarded the Toyota franchise in the West of Scotland, from the incumbent Arnold Clark. This is good news from a portfolio brand perspective as well as its expansion in Scotland through the Macklin Motors brand. We continue to believe the shares are undervalued following share price weakness of late and await a trading update early next month.
16 Feb 2022
Vertu Motors plc (VTU LN) - New Toyota franchise award in Scotland
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Vertu Motors plc (VTU LN) - New Toyota franchise award in Scotland
Vertu Motors PLC (VTU:LON) | 68.2 -0.8 (-1.7%) | Mkt Cap: 230.2m
- Published:
16 Feb 2022 -
Author:
Rachel Birkett, CFA -
Pages:
3
We note Vertu has confirmed via RNS Reach it has been awarded the Toyota franchise in the West of Scotland, from the incumbent Arnold Clark. This is good news from a portfolio brand perspective as well as its expansion in Scotland through the Macklin Motors brand. We continue to believe the shares are undervalued following share price weakness of late and await a trading update early next month.