4 March 2024 - trading update
Regular readers will remember that we reduced our recommendation on the motor vehicle retailer Vertu Motors to hold back in November as we thought that the shares had reached a plateau. Although we were slightly premature with our prediction as the share price did move up into the mid 80's subsequently, a disappointing trading statement did see the shares fall back to 63p at the start of last month. The trading statement today has provided some re-assurance for investors with the group seemingly consolidating with used car prices stabilising after a general reduction . . .
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