Vertu Motors - Analyst Interview, Zeus Capital
VTU , ZEUS Wed, 11 May 2016, 12:15pm BST
Zeus Capital provide their view on Vertu Motors final results for the year ended 29 February 2016. Vertu reported another record performance year with revenues up by 16.8% as well as record profit before tax increasing 23.8%. These results were 4% ahead of expectations at the adjusted EPS level. With the shares still below their placement price, Zeus see significant value longer-term, and believe that the company is in a strong position to deliver EPS of 8p once it deploys its capital.
Mike Allen
Head of Research
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