Vertu Motors - Analyst interview, Zeus Capital
ZEUS , VTU Fri, 01 Sep 2017, 12:00pm BST
Vertu has released a pre-close trading update confirming it continues to trade in line. Zeus Capital upgrade their forecasts to reflect the increased cash resources following the announcement of the sale and leaseback of one of Vertu's freehold JLR sites for a cash consideration of £14m. Zeus continue to believe Vertu remains well positioned to deliver strong growth over the medium term.
Mike Allen
Head of Research
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