Vertu Motors – 42.5p

1 March 2013 – trading update

Vertu Motors has released a pre-close trading update for the year ended 28 February.  This is upbeat and the company expects results for the year to be ahead of market expectations.  The dealership network was grown to 95 sales and aftersales outlets across the UK during the year and this makes it the seventh largest retailer in the sector by revenue.  Further acquisitions are continually being assessed and we feel that there is further value to be created.  We maintain our BUY rating.

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