Lavendon Share Discussion Threads

[gleach23] 18/4/2016 12:00

lol...showing your age Gargoyle? :p

let's hope for a Reach Out up to £2+ then (I had to google that obviously....ahem)

[heliweli] 18/4/2016 11:53

Breakout from here to £2 possible.

[gargoyle2] 18/4/2016 11:49

The Four Tops ... they don't make em like that any more..

[gleach23] 18/4/2016 11:19

Hope so che7win...looks like a quadruple top on the chart to negotiate at present though!

[che7win] 18/4/2016 10:49

Big spread, on the up.

[rivaldo] 15/4/2016 13:41

A couple of summary extracts from Peel Hunt's latest note FYI (cheers mate) - they have a 275p target:

"Q1 IMS confirms trading in line, n/c estimates

The Q1 IMS confirms trading in line, with notable revenue progress across the key UK (+6%) and Middle East (+21%) markets. The outlook remains positive and at this relatively early stage of the year, we confidently retain our estimates. The shares remain materially undervalued (asset value of 131p) given the consistent delivery and improved ROCE (12.3%)."

"Estimates. Capex guidance is unchanged (£55m) and we retain our FY2016E PBT of £40.5m (consensus £40.0m) These estimates are currently based on average 2015 exchange rates, which we will review at the H1 2016 stage.

Valuation. This confident statement should reassure investors. We consider that
the current multiples or the 1.0x EV/IC do not reflect the clear potential and
consistent delivery of returns. Clear asset backing with income attractions."

[che7win] 15/4/2016 10:08

This looks undervalued below 200p to me, happy to hold.

[3rd eye] 15/4/2016 09:42

Lavendon Group plc 100.7% Potential Upside Indicated by Peel Hunt
Posted by: Katherine Hargreaves 14th April 2016

Lavendon Group plc using EPIC/TICKER code LON:LVD had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ today by analysts at Peel Hunt. Lavendon Group plc are listed in the Industrials sector within UK Main Market. Peel Hunt have set a target price of 275 GBX on its stock. This now indicates the analyst believes there is a possible upside of 100.7% from the opening price of 137 GBX. Over the last 30 and 90 trading days the company share price has decreased 9.25 points and increased 5 points respectively.

Lavendon Group plc LON:LVD has a 50 day moving average of 141.93 GBX and a 200 day moving average of 154.26 GBX. The 52 week high share price is 211.5 GBX while the 52 week low for the share price is 120.75 GBX. There are currently 169,711,599 shares in issue with the average daily volume traded being 307,235. Market capitalisation for LON:LVD is £235,899,123 GBP.

[rivaldo] 14/4/2016 15:23

Canaccord say Buy with a 229p target:



And a nice mention here:



"Reach higher

Thanks to its exceptional record of generating earnings growth, Lavendon Group (LSE: LVD) has long proved a winner for those seeking dividend growth year after year.

Indeed, demand for the firm’s ‘powered access equipment’ — equipment that enables people to work at height — continues to shoot reliably higher around the globe. Lavendon saw group revenues surge 13% higher during January-March, the business announced today.

The City shares my bullish take, and expects Lavendon Group to raise 2015’s payment of 5.4p per share to 5.7p this year, and again to 6p in 2017. The hardware operator subsequently sports jumbo yields of 4.3% and 4.5% for 2016 and 2017 correspondingly."

[bigdazzler] 14/4/2016 11:20

I'm long in these technicals on this share are good at the present time.

[thomasthetank1] 14/4/2016 11:00

Read Panmure's note on Lavendon Group (LVD), out this morning, by visiting hxxps://www.research-tree.com/companies/uk/support_services/lavendon_group_plc …
“Lavendon, the leading powered access rental business (e.g. “cherry pickers”) has started the year on an up note with rental revenues +9% (CFX basis). This compares with +1% 3Q15 and +5% 4Q15. Since the year end net debt increased (£147m vs £119m), reflecting phasing of capex. Crucially, the working cap profile in the Middle East has marginally improved and represents an important catalyst for investors…R21;

[rivaldo] 14/4/2016 10:58

Agreed. I bought a few of these a bit nervously at around 135p recently, but am most impressed at today's update. Perhaps a top-up is due.

I see Peel Hunt have reiterated their Buy and 275p target.

Considering LVD is trading at around its 131p book value hopefully this is the bottom now. If the sellers run out of stock then there could be a sizeable recovery in sight.

I doubt that forecasts of 19.5p EPS and a 6.2p dividend will be increased yet - that will probably wait for the next trading update, which is only two months away.

[spud] 14/4/2016 10:52

Can't ask for a lot more..

spud

[che7win] 14/4/2016 10:23

Excellent update.

[gleach23] 14/4/2016 10:23

usual story so far - positive update and positive share price reaction

let's see what happens in the forthcoming days as it has drifted back on all recent updates

my resolution to hold is bolstered (again) but still waiting for that volume

[connor23] 14/4/2016 08:22

Pretty bullish update in the circumstances. Good growth in the key UK and ME markets. Hopefully get hold of some broker notes later today.

[dahhad] 14/4/2016 07:54

Optimistic that this time next year the shares will be considerably higher if the company delivers the improvements in the 2nd half as per trading update. May see some weakness before then IMO but one to lock away and revisit next year!

[gleach23] 11/4/2016 09:31

davidosh - do you have a killer question you are taking with you?

I don't really have one as I think most of them have been addressed, except perhaps a question on their confidence in swiftly addressing the net debt recently inflated by the additional ME plant investment.

The main question I have is what are the current intentions of the IIs who have recently reduced, but the company can't answer that.

[aishah] 10/4/2016 15:59

Lavendon Group chief executive Don Kenny on mission to raise company's share price:

Lavendon's chief executive Don Kenny talks passionately about the company he's headed for the past four-and-a-half years.

He said: "Our specialty is working with big clients who are very sophisticated. They are looking for something more than just a hydraulic platform. They don't just want a lump of metal painted blue that goes up and down. They want the consultancy services around it.

"So we advise them about which MEWP they should use, when they should use it and what attachments it will need.

"We have that consultancy capability. We can talk about the job and advise about what's needed.

"It's all about developing a relationship with a customer so he will decide to come back time and time again."

Mr Kenny's approach seems to be paying off.

In February, revenues from the Middle East helped the group, which is listed on the London Stock Exchange, record a 13 per cent rise in pre-tax profits to £38.5 million for the 12 months to the end of December.

Revenues grew one per cent to £248.6 million, up from £246.3 million in the previous year.

The UK contributed 47 per cent of group revenue, while Europe generated 29 per cent with a 24 per cent contribution from the Middle East. While the company's shares nudged up a few pence to about 138p on the back of the news, Mr Kenny believes the group is seriously undervalued.

He said: "For a company that makes decent profits every year, that is pretty disappointing. Analysts say we should be at 200p plus."

Mr Kenny believes Lavendon's shares have been unfairly marked down because its rivals HSS and Speedy Hire had a bad year last year.

He said: "It is frustrating but we just have to focus on running the business and hope the market will wake up to the idea that actually Lavendon is an undervalued company as all the analysts and investors say.

"Eventually the penny will drop."

[aishah] 10/4/2016 15:45

Last issue of The Momentum Investor reviewed recent update and finished with:
"Based on unchanged forecasts for eps of 19.5p and a dividend of 5.8p the shares trade on a paltry PE of 7.7 and yield of 3.9% and net asset value on 131p (tangible NAV 105p) leaves the operating business almost in for free. Strong hold."

Value will out eventually here for the patient. dyor

[gargoyle2] 10/4/2016 09:17

Midas tip today:

[my retirement fund] 08/4/2016 16:53

do let us know what happened please

[davidosh] 08/4/2016 11:49

AGM...

I am hoping to be there.

[gleach23] 08/4/2016 10:29

AGM scheduled for next Thurs, 14th April so would expect Trading Update then.

Notice of AGM doesn't appear on ADVFN news feed.

[gleach23] 06/4/2016 11:51

Well dropping it once more into the low 130s doesn't seem to be flushing out the volume required to clear the suspected overhang. Makes me wonder if they'll need to take it lower. Have told myself to wait for volume before any more top ups - I'll be happy if this is on a lower price if necessary. Just imo.