Share Name Share Symbol Market Type Share ISIN Share Description
VP LSE:VP. London Ordinary Share GB0009286963 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +37.50p +4.27% 915.00p 903.00p 930.00p 915.00p 880.00p 880.00p 60,582 10:30:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 248.7 30.3 60.3 15.2 367.41

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Date Time Title Posts
08/11/201710:58Vp PLC - Specialist Equipment Rental278
21/3/200814:01VP PLC Research shows it's a strong buy for 2002>>555
04/12/200607:20VP cracking set of results...why is this not much higher?-
11/3/200610:23VP plc16

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VP Daily Update: VP is listed in the Support Services sector of the London Stock Exchange with ticker VP.. The last closing price for VP was 877.50p.
VP has a 4 week average price of 785p and a 12 week average price of 785p.
The 1 year high share price is 915p while the 1 year low share price is currently 712p.
There are currently 40,154,253 shares in issue and the average daily traded volume is 2,657 shares. The market capitalisation of VP is £367,411,414.95.
kirkie001: Unlike this company's share price to get so excited! I can't believe it's down to paid for "research" published by Equity Development - is there some other reason?
rhomboid: IC tip today; "Share price performance among rental companies has been uninspiring over the past year. Valuations for small caps such as Speedy Hire (SDY) and HSS Hire (HSS) have slumped alarmingly, and even FTSE 350 constituent Ashtead (AHT) hasn't escaped the general markdown. However, the share price of Vp (VP.) has flatlined over the past 12-months. That implies resilience in the face of deteriorating markets, which is also borne out by the share price beta of just 0.1 (see table), and a narrow trading band through much of the year. However, Vp's shares aren't just a safety play - we also view them as a potentially lucrative recovery buy. Vp's contract mix does, indeed, include defensive strands through exposure to the UK water industry's capital spending and railways maintenance work. But that doesn't necessarily mean Vp's shares will underperform once investors regain their appetite for risk taking. That's because Vp, like all equipment-rental operators, has lots of operational gearing - as demand for its equipment rises and revenues respond, its costs stay little changed." " Vp is also likely to be a beneficiary of end-market recovery in the UK due to its efficient operating structure and proactive management. Its record of never cutting a dividend is an obvious draw for investors. However, there is also an implied upside of around one-third from the current share price of 685p if Vp's rating relative to its peer group - as measured by the price-earnings ratio on their shares - recovers to its historic average. True, this rating discount is mostly in relation to Vp's overseas peers, so the widening has been predominantly linked to the relative decline of the UK's support services sector. The group's focus on specialist segments of the equipment hire market has seen consistent improvement in profit margins and return on capital. The corporate structure comprises six operating divisions: UK Forks, Groundforce, Airpac Bukom Oilfield Services, Hire Station, Torrent Trackside and TPA. The group’s operations stretch across the UK, Ireland and into mainland Europe, and its oil and gas business operates internationally from a network of hubs across the globe. Predictably, this segment of the business has caused some consternation due to the fall-away in capital spending across the oil and gas industry. The effects of the industry-wide retrenchment were reflected in Vp's first-half figures, when Airpac Bukom reported a 25 per cent contraction in revenue, although a focus on cost controls meant that profit margins held up reasonably well. The group continues to see encouraging remits from the construction and housebuilding industries. This was reflected in the performance of Hire Station in the first half, where revenue and profit were up 9 per cent and 27 per cent respectively. All told, the group claims a highly creditable 16.1 per cent return on equity at the half-year mark, against 14.9 per cent in the previous first half." All fwiw
ganthorpe: I went to the AGM. Nothing very exciting. There was I felt confidence that overall things were going well with oil & gas rather slow and water orders getting in gear sfter a quiet first year of the five year regulation period.Construction still strong as probably the largest sector.There was some comment from the floor that progress in the share price was disappointing in view of the excellent record. The Board indicated that they were aware of the problem of getting VP's excellent record recognised better and were working on the matter. I feel that share price progress is not assisted by the low dividend yield and 3.3X covered dividend.There was a comment that about half the large expenditure on hire equipment was for expansion which bodes well for the current year. Overall I feel VP is well diversified to ride cutbacks in individual sectors and a sound if not too exciting investment for the medium term view. I saw the Equity Development note , which seems fair comment except that if markets continue as currently I would hope to see EPS nearer to 60P(v 57.3p) and dividends of around 18.5P (v 17.4P).Just a personal guess. I am just a small shareholder who happens to live near Harrogate. Hope that helps Regards GAN
cestnous: Equity development this am; Commissioned research but still, encouraging. In its IMS this morning, Vp plc said "The Group has continued to trade well through the winter period assisted by relatively mild weather and customer demand has picked up steadily through the early part of 2015. The construction, housebuilding and infrastructure sectors remain strong, though we do anticipate a limited impact on our oil and gas related activities from the recent oil price reduction. The business is trading well, and with a momentum that leads the Board to believe that the Group will deliver results ahead of current market expectations for the year ended 31 March 2015". As a result we are increasing our numbers (again), and are now forecasting adjusted PBT (pre amortisation) for the year to March 2015 of £26 million, (against £20.05m in the previous financial year), followed by £27.5 million in the year to March 2016. Our new EPS forecasts for these 2 years are 52p (to 31/3/15) followed by 55.7p (to 31/3/16). As shown in our note, Vp shares are still very modestly rated against its peer group. On the back of these forecast increases we have raised our share price target from 725p to 775p. Download full report here
ed 123: Yes, V11SLR, lovely finals. Basic earnings per share announced at 39.78p. I have market consensus as being 35.27p. Optimistic outlook too. I'm expecting a very favourable market reaction. A 10% rise in the share price would put it around 700p. If it doesn't get there today, it seems only a matter of time.
westcountryboy: The consensus of new estimates on TDW now anticipates rather disappointing progress: 33.8p in 2014 and 35.79p in 2015. Can that be right, I wonder? It might help to explain why the share price has not moved much since results.
deadly: The share price has dropped since Sept due to macro-economic worries but VP continues to show it can grow and generate cash.
sleepy: Your opinion and well worth listenng to. Unless there's an RNS at or before 7 am tomorrow your cold shower will have been well justified. Could there be someone with an interest in a high share price on Dec 31?
pork belly: Recommendations Vp - STRONG BUY Companies: VP. 14/07/2008 Recommended here as a strong buy at 380p last year, equipment rental specialist Vp is currently unloved in terms of its market valuation, yet the company continues to please with positive developments. In its latest upbeat news, Harrogate-based Vp flagged up the acquisition of the tools and 'telehandler' fleet of UCS Plant, part of construction services group Rand, for £900,000. Significantly, Vp has signed a three-year sole supplier deal to hire out tools and other specialist equipment to two Rand subsidiaries, in a move that should foster a long-term relationship. As Growth Company Investor has oft outlined, Vp offers investors access to strong levels of organic growth, upside from astute acquisitions and earnings resilience through its diversified market exposure. This is offered through a focus on six businesses ranging from Hire Station, which provides tools for industry and construction, and TPA, a provider of portable roadway systems, fencing and barriers, to Torrent Trackside, which supplies products to the railway renewals and maintenance industry. In addition, Vp offers exposure to secure spend in sectors such as water and civil engineering through its excavation support systems operation Groundforce, as well as access to the buoyant oil and gas exploration sector through its Airpac business. In June, Vp demonstrated the efficacy of its strategy by announcing record profits for the year to March. Adjusted pre-tax profits grew by almost 40% to £20.2m, on turnover increased to £149.3m (2007: £121.6m). From earnings up 48% at 36.1p, shareholders were treated to a 27% rise in the total dividend to 10.5p. We remain fervent fans of Vp, which represents very good value at present levels and has a great track record in terms of dividends. Keep buying. Growth Company Investor subscribers have full access to all our AIM and small-cap share recommendations. To subscribe today with a half-price offer, and gain immediate access to all the recommendations, click here. James Crux Market cap: £100.9m PE Forecast: 6.1 PE Historic: 6.1 Share price: 218.5p
jk35: Good results, earnings,profits, dividends all well up, rosy outlook.....but i sold out yesterday, having held from 198. Mainly because the share price was precariously placed at support levels, and since january has been trapped in a 40p range. For me now, one to stick on the watchlist and wait until this great company gets noticed and gains a bit of momentum to break over 340 ,for a nice run up to £4,...otherwise i fear once the fanfare of results fade, so could the shares...any break below £3 would be a sell.
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