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VP. Vp Plc

560.00
-5.00 (-0.88%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Vp Plc LSE:VP. London Ordinary Share GB0009286963 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  -5.00 -0.88% 560.00 343,849 16:35:17
Bid Price Offer Price High Price Low Price Open Price
545.00 565.00 560.00 560.00 560.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Heavy Constr Eq Rental,lease 371.52M 23.01M 0.5730 9.77 224.86M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:36:59 O 60,000 548.00 GBX

Vp (VP.) Latest News (1)

Vp News

Date Time Source Headline
16/4/202407:00UK RNSVp PLC Trading Update
05/2/202415:26UK RNSVp PLC Notification of Major Holdings
28/11/202307:00UKREGVp PLC Interim Results
23/11/202307:00RNSNONVp PLC Investor Presentation with Equity Development
22/11/202307:00RNSNONVp PLC Presentation via Investor Meet Company
02/11/202307:00UKREGVp PLC Board Appointment
11/10/202307:00UKREGVp PLC Trading Update & Notice of Interim Results
11/8/202307:00UKREGVp PLC Board Changes
25/7/202314:57UKREGVp PLC Director/PDMR Shareholding
20/7/202313:11UKREGVp PLC Result of Annual General Meeting

Vp (VP.) Discussions and Chat

Vp (VP.) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:15:00548.0060,000328,800.00O
16:15:00548.0025,000137,000.00O
16:15:00549.50152,592838,493.04O
16:15:00548.0075,736415,033.28O
15:36:59560.0015,00084,000.00AT

Vp (VP.) Top Chat Posts

Top Posts
Posted at 16/4/2024 09:20 by Vp Daily Update
Vp Plc is listed in the Heavy Constr Eq Rental,lease sector of the London Stock Exchange with ticker VP.. The last closing price for Vp was 565p.
Vp currently has 40,154,253 shares in issue. The market capitalisation of Vp is £224,863,817.
Vp has a price to earnings ratio (PE ratio) of 9.77.
This morning VP. shares opened at 560p
Posted at 16/4/2024 07:43 by edmonda
"Resilient FY24, confident long-term outlook"

Vp’s full year update highlights sector-leading results, once again benefiting from the diversity of its end markets and the quality of its specialist businesses.

With results expected to be broadly in line with expectations, we trim our FY24 PBT forecast by c.5% to £39.0m, a shade below the FY23 outturn (£40.2m). We consider this an impressively resilient performance set against a mixed market backdrop.

Under new leadership, a strategic refresh is underway and management is confident in long term prospects. In our view, the valuation is compelling (FY25E P/E of c7x). We reiterate our Fair Value estimate of 1090p per share.

Link to research report:
Posted at 28/11/2023 07:21 by edmonda
Vp plc - "5279;;Delivering growth in uncertain markets", new research report here: 

Vp’s interims confirm another solid performance and continued growth despite the challenging backdrop. Revenue increased by 2.4% to £190.9m and adjusted PBT by 1.9% to £21.9m. This is >50% of our full year forecast (trimmed by c.4% to bring us in line with consensus).

Infrastructure demand has driven a positive H1 performance for Vp’s Groundforce, Torrent and TPA businesses. Vp’s experience is consistent with the latest construction industry data, which showsinfrastructure demand offsetting weakness in general construction and housebuilding. Vp is well positioned to benefit when these softer markets return to growth.

The period was notable for the change in leadership with Anna Bielby succeeding Neil Stothard as Group Chief Executive. Keith Winstanley has been appointed Group CFO and joins the Group in January 2024. We expect the refreshed management team to build on the Group’s strong foundations, with Digital innovation and ESG commitment at the forefront of Group strategy.

Following recent share price moves, Vp still trades at a marked discount to its immediate peers and its historic average rating. Over the long term, Vp has traded on a P/E rating of c.12x and the valuation at today’s share price represents a 30% discount to this level. We maintain our Fair Value estimate of £10.90 per share.
Posted at 11/10/2023 07:10 by jonwig
Trading update looks OK. ("Challenging" in construction, but that's no surprise.)



H1 results 28/11.
Posted at 21/9/2023 14:19 by cfro
Well, the share price is now about half where it was when it was put up for sale..

What about all that debt here though, isnt that off-putting to any potential acquirer? They say they are in the process of re-financing and will make an announcement before the interims but with rates going up with them owing so much they are not in a great position to negotiate very good terms..

In turn that could be a big drag on future performance especially if the housing market and construction etc fall into a slump.
Posted at 11/8/2023 07:53 by brummy_git
Today's change at the top of Vp plc is a major milestone for the business.

After >25 years, existing CEO Neil Stothard has decided to retire & hang up his boots (Neil was also apparently an accomplished Oxbridge rugby blue in his day).

Transferring the baton to existing CFO Anna Bielby from 1st Sept.

For investors, I have been covering Vp for almost a decade, and believe this astute transition will work like clockwork.

Sure Neil's leadership, strategic direction & commercial acumen will be sorely missed.

However having spoken to Anna on a number of occasions - I equally know she is a highly capable executive, and will successfully lead Vp plc into the next stages of its life.

Better still, the stock at 575p, looks incredibly under-valued, trading on a 7.2x FY'24 PER.
Posted at 11/8/2023 07:11 by jonwig
CEO to retire. orderly internal succession:
Posted at 09/8/2023 17:33 by essentialinvestor
Thanks, I hold RIII already which has VP as a top holding, may buy a small
amount as a direct holding.
Posted at 08/6/2023 09:08 by rcturner2
The dividend yield at the current price is 5.75%.
Posted at 07/6/2023 07:48 by edmonda
We published a new note today on Vp plc who published in-line numbers & a positive outlook, despite experiencing softer conditions in some end markets. Indeed impressively, FY’23 revenues, adjusted PBTA, EPS & ROCE came in at £371.5m (+6% vs LY), £40.5m (+4%), 79p (+11%) & 14.4% respectively. This reflects solid performances in UK infrastructure (e.g. energy, rail & water) and RMI, augmented by a bounce back in International (AirPac & TR), where EBIT margins expanded to 8.1% (+4.9%) on sales up 23.9% to £38.1m.

This puts the stock (at 650p) on attractive trailing EV/EBITDA, EV/EBIT & PE multiples of 4.3x, 8.6x and 8.2x – whilst similarly paying a generous 4.2% dividend yield. We believe this is simply too cheap for a best-in-class, GDP resilient business with a proven track record.

Link to our research report here:
Posted at 13/4/2023 15:13 by edmonda
On track to again grow profitably in FY’24 (new note from Equity Development)

Today’s “in line” FY23 trading update from Vp reiterates that it had made “good progress within its core markets” since the interims in Nov’22. It has benefitted from strength in civil engineering (eg highways) and infrastructure (eg water, rail & energy), alongside successfully lifting prices to cover input inflation as well as rightsizing some parts of the group to further reduce costs.

Elsewhere, the international energy & testing divisions also performed well, while residential housing has stabilised at lower levels - partly supported by robust RMI activity where millions of properties need modernisation.

As such, we retain our projections and £11.30/share valuation. Based on forecasted FY’23 revenues, adjusted PBTA and EPS of £365.5m, £40.2m & 75.9p (+6.5% YoY) respectively - climbing to £376.5m, £43.3m and 81.3p (7.2%) in FY’24. This in turn puts the stock (at 670p) on attractive FY’24 EV/EBITDA, EV/EBIT & PE multiples of 4.2x, 8.2x and 8.2x – whilst paying a 6.0% dividend yield. We believe this is simply far too cheap for a best-in-class, economically resilient business with a proven track record through thick & thin.
Vp share price data is direct from the London Stock Exchange

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