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VP Share Discussion Threads
Showing 851 to 872 of 875 messages
|I suspect it might be the bidding war for Lavendon (LVD) which has more than doubled its price over the last month raising awareness of this sector. VP is one of the better quality stocks in the equipment hire sector but has always been rather under the radar, despite its solid dividend and track record of consistently increasing profits through periods of recession and low oil prices. Or maybe someone has got wind of encouraging results from the Australian acquisition. I've always been impressed by VP's ability to integrate acquisitions. Whatever the reason, VP is now reaching new highs.|
|Kirkie...you have seen the Results RNS haven't you?|
|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?|
|New research out today from Equity development.
|Jeremy Pilkington has 50.33% of shares , whatever he decides to do the rest of us will be carried along with. My guess is this 60 yr old company will be under family control still in another 60 years.|
|Not me. I'm holding VP and I think it highly unlikely it will be taken over.|
|Any other holders here think TVH could turn their attentions onto VP if they fail to secure LVD? It's a better quality business that LVD with much better operating margins|
|New research out from Equity Development
|If you would like to hear Neil Stothard,Chief Executive, provide an update on Vp he will be presenting at our next investor forum on the evening of Wednesday 28th of September. Also appearing will be the management of Benchmark Holdings and Venture Life Group.
To learn more about the forum and to register for free please follow this link: https://www.eventbrite.co.uk/e/equity-development-investor-forum-september-2016-tickets-27428572599
The Equity Development team|
|New research out this morning from Equity development
"Vp plc, the equipment rental specialist, announces that at the Group's Annual General Meeting held earlier today, all resolutions put to Shareholders by the Board were duly passed.
Speaking at the Annual General Meeting, Jeremy Pilkington, Chairman, commented:
"I am pleased to report that the Group has experienced a positive start to the financial year.
In the UK, the key markets are generally performing well, with construction and housebuilding in particular generating good demand.
The International business is enjoying new contributions from the TR Group, which we acquired in April 2016, though as anticipated, the global oil and gas market continues to be challenging.
The business performance year to date is encouraging and we have not seen any impact to trading post the recent Brexit decision.
We anticipate making further good progress this year."
- Ends -"|
|From Speedy Hire update today - It is too early to assess with any degree of certainty what impact the EU referendum result will have on the Group's end markets but, to date, there has been no deterioration in trading.
VP currently 15% off share price day before referendum.|
|New research out from Equity Development
|thats more like it...|
|solid performance again, going unnoticed as usual|
|Great set of numbers as usual - consistent overall performance demonstrating resilience even when some businesses are in difficult markets - Hire Station stand out performer and probably the best small tool operator in the market - nice to see further dividend progression|
· 11% improvement in profit before tax and amortisation to £29.8 million (2015: £26.8 million)
· 2% increase in revenues to £208.7 million (2015: £205.6 million)
· 14% increase in basic earnings per share, pre-amortisation, to 62.21 pence
· Return on average capital employed increased to 16.3% (2015: 16.2%)
· EBITDA up 10% to £59.3 million (2015: £53.8 million)
· Net debt of £86.1 million (2015: £66.8 million) after funding:
o Capital investment in the fleet of £45.9 million
o Acquisitions of Test & Measurement and Higher Access for £8.1 million
· Final dividend proposed of 13.5 pence per share, making a total of 18.85 pence for the full year (2015: 16.5 pence), an increase of 14%
Jeremy Pilkington, Chairman of Vp plc, commented:
"Following last year's record breaking results, the Group has continued to make further good progress this year reporting another strong financial performance with improvements in profits, margins and returns, delivered from a relatively modest growth in revenues. This trend is expected to continue as the varying demands of supportive infrastructure, housebuilding and construction markets play against a challenged oil and gas sector."|
|Ta, Brummy_git. :-)
Although there are no firm synergies from the deal ...
I'd guess they're going to put TR in the Airpack Bukom division. That would add a Melbourne address to their existing Perth one. So, AirPack Bukom will be much closer to the oil and gas facilities in the Tasman Sea = potentially more sales. Also, TR's equipment could be rented on the west coast, so getting access to a bigger market.
They do well with their add-ons. This looks like another good move.|