Vp Share Discussion Threads

[green sand] 11/9/2007 11:40

Yup, still here, well invested and very, very interested. But starting to get concerned about the general market, if the fan and the other stuff really come together I can't see anybody being immune. However, have been here for a long time and intend to stay.

Good luck

GS

[martinc] 11/9/2007 11:29

Yes, still here, and that sounds good news to me.

[cwa1] 11/9/2007 10:54

Just in case anyone else is still interested and invested. VP. AGM Statement is bullish:-

Speaking at the meeting, Jeremy Pilkington, Chairman said: "Further to the Interim Management Statement announced in August, I am pleased to reiterate that the Group's financial year has started strongly, with performance comfortably ahead of management expectations and prior year. The Cool Customers and ET Hire acquisitions made earlier in the year have been successfully integrated and are performing well."

[green sand] 16/8/2007 10:37

Mr Stothard in for a few more at £3.89, looks like a good buying opportunity, even more so if it starts getting caught up in the general market malaise.

Very positive trading statement, followed by an analyst forecast of 3 years double-digit EPS growth, followed by a director buying? Watch this space! As always all IMVHO & DYOR




Good luck

GS

[green sand] 16/8/2007 09:15

VP "buy"

Wednesday, August 15, 2007 1:31:46 PM ET
Panmure Gordon & Co

LONDON, August 15 (newratings.com) - Analysts at Panmure Gordon & Co reiterate their "buy" rating on VP Plc (ticker: VP-GBX). The target price is set to 470p.

In a research note published this morning, the analysts mention that the company's interim management statement reaffirms robust trading patterns in 2Q. The Cool Customers acquisition has been integrated well and is performing ahead of expectations at present, the analysts say. The company is likely to continue to generate double-digit EPS growth until at least 2010, Panmure Gordon & Co adds.

Good luck

GS

[cwa1] 15/8/2007 10:07

Agreed. Nice statement. Most of the companies I'm involved with are bringing out very positive statements but due to sub prime mortgage worries in America they've, largely speaking, done nothing or gone backwards. Hey ho. Nobody said it was going to be easy I suppose...

[green sand] 15/8/2007 08:09

Now that is just the type of statement needed in the midst of these "blood on the moon days"

Read and enjoy, there is value here. "Comfortably ahead"!



Good luck

GS

[ed 123] 23/7/2007 11:39

Thanks, sweep stock.

Nice. :-))

[sweep stock] 23/7/2007 10:49

Hi All

23-Jul-07
Panmure Gordon
Buy 397.75p Target 470.00p
(New Coverage)

Sweep

[luckythedog] 07/6/2007 11:29

Yeah Good results,

Looks like VP is back on track after last years results. Will continue to hold my stake as company really does seem to have competitive advantages and semi monopolies in some of it's markets (you would have to buy a hell of alot of bollards to challenge Trax Portable Access for market leadership!). If the gearing is still relatively low should be a good defensive company to back when interest rates rise.

Dividend increase is very welcome, however shame we don't get it until October. Still it should be worth the wait and fund a few xmas pressies.

Green Sand, thanks for your views on post results share price drop. I'm sure your right must have been some kind of tree shake.

I hope the market appreciates the results and share price breaks the £4 barrier for the first time ever!

[qs9] 07/6/2007 07:12

very very good, and IMO undervalued vs its peers such as Speedy Hire etc, hopefully a re-rating is long over due will happen...

[green sand] 07/6/2007 07:04

"Earnings per share increased by 40% to 24.5 pence (2006: 17.5 pence)"

"The record result we are reporting reflects the underlying strength of the
markets served by the Group and the success of our strategy in translating
opportunities into profitable growth.

The outlook remains positive and we are confident that the Group can deliver
sustainable growth over the medium term."

- Ends -

Not much else needs to be said

Good luck

GS

[green sand] 06/6/2007 08:35

Nope can't hazard a guess at yesterday's movement. It looks as though a tranche of very, very small automatic trades brought down the sp? A type of action that could be viewed by some as manipulation in order to flush out a few nervous PIs a couple of days before the prelims. As this could not possibly happen I have to admit to being left in total confusion:-)

Good luck, have fun

GS

[cwa1] 06/6/2007 08:18

Hello Luckythedog

Many thanks for your thoughts, they are much appreciated. I'm certainly hoping for something bullish on results day to push them forward. I agree that that is needed. However the last TS certainly suggested that all was going well.

I can also confirm that The Naked Trader and I HAVE been seen in the same room together and that we are not related in no way except, hopefully, that we can spot an undervalued share ;-))

[luckythedog] 05/6/2007 19:45

Hi CWA1,

I originally bought shares at 207p (8/11/05) and again at 277p (6/2/2006), then sold a third of my stake at 337.5p (15/1/07).

I was a bit disappointed with June 2006's final results (adjusted eps went down slightly after many years of growth). However I have kept the majority of my stake as company has been well run and is involved in several niche sectors in the equipment rental industry. These include a division renting specialist equipment to oil companies and airfields and Trax portable access limited (a 2005 aquisition) which hires out bollards, ramps, fences etc to road gangs. Many of VP's divisions are leaders in their specialist fields and I feel due to their size and the amount of equipment at their disposal they have a strong competitive advantage.

VP was also attractive as it had historically low gearing which added a safety net if interest rates got out of hand or we suffered a slowdown in the construction industry. Due to aquisitions it's gearing has now increased to 54% (from 4% at 8/11/2005), but for a rental company this is still very low.

The shares need very strong final results this week to move higher and analysts are predicting an adjusted eps of 21.7p (up from 12.9p last year).
I think the company is not the bargain it once was and is a bit pricey but with a fair wind (no rise in interest rates) and excellent results could break 400p and even peak at 425p.

I am a bit cocerned the share price dropped 15p today anybody know why, is it pre result jitters or anything more concrete?

P.S. The Naked trader bought 1300 shares at almost exactly the same price as you CWA1 on 13/2/07 for 366.4p and set a target of 450p. He has bought a couple of times in the past as well.

[cwa1] 05/6/2007 15:53

Afternoon All

Not the busiest of boards :-)

FWIW I've just had a wee dabble at 365.25p ahead of results this Thursday(not showing yet). The TS seemed pretty upbeat and, unless things have taken a turn for the worse in the interim, it seems like a decent punt to me.

Anyone else interested?

[green sand] 04/4/2007 08:58

Hi Fingers, many, many thanks. I thought there would be a lot more to it than that seen by my untrained eye. Especially the comments regading volume at the time of the completion of the handle. I will study carefully and watch the outcome with interest. I have been with VP since sub £1 so therefore a happy bunny. Fundamentally I find the business model to be very sound. Also they are concentrating in niche areas within a growth sector that is undergoing a degree of consolidation.

Once again thanks for your analysis and its clarity. I look forward to observing whatever the future may bring.

GS

[blueliner] 03/4/2007 20:18

Or a JCB bucket ..)))

[green sand] 03/4/2007 09:54

Resonable trading statement, not likely to set the world on fire, but good solid stuff.

From a different aspect, are there any TA people interested in VP? To my untrained eye the last 12 months appears to be a "classic cup & handle"? As a little knowledge is dangerous and I have very little TA knowledge I would appreciate any more informed comments.

Good luck

GS

[diogenesj] 17/2/2007 15:07

Robbie's not exactly a newcomer here:

Tinker - 7 Sep'06 - 14:46 - 352 of 513

From The Naked Trader's website today:

First a new buy (well not that new) and it's VP (VP.) I am already in profit by £6,000 on a position I've held onto for quite a long time from 130...

[greatbull] 14/2/2007 00:01

450p sounds a reasonable target with a current forecast of 31p for March 2009.

Gb.

[mr mole] 13/2/2007 22:34

I see Robbie Burns aka The Naked Trader has bought back in here today with target of 450p.